Established by the GCC.
Acquisition of Gulf International Bank (GIB.
Financial advisor to two major companies: Saudi Petrochemicals Company (SADAF), raising US$700 million for 8.5 years on a non-recourse basis and Gulf Petrochemical Industry Company (GPIC), raising US$100 million for 10 years on a non-recourse basis.
US$ 225 million Sultanate of Oman Floating Rate Note issue.
GGC advisor to IPO of 45 per cent of the shares in Qatar Telecom (Q-Tel).
Merger of GIB and Saudi International Bank (SIB).
Sale of CIB, after strategic restructuring to the six GCC governments.
Acquisition of 25 per cent of Jeddah Cables.
Moody’s raise GIC’s credit rating to A2. Al Ezzel Power Project wins ‘Power Deal of the Year in the Middle East’.
Successful completion of US$1 billion Euro medium term note program.
GIC completes 400 million Euro note issue. Largest ever GCC Euro transaction of its kind.
Fitch gives GIC an A rating.
GIC’s profits more than double to US$600 million.
First PPP Project co-developed by GIC in Bahrain. ACWA Power Projects, GIC and Mitsubishi Corporation signed the Shuqaiq IWPP in KSA.
Joint venture formed between Gulf Re, between GIC and Arch Capital.
First GCC issuer to tap the Malaysian bond markets
GIC and GDF SUEZ completed the financing of Al Dur IWPP in Bahrain.