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Dubai achieves world-record, lowest ever PV tariff for 900 MW solar project
Dubai Electricity and Water Authority (DEWA) and consortium led by the Saudi Arabian company ACWA Power and consisting of Gulf Investment Corporation sign Power Purchase Agreement for the fifth phase of the world’s largest single site solar park USD 570 million project awarded at world-record tariff of 1.6953 dollar cent per kWh Dubai, United Arab […]
OTHER NEWS
Gulf Investment Corporation (GIC) announced today that Moody’s Investor Service, in their recently published Credit Analysis report, have maintained its Long Term rating at A2 and Short Term rating at P-1, with a “Stable outlook”
They emphasized our robust capital position, the strong funding & liquidity profile, the strength of management and the willingness and capability of GIC’s shareholder as key support factors, in a challenging future business environment. Moody’s is very...
“Gulf Investment Corporation” participates in the capital increase of “Sudair Pharmaceuticals Company” The first plant of its kind in the Middle East region for generic oncology drugs
Riyadh, 29-03-2017: Gulf Investment Corporation which is based in Kuwait announced that it has successfully completed acquisition of a significant minority stake in “Sudair Pharmaceuticals Company” - the owner and the developer of Sudair Specialized Pharmaceuticals...
Moody’s maintains GIC’s A2 Ratings and Stable Outlook
Kuwait, 26-10-2016: The Gulf Investment Corporation (GIC) announced today that Moody’s Investor Service, in their recently published Credit Analysis report, have maintained its Long Term rating at A2 and Short Term rating at P-1. The Stable outlook was maintained as...
Fitch Reaffirms GIC’s ‘A-’ ratings and ‘Stable’ outlook, despite the difficult circumstances the region is going through
{:en}Kuwait, 12-06-2016: The Gulf Investment Corporation (GIC) announced today that Fitch Credit Rating Agency affirmed its Long Term IDR ratings at A-, Short Term ratings at F1, and Stable outlook. The viability ratings were reaffirmed at BB.
The action by Fitch is positive, especially in the current regional context where ratings have been under pressure for governments and financial institutions. Fitch have highlighted the capability of GIC’s shareholders as a key support factor. They have also emphasized the strength of management, robust capital position and strong funding & liquidity profile as positive contributors.{:}{:ar}الكويت 12-6-2016: أعلنت مؤسسة الخليج للاستثمار اليوم ان وكالة فيتش للتصنيف الائتمانى أكدت على مستوى تصنيفها الطويل الأجل (IDR) للمؤسسة عند (-A) والقصير الأجل (F1)، مع نظرة مستقبلية “مستقرة”، كما أبقت على معدل القابلية للنمو عند مستوى.”(BB){:}
Gulf Investment Corporation reports net profit of USD 110 million for 2015
Kuwait, 03-04-2016: Gulf Investment Corporation (GIC) announced the results of its operations for the fiscal year ended 31 December 2015, reporting net profits of USD 110 million. The announcement comes in the wake of the approval of the financial statements at the...
GIC Strategic Partner in the new Gulf Japan Food Fund
Muscat 25-10-2015: The Gulf Investment Corporation (GIC) has recently participated in the signing ceremony held in the Sultanate of Oman on Sunday to mark the establishment of the Gulf Japan Food Fund. The signing ceremony of the Fund, was attended by a group of major...