Kuwait-based Amwal International Investment Co. KSCP appointed a new board of directors as part of the post-acquisition integration process with Shuaa Capital PSC.

Bader Al Reizhan, Fawad Tariq Khan, Khaleefa Al Mheiri, Oliver Lee, Ali Tariq, Adil Mustafa and Abdullah Galadari are the new board members.

Dubai-based Shuaa also said it aims to develop synergies with Amwal's key subsidiary, Noor Capital Market KSCC.

Kuwait's inclusion in the FTSE Russell Emerging Markets Index in September 2018 is likely to increase investment inflows into the country, Shuaa added.