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Companies
MAJAN DEVELOPMENT CO., OMAN
     
GIH established MAJAN in March 2008, in collaboration with a group of investors, namely the Pension Fund of Oman’s Ministry of Defense, Pension Fund of the Royal Guard of Oman, Public Authority for Social Insurance (Oman), Oman & Emirates Investment Holding Co. (Oman), Oman Cement Co. (Oman), Sharjah Islamic Bank (UAE), and Commercial Real Estate Co. (Kuwait). GIH has a 20% direct stake in the company. MAJAN has an authorized capital of RO 40 million and paid up capital of RO 16.1 million. The primary objective of MAJAN is to capitalize on the current investment opportunities in the Omani market by targeting the tourism, commercial and residential sectors.

For more information, please visit www.majandevelopment.com

 
 
AFKAR HOLDING CO., KUWAIT
     
AFKAR was established by GIH with major strategic investors viz., Kuwait Finance House, Commercial Real Estate Company, Kuwait Investment Company and Jiblah Holding Company. The paid-up capital of AFKAR today stands at KD 15.5 million while GIH holds a controlling stake of circa 34.9%, in the company. AFKAR’s primary objective is to take advantage of the current and expected developments in the Petrochemicals, Industrial and related Services sectors in the GCC, the Middle East, India and Turkey. AFKAR is continuously on the lookout for diversified investment opportunities.

For more information, please visit www.afkarholding.com

 
 
MADA'IN PROPERTIES, U.A.E.
     

Established in 1st half of 2006 with a paid-up capital of AED 500 million, MADA’IN is the brain-child of GIH, Ahmed Ramadan Juma Group (UAE) and a conglomerate of investors from the Gulf. With the incorporation of MADA’IN, GIH extended its geographical footprint to the UAE. MADA’IN’s scope of activities includes real estate investment, trading, development and management as well as real estate auctions and consulting services. The current paid-up capital of the company is AED 223 million. 

For more information about the company, please visit www.madain.ae

 

 
 
INOVEST, BAHRAIN
(Formerly AL KHALEEJ DEVELOPMENT CO.-TAMEER)
     
INOVEST was established in Bahrain in June 2002 with a paid-up capital of US $16 million under the name “Al-Khaleej Development Company”. Shortly before its listing on the Bahrain and Kuwait Stock Exchanges in 2005, its capital was increased to US $50 million through an IPO. INOVEST currently boasts an issued and paid-up capital of US $114 million.
In mid-2008 TAMEER was transformed into an investment company called “INOVEST”. TAMEER is now a subsidiary closed shareholding company affiliated to INOVEST. The move would expand TAMEER’s scope of business to include investment opportunities in the energy, agriculture and tourism sectors besides enabling the Company to broaden its geographical reach by penetrating markets in Europe, USA, Africa and Asia.
TAMEER’s main business focus have been developing residential, industrial & tourism projects, project management & property maintenance, establishing and managing real estate funds, providing real estate advisory services, buying, selling & leasing of properties. Some of TAMEER's projects are the Bahrain Investment Wharf (BIW), Marina Project in Durrat Al Bahrain and Madaen Al Luzi. The Company has acquired a significant position as a leading Islamic real estate company in the Bahraini market by providing customers with innovative products and services.

For more information, please visit www.inovest.bh

 
 
ARKAN AL-KUWAIT REAL ESTATE CO., KUWAIT
     
Founded in 2003 as a local real estate company with a paid-up capital of KD 18 million, it was listed on the Kuwait Stock Exchange in December 2006. Today, ARKAN has grown to its present day paid up capital of KD 25.1 million.With a clear focus on providing Shari’a' compliant real estate products and services, ARKAN's business model is built on sound business fundamentals. 

For more information, please visit www.arkanalkuwait.com

 
 
AMAR FINANCE & LEASING CO., KUWAIT
     
Established in 2004 as a real estate finance company with a paid-up capital of KD 20 million, AMAR was a joint venture between GIH and Kuwait Financial Centre (MARKAZ). It became the first company in Kuwait to provide Shari’a' compliant finance and leasing solutions for all types of real estate activities and has gained an edge over its competitors in the field. Today, AMAR offers specialized services in the real estate sector and possesses the capability to cater to even the most sophisticated requirements from customers. In December 2009, the company was listed on KSE Parallel Market.

For more information, please visit www.amarfinance.com

 
 
GULF REAL ESTATE CO., SAUDI ARABIA
     
Established in 2004 with the present paid-up capital of SR 522.3 million, GRC is distinguished for being the first Saudi Real Estate company to be partially owned by non-Saudis through an alliance with GCC investors interested in securing investment opportunities in the Saudi real estate market. GRC offers Shari’a' compliant real estate products and services including land and property development, real estate advisory services and structured real estate investment products. The Company's investments are spread across entertainment and tourism, housing and commercial projects including hotels, health and industrial properties.


For more information, please visit
 www.gulf-re.com

 
 

Established & Exited Companies:

Mashaer Holding Co.
     
  • Year of Establishment: 2000.
  • Capital at Inception: 2 Million KD.
  • Country: Kuwait.
  • Activity of the Company: Services.
  • Date of Exit: 2002.
 
 

Gulf Finance House

     
  • Year of Establishment: 1999.
  • Capital at Inception: 65.2 Million US Dollars.
  • Country: Kingdom of Bahrain.
  • Activity of the Company: Financial Services.
  • Date of Exit: 2007.
 
 

Osoul Investment Co.

     
  • Year of Establishment: 1999.
  • Capital at Inception: 15 Million KD.
  • Country: Kuwait.
  • Activity of the Company: Financial Services.
  • Date of Exit: 2008.
 
 

Private Equity:

Halcore – Horton Enterprises Inc.
     
  • Year of Investment: 2002.
  • Country: USA.
  • Activity of the Company: Industrial.
  • Year of Exit: 2010.
 
 
Stronghaven – Package Holding Co.
     
  • Year of Investment: 2003.
  • Country: USA.
  • Activity of the Company: Industrial.
  • Year of Exit: 2013.
 
 
 

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