Gulf Investment Corporation (GIC)
GIC is an investment company incorporated in the State of Kuwait on November 15, 1983 as a Gulf Shareholding Company. It is equally owned by the governments of the six member states of the Gulf Cooperation Council (GCC), i.e., Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. GIC was formed to foster economic growth, economic diversification and capital markets development across the GCC region. Their experienced team offers local and international investors a diverse range of financial opportunities. They have a proven track record for successfully assisting private enterprise across a broad range of industry sectors and effectively delivering innovative investment opportunities.
GIC’s mission is to foster the economic growth, the economic diversity and the capital markets development of the GCC.
Because of GIC’s unique position as the development investor for the GCC and the region’s only pan-GCC sovereign-owned financial institution, GIC has become the investment partner of choice for institutional investors and industrial companies introduced in the GCC.
GIC was the first financial institution established under the auspices of the Gulf Cooperation Council (GCC) through an agreement signed between the constituent nation states (Bahrain, Kuwait, Qatar, Oman, Saudi Arabia & United Arab Emirates) in November 1982.
From inception, GIC has been the premier Development Investor for the GCC Region. GIC’s Principal Investments activity in particular has made significant contributions to the GCC economies through development of major power and industrial project initiatives and, during its approximately thirty years history, has led or participated in initiatives with a total project value in the tens of billions of dollars, generating employment for thousands of people in the region.
GIC has also been an innovator through its development of GCC financial markets, including the introduction of the first GCC stock and bond mutual funds.See more