March 2022

The Extraordinary General Assembly approved to amend the Articles of Association which allow Gulf Bank to establish an investment company- Gulf Bank Capital Investment Company to serve as the Bank’s investment arm in managing client’s assets.

Gulf Capital Investment Company will offer high-net worth clients an array of a full-suite of innovative investment products and services to meet their aspirations and to exceed their expectations.

January 2023

Kamco Invest and Gulf Bank announced the successful completion of the KD165 million bond issuance for Kuwait Projects Company (Holding) KIPCO, the largest KWD denominated corporate bond ever issued.

March 2023

United Real Estate Company, KAMCO Invest, and Gulf Bank successfully completed the issuance of a KD80 million bond, which is the largest issuance of bond in Kuwaiti Dinars in the real estate sector.

May 2023

InvestGB” was chosen by the Board as the brand name of Gulf Capital Investment Company.

The license establishment of Gulf Capital Investment Company KSCC was announced in the 1637th issue of Al-Kuwait Al-Yawm Official Gazette on May 8th, 2023.

July 2023

InvestGB moved to its new location at Al Hamra Business Tower.

August 2023

The Investments Group successfully completed the transaction of the Boston and Minneapolis Properties Portfolio managed by Investcorp; a leading global manager of alternative investments The portfolio consists of a diversified portfolio of industrial and life science properties.

September 2023

As part of its continuous efforts to provide the best investment services to clients, the Investments Group organized a two-day workshop for its employees in charge of the WISE digital investment platform, with the aim of providing market updates, and enhancing their capabilities and skills to professionally manage the portfolios of clients and potential investors. This is also meant to provide employees with the right tools, to help clients achieve their financial goals and grow their wealth within the specified time period.

To celebrate the successful completion of the Boston and Minneapolis Properties Portfolio , the Investments Group held a recognition ceremony to award the team who made this achievement possible with the Investment Placement Award.

October 2023

Gulf Bank obtained the approval of the Central Bank of Kuwait and the Capital Market Authority to increase its issued and paid-up capital by KD 26.1 million through a public offering, with rights issue of 260,869,565 new ordinary shares at a nominal value of 100 fils, in addition to a share premium of 130 fils per share, for a total offering price of 230 fils per share. The total proceeds will result in an increase in the Bank’s capital base by KD 60 million.

Gulf Bank appointed Kamco Invest as the Joint Lead Issuance Manager and Subscription Agent and Gulf Bank itself is also acting as the Joint Lead Issuance Manager and Subscription Agent and was facilitated by Gulf Capital Investment Company “InvestGB”.

Gulf Capital Investment Company InvestGB’s team involvement in this capital increase is a pivotal milestone in solidifying its position at this stage.

November 2023

Gulf Bank announced the completion of the subscription period of the Bank’s capital increase through rights issue successfully, with a 686.3% subscription coverage, totaling KD411.8 million in comparison to issuance size of KD60 million.

Gulf Bank has obtained the approval of the Capital Markets Authority to license Gulf Capital Investment Company, known as InvestGB. This entity is granted authorization to engage in securities activities, functioning as an investment portfolio manager, investment advisor, custodian, investment controller, collective investment scheme manager, subscription agent, and securities broker not registered in the stock exchange.

In line with its commitment to foster national talents in leadership roles, the Capital Markets Authority has approved the appointment of Mr. Hani Al Awadhi as the CEO of Gulf Capital Investment Company (InvestGB). Mr. Al Awadhi brings over 20 years of experience in both local and international investments.

August 2024

Mr. Hani AlAwadhi appointed as CEO of Gulf Capital Investment Company “InvestGB”.

September 2024

Gulf Capital Investment Company “InvestGB” and Investcorp Announce Strategic Partnership to Offer Investment Opportunities.

 

 

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