PRESS RELEASE
FEATURED NEWS
The Gulf Investment Corporation (GIC) announced its financial results for the fiscal year ended December 31, 2023, which showed net profits of $203 million. This announcement follows the approval of the corporation’s financial statements by the AGM, which was held on Sunday, April 21st, 2024, at the GIC’s headquarter in the State of Kuwait […]
OTHER NEWS
Moody’s Upgrades GIC’s BFSR to D, reaffirms Baa2/Prime-2
The Gulf Investment Corporation (GIC) announced today that Moody’s Credit Rating Agency upgraded its stand-alone...
GIC Expands its Investments in the Iron & Steel industry in the GCC region
Gulf United Steel Holding Company (“Foulath”), a leading global steel investment vehicle and the world’s first fully...
GIC announces the appointment of Dr. Russell Read as Deputy CEO and Chief Investment Officer
GIC announces the appointment of Dr. Russell Read as Deputy CEO and Chief Investment Officer 24th Aug 2011: The Gulf...
GIC Profit Grew by 66% to USD 151 million
The Gulf Investment Corporation (GIC) announced a 66% percent increase in profit for the year 2010. Net income grew to...
Positive Action by Moody’s on GIC’s Credit Rating
On 6th July 2010, Moody's upgraded the Outlook on Gulf Investment Corporation's credit rating to Stable from Negative,...
Crown Prince Inaugurates FOULATH’s US$ 3.5b Bahrain Steel
Under the patronage of His Royal Highness Prince Salman Bin Hamad Al Khalifa, Crown Prince and Chairman of the...