Principal Activities
Provides financing activities; investment banking services including investment advisory on mergers and acquisitions, initial public offering and underwriting, all in accordance with Islamic principles.
Date of Establishment Year
1992 (November)
No of Employees
500 (N/A Company, 500 Group, 22 Headquarters) (As of Oct 29, 2010)
|
|
Major Shareholders  |
Section Updated: 04Nov11
|
|
|
|
|
|
|
Adnan Abdulaziz Ahmad Al Bahar
|
Private |
Kuwait |
13.68% |
|
Salhia Real Estate Company
|
Corporate |
Kuwait |
12.65% |
|
The Public Institution for Social Security
|
Government |
Kuwait |
7.36% |
|
United Gulf Bank
|
Corporate |
Bahrain |
- |
|
Bader Al Mulla and Brothers Company
|
Corporate |
Kuwait |
- |
|
Public
|
|
- |
66.31% |
Note: Bader Al Mulla and Brothers Company and United Gulf Bank's shareholding is part of the public stake.
100%
GCC Nationals
100%
Foreigners
|
| Direct Investments and Related Entities |
| Subsidiaries/Associates/Affiliates |
|
|
|
|
| Bayt Al Mal International Real Estate Development Company |
Kuwait |
100.00% |
| Corinthian Super Market |
Kuwait |
100.00% |
| Flair Financing Company [via Payment and Loyalty Solutions Group] |
Kuwait |
100.00% |
| Flair Sales and Trading of Banking Equipments [via Payment and Loyalty Solutions Group] |
UAE |
100.00% |
| FleetCorp India |
India |
100.00% |
| Fleetcorp |
Turkey |
100.00% |
| Fleetcorp |
Bahrain |
100.00% |
| Fleetcorp Holding |
Kuwait |
100.00% |
| GTHC Gayrimenkul Insaat Sanayi Ve Ticaret |
Turkey |
100.00% |
| GTHC Luxembourg |
Luxembourg |
100.00% |
| Global Loyalty |
Kuwait |
100.00% |
| Global Processing and Marketing |
Pakistan |
100.00% |
| Gulf Credit Limited |
Pakistan |
100.00% |
| Gulf Turk Holding Company [GTHC] |
Kuwait |
100.00% |
| International Car and Rigid Company |
Kuwait |
100.00% |
| International Vehicles and Steel Company |
Kuwait |
100.00% |
| Menalco - Bahrain |
Bahrain |
100.00% |
| Menalco - UAE |
UAE |
100.00% |
| Payment and Loyalty Solutions Group [PLS] |
Kuwait |
100.00% |
| Procco Financial Services [via Payment and Loyalty Solutions Group] |
Bahrain |
100.00% |
| Saalt Management and Economic Consultancy |
Kuwait |
100.00% |
| Selektpoints Marketing Lebanon [via Payment and Loyalty Solutions Group] |
Lebanon |
100.00% |
| Selektpoints Marketing Limited [via Payment and Loyalty Solutions Group] |
Isle of Man |
100.00% |
| TII Financial, Economical and Administration Consultancy |
Kuwait |
100.00% |
| TII Global USD Lease Fund I Limited |
Virgin Islands (British) |
100.00% |
| Topaz Investment Worldwide |
Virgin Islands (British) |
100.00% |
| Bayt Al Mal Holding Company |
Kuwait |
85.00% |
| Al Najat Real Estate Company |
Jordan |
76.92% |
| RFM Loyalty Company |
UAE |
60.00% |
| Gulf Global Oil Technologies Company |
Kuwait |
53.33% |
| Awan International Commercial Development and Investment Company |
Saudi Arabia |
38.00% |
| Asia Retail Group Limited |
Isle of Man |
32.81% |
| Credit One Kuwait for Trading and Programming Company |
Kuwait |
25.00% |
| Global Education |
Kuwait |
25.00% |
|
| Investments |
|
|
Auditors
| Ernst and Young Al Aiban Al Osaimi and Partners |
RODL Middle East Ali Al Hassawi and Partners |
Banks
| National Bank of Kuwait (International) |
|
| Financial Results |
31-Dec-08 |
31-Dec-09 |
Yr on Yr |
| |
KWD'000 |
KWD'000 |
change (%) |
Total revenues  |
(1,421)
|
4,935
|
447.28 |
| Net profit |
(28,935)
|
(19,359)
|
33.09 |
| Total assets |
144,522
|
110,428
|
(23.59) |
| Paid-up capital |
49,222
|
49,222
|
0.00 |
| Shareholders' Equity |
33,148
|
16,138
|
(51.32) |
| Shares outstanding |
443,117
|
443,117
|
0.00 |
| Market capitalization |
31,018
|
23,627
|
(23.83) |
| Note: Current shares outstanding is 492,221,950 |
| » View Full Financials |
|
- 3.85%
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