The Kuwait-based Sultan Center Good Products (TSC) holds a portfolio of companies primarily engaged in retail supermarkets, restaurants and catering, import/export, consumer goods, telecom equipment sales, investment, security services and equipment as well as fashion. The publicly listed company has a portfolio that includes 51 retail outlets and over 40 representative agencies in the Middle East. It holds a 15% share of the Kuwaiti retail market, as of 2007.
The Sultan Center Restaurant division operates local and international franchises such as the Kuwait-based Jeans Grill and Café Sultan and the US-based Chi-Chi’s and Tumbleweed.
TSC’s trading division, Market Vision Trading, a legally separate entity with no national or regional restrictions, develops local and international strategic trading partnerships.
Specialty Fashion Group operates 15 international retail outlets as of 2007 in the Gulf with brands including Naf Naf, Quiksilver, Ocean Pacific and others. The division has plans to expand throughout the Middle East.
TSC provides telecom services through its subsidiary, ATCO, which specializes in communication networks involving fiber optics, microwave transmission, and various narrow band and broadband systems. The company’s Sultan Telecom is the sole telecommunications service provider in the
Kuwait Free Trade ZoneKuwait Free Trade Zone
.
The United Capital Group is TSC’s investment arm, mainly focusing on the establishment or investment in companies, private placement, and investment in real estate and trading securities, financial consultancy, valuations and management of companies.
TSC acquired Geant Casino and Monoprix from the Lebanese
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company via the Kuwait Sultan Center—Lebanon, in July 2008, for KWD28.6 million (USD108 million).
The Sultan Center originated as PSC Supply, a provider of hardware to the oil industry before beginning its transformation in 1981 as a multi-line conglomerate. TSC opened its first overseas retail store in 1999, the Sultan Center Oman, which became one of the largest retail stores in the country, prompting the launch of a second Oman-based store, in 2005, the Wholesale Center Al-Khoud. TSC expanded into Jordan with the acquisition of Safeway Jordan, in 2003.