Brief on Kuwait Investment Company
Kuwait Investment Company (KIC) was established in 1961 as the first investment company in Kuwait and the region; its creation came in the context of the comprehensive rising and development that the State of Kuwait witnessed in the second half of the Twentieth Century in all aspects of life. KIC played from its inception a vital role in supporting the economy of the State of Kuwait locally and regionally, as one of the pioneering national companies on both the local and regional levels.
The establishment of KIC in the early sixty's of last century with the independence of Kuwait in the same year came to represent an early vision of the political and economic leadership of the importance of supporting the economic development process in the country. In recognition of the role the Kuwait Investment Company was entrusted with since its creation, KIC sought and was successful to a large extent in setting and implementing new standards for the emerging investment industry in Kuwait at the time, thus becoming a role model in the establishment and management of financial institutions on a sophisticated basis in line with the spirit of the times and implements the highest international professional standards. Consequently, Kuwait Investment Company was listed as one of the pioneering companies that have contributed to building the national economy and added momentum to its development.
Over more than half a century of its existence, KIC laid down traditions and methodologies that left a unique mark on the investment industry locally and regionally. KIC established a track record of success over the past years, prevailing over a lot of crises and difficult circumstances experienced by the national economy over the past fifty years, drawing on the solid foundations it established, which gave it flexibility in the face of crises and enabled it to overcome it so ably, thus keeping base with the development of the national economy, growing with it, influencing it and influenced by it.
Since its establishment, KIC achieved remarkable paradigm steps in its performance, especially with the adoption of its new strategic plan in 2013, and the implementation of it in 2014, which contributed and shall contribute over the coming years to the rise of its performance into new record levels, in the context of its focus on enhancing profitability indicators and shareholders equity and risks reduction.
KIC engages in a wide range of investment and financial activities, based on asset management through a variety of local, regional, and international funds and portfolios, in addition to providing a diverse and integral set of investment and financial products and services, local and global, to its local and international clients.
KIC offers these premium investment and financial products and services through specialized teams that possess a high level of professionalism and long experience in such fields, and aims to attain the best operational results for the shareholders and clients.
Kuwait Investment Company, last updated on
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category. It was added to Kuwait Directory Rinnoo.net
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