May 29, 2016 11:03 PM ET

Diversified Financial Services

Company Overview of Gulf Investment Corporation

Company Overview

Gulf Investment Corporation is a venture capital arm of The Cooperation Council for the Arab States of the Gulf specializing in direct investments in private companies and new business ventures. The firm prefers to invest in the utilities sector with a focus on power, water, telecommunications, and other infrastructure; chemicals and metals; diversified industrials; materials; healthcare; agriculture, consumer staples; Industrial Development; consumer discretionary; financials; financial services, petrochemicals, steel, and electricity. It seeks to invest in GCC countries. It also invests in corporate finance projects. Gulf Investment Corporation was founded in 1983 and is based in Kuwait Ci...

Jaber Al-Mubarak Street

Sharq

Kuwait City,  

Kuwait

Founded in 1983

Phone:

965 2222 5000

Fax:

965 2222 5010

Key Executives for Gulf Investment Corporation

Chief Executive Officer and Director
Head of Finance Division
Head of Business Development and Advisor to Chief Executive Officer
Head of GCC Diversified Projects
Group Head of Principal Investment
Compensation as of Fiscal Year 2015.

Gulf Investment Corporation Key Developments

Bahrain Awards Contract to Build $400 Million Floating LNG Terminal

A consortium composed of Teekay LNG Partners, Samsung C&T and Gulf Investment Corporation (GIC) has signed agreements with the Government of Bahrain for the development of a $400 million LNG terminal in the Gulf kingdom. The project will be located in Hidd Industrial area of Bahrain and will help the kingdom meet the increasing demand for gas supplies to satisfy its industrial and urban development. The Oil and Gas Holding Company (Nogaholding) awarded the contract and the project will be owned and operated through a new joint venture, Bahrain LNG, owned by Nogaholding (30%), Teekay LNG (30%), Samsung (20%) and GIC (20%). The project will comprise a floating storage unit, an offshore LNG receiving jetty and breakwater, a regasification platform, subsea gas pipelines from the platform to shore, an onshore gas receiving facility, and an onshore nitrogen production facility.

Gulf Investment Corporation Announces Financial Results for the Year Ended December 31, 2014

Gulf Investment Corporation announced financial results for the year ended December 31, 2014. For the year, the company posted net profits of $201 million. GIC's net income is 23% higher than the prior comparative year. The improved profitability levels driven by the good performance of GIC's key business lines: capital markets and direct investments represent a return on equity of 7.6% compared to 6.7% for the previous year.

Similar Private Companies By Industry

Company Name Region
Action Group Holdings (K.S.C.C.) Middle East/Africa
Afkar Holding Company K.S.C. Middle East/Africa
Al Manar Financing & Leasing Co. K.S.C.C. Middle East/Africa
Capital Standards Rating Middle East/Africa
Credit Information Network Company Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
NYC2012, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Gulf Investment Corporation, please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.