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Subsidiary & Associates


Majan Development

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.

Saudi Arabia

Gulf Real Estate Projects Co.

Gulf Real Estate is KSA based company that was established in August 2004. Gulf Investment House owns 13.48% from the company. The company activities include buying, selling, leasing, maintaining, developing, marketing, and managing various types of real estate whether it is residential, commercial, or industrial properties. In addition, the company can develop, maintain, acquire, and invest in hospitals and shopping centers. Moreover, the company can engage in contractual works, and managing and maintaining cities and public utilities.


Afkar Holding Company

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 51.9%, 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.



Inovest was established in June 2002 with authorized capital of USD 150 million and a paid up capital of USD 120.335 million, Inovest is listed in Bahrain Bourse and Boursa Kuwait since December 2005. GIH owns (directly and in directly) in Inovest 23.84%. The company engages directly in all types of investments including direct investment in securities and various types of investment funds. In addition, the company participates in establishing and managing various investment funds. Moreover, the company activities include dealing in financial instruments in the local, regional, and international markets. Also, the activities include providing information and studies related to different types of investments.

United Arab Emirates

Madain Properties

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.


Khaleeji Entertainment Holding

KHALEEJI entertainment Holding Company mainly focuses on investments in the entertainment sector, and among its current investments are local entertainment projects in the State of Kuwait, which includes racing simulation, indoor golf, bowling, arcade games, billiards, and darts electric racing. Subsidiaries of KHALEEJI entertainment Company - House of X - Venue 56 - Charge

United Arab Emirates

Khaleeji Media

Khaleeji Media Advertising Company, one of Gulf Investment House's investments, was established in 2022 with the aim of offering new and innovative products and services in the field of media and advertising in general and in the field of DOOH LED screens advertising that operate with 3D technology in particular.Khaleeji Media Advertising Company is considered the leading company in the field of designing and publishing 3D advertising content and the first company in the State of Kuwait to launch advertising screens that operate with 3D Naked Eyetechnology.

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