Statement from Istithmar World
A spokesperson for Istithmar World stated today: In light of current external market conditions and our strategy to align resources in line with business requirements for 2009, Istithmar World has reduced its workforce by 13 staff members, which is equivalent to 10 per cent of its total employee strength.
We remain confident of our investment strategy for driving long-term growth and above-average returns, and have adjusted our short-term business plan to capitalise on the opportunities that will open up when the economic recovery begins.
We have a clear plan to reallocate resources to areas where we see potential in 2009. Our investments are diversified across a range of sectors and are backed by prudent leveraging and diligent financial planning. Istithmar World is positioned to weather the global challenges in the short term and focus on growth opportunities to continue delivering exceptional returns to its shareholders.
