Our History
Corporate Milestones
1983
Established by the GCC.
1991
Acquisition of Gulf International Bank (GIB.
1995
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$100 million for 10 years on a non-recourse basis.
1997
US$ 225 million Sultanate of Oman Floating Rate Note issue.
1998
GGC advisor to IPO of 45 per cent of the shares in Qatar Telecom (Q-Tel).
1999
Merger of GIB and Saudi International Bank (SIB).
2001
Sale of CIB, after strategic restructuring to the six GCC governments.
2004
Acquisition of 25 per cent of Jeddah Cables.
2005
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.
2006
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$600 million.
2007
First PPP Project co-developed by GIC in Bahrain. ACWA Power Projects, GIC and Mitsubishi Corporation signed the Shuqaiq IWPP in KSA.
2008
Joint venture formed between Gulf Re, between GIC and Arch Capital.
First GCC issuer to tap the Malaysian bond markets
2009
GIC and GDF SUEZ completed the financing of Al Dur IWPP in Bahrain.
Explore Our Investments
| FUNDS' PERFORMANCE | ||
| Gulf Bond Fund | ||
| Date | : | 10 May 2013 |
| NAV per Share | : | US$ 14.1168 |
| Total Assets | : | US$ 174 million |
| GIC KD Bond Fund | ||
| Date | : | 09 May 2013 |
| NAV per Share | : | KWD 1.0210 |
| Total Assets | : | KWD 6 million |