Al-Hasawi established Tharwa in 2006 with a paid-up capital of KWD 15 million that was a result of continues efforts of professional businessmen specialized in investment; He holds a great experience in asset management within the Kuwaiti Stock Exchange as well as the Arab markets.
Between 1987 and 1990, Al-Hasawi managed 100 million Kuwaiti Dinars for Kuwait Investment Authority (KIA) as a market maker, when he was a portfolio manager at Securities Group Company Between 1987 and 1997.
Al-Hasawi co-founded the Department of Local and Gulf Investments in Kuwait Financial Center (Markaz) and served as its Director. At this capacity, the total assets managed by him reached one billion Kuwaiti Dinars. Al-Hasawi also served as a member of the board in Kuwait Privatization Project Holding Company between the year 2000 and 2001, Al-Hasawi received his Bachelors Degree in management from the United States.
Al-Fares holds a great experience in asset management, within the Kuwaiti Stock Exchange and the Arab markets, as well as co-founding the Local Investments Department in the National Investments Company (NIC) in 1995, within which he was head of the department responsible for portfolio management. Al-Fares also co-founded and managed five Islamic investment funds, both for local and Gulf areas, in Kuwait Financial Center (Markaz), with the assets under him totaling to a billion Kuwaiti Dinars.
In addition, Al-Fares co-founded the first options fund in the Middle East, which provides options on the Kuwaiti Stock Exchange while he was Vice President of Markaz. Al-Fares also served as a member of the board in Kuwait Privatization Project Holding Company between the year 2000 and 2001, Al-Fares received his Bachelors Degree in economics from Kuwait University.
Ahmed Derbalah joined Tharwa Investment Company in 2007 and was last appointed as an Executive Vice President after holding several senior positions. Prior to Tharwa, Derbalah has worked for several audit firms, the most recent of which was Ernst & Young (Al Aiban, Al Osaimi & Partners) in Kuwait.
During his experience in auditing firms, Derbalah audited several sectors before specializing in the Investments, Telecommunications and Oil & Gas sectors; Derbalah has solid exposure in the fields of Accounting, Finance and Audit.
Upon joining Tharwa, he has used his strong experience and knowledge and established operational and programmatic supports. Additionally, through extensive operational efforts, he assisted in achieving Tharwa’s mission and established controls and procedures for all departments & units under his supervision.
Derbalah holds a Bachelor of Commerce degree specializing in accounting from Ain Shams University, Cairo. He also holds a CPA Certificate from California, USA in addition to several courses and diplomas in International Financial Reporting Standards, Anti Money Laundering and Financial Programs.
Experienced in asset management and international investment, he joined the Kuwait Financial Center (Markaz) in 2003, and rose to the position of Assistant Vice President, where he managed clients Tailor-made portfolios in the United States, Europe and Asia. He also co managed a Diversified Investment Fund, ETFs Fund and Fund of Hedge Funds.
He received his Bachelors Degree in economics from Portland State University, in the United States, and trained in a number of global finance companies in the United Kingdom and Germany.
© 2022 Tharwa Investment. All rights reserved
