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Coast Investment & Development Co. K.S.C.P.
Asaad Ahmed Omran Al Banwan leads Coast Investment & Development, a 1975-founded, Kuwait-listed asset manager that generated KD 2.6M net profit in 2023.
Coast Investment & Development Co. K.S.C.P.
Coast Investment & Development Co. K.S.C.P. is a private equity firm based in Safat, Kuwait. It focuses on buyout investments and manages approximately $95.57 million in assets.
General information
Firm type
Private Equity
Year founded
1975
AUM
Undisclosed
Location
Region
Middle East
Country
Kuwait
City
Kuwait City
Corporate office
Sharq, Al Shuhada Street, Al Asima Governate, Kuwait City, Kuwait
Principals
Asaad Ahmed Omran Al Banwan
Vice Chairman & CEO
Basim Abdulla Mohammed Al Othman
Chairman
Abdul Wahab Mohammed Ali Al Wazzan
Director
Ayad Abdulla Ahmed Al Sumait
Director
Osama Abdullah Khaled Al-Ayoub
Director
Jasem Al-Zaid
SVP - Asset Management Group
Omar Zaghloul
AVP – Direct Investment Department
Mohammed Hijazi
VP - Real Estate Department
Sector focus
Frequently asked questions
Who runs investment decisions at Coast Investment & Development?
Vice Chairman and CEO Asaad Ahmed Omran Al Banwan runs day-to-day management, with oversight from Chairman Basim Abdulla Mohammed Al Othman and the board. The asset management group is led by SVP Jasem Al-Zaid, and direct investments are managed by AVP Omar Zaghloul, per the firm's website.
Is Coast structured as a family office or an asset manager?
Coast is a publicly listed asset manager on Boursa Kuwait since 1989, not a family office. It manages proprietary capital, third-party client portfolios, and offers brokerage services through its eTrade platform, with no single-family wealth origin.
What investment stages does Coast typically target?
Coast's private equity activity spans buyout, growth, management buy-in/out, restructuring, pre-IPO, and spin-off transactions, per its disclosed strategy. The firm also invests in real estate and global VC funds.
Does Coast participate in fund commitments or only direct deals?
Coast employs both strategies. It makes direct investments, including in German private equity and real estate, and commits to global private equity and VC funds as part of its international diversification, as noted in the 2023 chairman's statement.
Where does Coast's investment capital come from?
Capital comes from retained corporate earnings, listed equity, client assets under management, and its paid-up capital of KWD 46.5 million ($155 million). The firm reports being debt-free, with no external borrowing in its capital structure.
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