International Financial Advisors Holding K.P.S.C.
Climate Impact & Sustainability Data (2021-12 to 2023-12)
Reporting Period: 2021-12 to 2023-12
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Foreign currency risk arising from various foreign currency exposures, primarily with respect to UAE Dirham, Euro and US Dollar.
- Political and economic risks associated with investments, especially in developing markets
- Risks associated with financial markets (volatility in interest rates, prices of securities and currency exchange rates)
- Kuwait's economy and government revenues are significantly impacted by, and are dependent upon, international oil prices
- Kuwait is located in a region that has been subject to ongoing political and security concerns
- Tax changes in Kuwait may have an adverse effect on the Company
- Kuwait may introduce corporate income tax
Mitigation Strategies
- To mitigate the Group's exposure to foreign currency risk, non-Kuwaiti Dinar cash flows are monitored and forward exchanged contracts are entered into in accordance with the Group's risk management policies.