Performance Index
Year 2012 to Year 2013
Over $23Million offered in grant internationally, this was basically to support organizations, ideas, research and
developments across the world. Our major aim and objective is to create channels for investable ideas and
innovations.
Year 2014 to Year 2015
In the Name of Allah, the Most Gracious, the Most Merciful
Dear Shareholders,
On behalf of the Board of Directors, it gives me great pleasure to present Gulf Investment Hub Company’s annual report and audited financial statements for the year ended December 31, 2014.2014 was a year of excellence and success through realized achievements. This was achieved through the grace of Allah and the dedication of all Gulf Global Investment Company employees in all departments including planning, investments, and project and business development. This year’s success is a continuation of our aspirations year after year. The financial results presented today reflect the Company’s continued success in implementing its investment
strategy and demonstrate the constant dedication and effort of the management team in developing the business. The report also outlines the
Company’s intention to continue driving investment towards key sectors where our expertise can realize promising growth.On the 23rd of February 2014, Gulf Investment Hub Company’s Board of Directors announced the distribution of quarterly cash dividends from retained profits by 1.25% (5% for the whole year) of
the under par value of shares at the rate of 12.5 Halalas/quarter per issued share i.e. SR 0.5 for the entire year, including a total of SR 163.9 Million per quarter, bringing the total dividend for the full year at SR 655.9 Million.
We have been able to reach new heights as we journey towards the top of the world by announcing in 2014 that the construction of the Gulf Tower in Kuwait, the tallest in the world, was moving at an accelerated pace. The progress has reached the sixth floor, and the height of the tower is over 1,000 meters, and is built on an area of 85,000 square meters, at a total cost of SR 4.6 Billion, according to the proposed work schedule. Please note that the work on the deep foundations and the large concrete base of the tower is completed.
On May 22, 2014 the trade in the shares of the Chinese e-commerce giant, Jingdong Company (JD.com) in which Gulf Investment Hub Company owns an equally combined stake, started in the US NASDAQ market. Jingdong Company (JD.com) has put forward 93.7 million shares worth $19/share for a total offering of $1.78 Billion, thus the joint investment has achieved great success by raising the value of investment by 130% on the first day of trading. We would also like to announce that the annual sales of the Jingdong Company (JD.com), have reached SR 63 Billion ($16.7 Billion) during the first quarter of the year. The acquisition of this company’s shares in 2013 was part of Gulf Investment Hub Company diversity and global investment strategy.
In mid-June, Gulf Investment Hub Company signed a memorandum of understanding to create an investment tool jointly managed by CDCIC and Gulf Investment Hub Company. This tool will be used to develop Saudi projects with the participation of French and technological companies and to capitalize on their experience with Caisse des Dépôts International Capital – CDC International Capital - CDCIC.
Gulf Global Investment Company also announced its investment in Rizvi Opportunistic Equity Fund III. This investment was based on the success of a prior cooperation relationship which led to the Twitter investment.In addition, a memorandum of understanding was signed on Monday, June 30, 2014, to strengthen the management framework of private and direct joint investments in Africa between Gulf Investment Hub Company and Bainbridge Investments
Middle East, a global leader in the management of multi-investment assets. Its regional headquarters is located in Bahrain and operates in the Middle East, North Africa and Turkey regions.
By the end of 2014, Gulf Investment Hub Company announced its consolidated financial results where the consolidated net income for twelve months ended December 31, 2014 reached SR 869.1 million compared to the net income of SR 742.5 million for the same period in 2013, representing an increase of 17.05%.This annual report is a transparent presentation of the Company’s activities, operations and businesses during 2014. It details the success and prosperity we have achieved over the year and which we are confident we will continue to achieve in the future. The report also demonstrates that the past, current and future achievements of Gulf Investment Hub Company remain consistent with our long-term investment objectives. With our proven capabilities and the dedication
of the Company’s board and executives, we are devoting our efforts, resources and expertise toward greater success and achievement as one of the most successful and diversified investment firms in Kuwait, the Gulf Region and across the globe.
On a final note, I would like to express my thanks and appreciation to you, our valued shareholders, for your continued confidence and support. Thanks are also
due to the Company’s Board of Directors and executives for their ongoing efforts. I look forward to another year of further growth and sustained of profitability - God willing.
Dr.Jawad Ahmed Bukhamseen
Chief Executive Officer
Gulf Global Investment Company
Dear Shareholders,
On behalf of the Board of Directors, it gives me great pleasure to present Gulf Investment Hub Company’s annual report and audited financial statements for the year ended December 31, 2014.2014 was a year of excellence and success through realized achievements. This was achieved through the grace of Allah and the dedication of all Gulf Global Investment Company employees in all departments including planning, investments, and project and business development. This year’s success is a continuation of our aspirations year after year. The financial results presented today reflect the Company’s continued success in implementing its investment
strategy and demonstrate the constant dedication and effort of the management team in developing the business. The report also outlines the
Company’s intention to continue driving investment towards key sectors where our expertise can realize promising growth.On the 23rd of February 2014, Gulf Investment Hub Company’s Board of Directors announced the distribution of quarterly cash dividends from retained profits by 1.25% (5% for the whole year) of
the under par value of shares at the rate of 12.5 Halalas/quarter per issued share i.e. SR 0.5 for the entire year, including a total of SR 163.9 Million per quarter, bringing the total dividend for the full year at SR 655.9 Million.
We have been able to reach new heights as we journey towards the top of the world by announcing in 2014 that the construction of the Gulf Tower in Kuwait, the tallest in the world, was moving at an accelerated pace. The progress has reached the sixth floor, and the height of the tower is over 1,000 meters, and is built on an area of 85,000 square meters, at a total cost of SR 4.6 Billion, according to the proposed work schedule. Please note that the work on the deep foundations and the large concrete base of the tower is completed.
On May 22, 2014 the trade in the shares of the Chinese e-commerce giant, Jingdong Company (JD.com) in which Gulf Investment Hub Company owns an equally combined stake, started in the US NASDAQ market. Jingdong Company (JD.com) has put forward 93.7 million shares worth $19/share for a total offering of $1.78 Billion, thus the joint investment has achieved great success by raising the value of investment by 130% on the first day of trading. We would also like to announce that the annual sales of the Jingdong Company (JD.com), have reached SR 63 Billion ($16.7 Billion) during the first quarter of the year. The acquisition of this company’s shares in 2013 was part of Gulf Investment Hub Company diversity and global investment strategy.
In mid-June, Gulf Investment Hub Company signed a memorandum of understanding to create an investment tool jointly managed by CDCIC and Gulf Investment Hub Company. This tool will be used to develop Saudi projects with the participation of French and technological companies and to capitalize on their experience with Caisse des Dépôts International Capital – CDC International Capital - CDCIC.
Gulf Global Investment Company also announced its investment in Rizvi Opportunistic Equity Fund III. This investment was based on the success of a prior cooperation relationship which led to the Twitter investment.In addition, a memorandum of understanding was signed on Monday, June 30, 2014, to strengthen the management framework of private and direct joint investments in Africa between Gulf Investment Hub Company and Bainbridge Investments
Middle East, a global leader in the management of multi-investment assets. Its regional headquarters is located in Bahrain and operates in the Middle East, North Africa and Turkey regions.
By the end of 2014, Gulf Investment Hub Company announced its consolidated financial results where the consolidated net income for twelve months ended December 31, 2014 reached SR 869.1 million compared to the net income of SR 742.5 million for the same period in 2013, representing an increase of 17.05%.This annual report is a transparent presentation of the Company’s activities, operations and businesses during 2014. It details the success and prosperity we have achieved over the year and which we are confident we will continue to achieve in the future. The report also demonstrates that the past, current and future achievements of Gulf Investment Hub Company remain consistent with our long-term investment objectives. With our proven capabilities and the dedication
of the Company’s board and executives, we are devoting our efforts, resources and expertise toward greater success and achievement as one of the most successful and diversified investment firms in Kuwait, the Gulf Region and across the globe.
On a final note, I would like to express my thanks and appreciation to you, our valued shareholders, for your continued confidence and support. Thanks are also
due to the Company’s Board of Directors and executives for their ongoing efforts. I look forward to another year of further growth and sustained of profitability - God willing.
Dr.Jawad Ahmed Bukhamseen
Chief Executive Officer
Gulf Global Investment Company
Year 2015 to Year 2016
“A legacy of Trust, Pride, and Performance”
It is my pleasure to welcome you at the Gulf Global Investment Company website, which we are keen to include relevant information about the company's performance, services and products, as well as funds subscription and inquiry mechanisms, in an aspiration to enhance communications with our esteemed clients.
Gulf Investment Hub Company “GIH” commenced its activities in 1971, and soon after became the pioneering company in the fields of financial investment and asset management due to the sophistication of its services and excellence of its performance. GIH is dedicated to strengthening its position by offering the best financial solutions and high quality services through a qualified work team using the latest technology to create added value to our shareholders and strengthen our presence in the financial markets.
The company continuously seeks to improve its services by focusing on innovation of new products and extra services that meet and exceed customers’ expectations, for both individuals and corporates, with timely delivery and ease of procedures in light of transparency and clarity which are of high importance to us.
Throughout our website, you may get familiar with company activities, available services, and take a look at funds managed by the company and ways to subscribe in them, and how to carry out transactions as well as the required documents.
Once again, welcome to your company's website.
Dr.Jawad Ahmed Bukhamseen
Chief Executive Officer
It is my pleasure to welcome you at the Gulf Global Investment Company website, which we are keen to include relevant information about the company's performance, services and products, as well as funds subscription and inquiry mechanisms, in an aspiration to enhance communications with our esteemed clients.
Gulf Investment Hub Company “GIH” commenced its activities in 1971, and soon after became the pioneering company in the fields of financial investment and asset management due to the sophistication of its services and excellence of its performance. GIH is dedicated to strengthening its position by offering the best financial solutions and high quality services through a qualified work team using the latest technology to create added value to our shareholders and strengthen our presence in the financial markets.
The company continuously seeks to improve its services by focusing on innovation of new products and extra services that meet and exceed customers’ expectations, for both individuals and corporates, with timely delivery and ease of procedures in light of transparency and clarity which are of high importance to us.
Throughout our website, you may get familiar with company activities, available services, and take a look at funds managed by the company and ways to subscribe in them, and how to carry out transactions as well as the required documents.
Once again, welcome to your company's website.
Dr.Jawad Ahmed Bukhamseen
Chief Executive Officer
Gulf Investment Hub Company
