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First Investment Company
First Investment Company was established in 1997 as a Kuwaiti public shareholding company and listed on the Kuwait Stock Exchange in 2001.
First Investment Company
First Investment Company was established in 1997 as a Kuwaiti public shareholding company and listed on the Kuwait Stock Exchange in 2001. Founded and chaired by Bader Mohammed Al-Qattan, the firm operates under a Sharia-compliant mandate across asset management and investment advisory services in Kuwait and neighboring GCC markets. FIC's deployment spans listed equities, direct real estate, and private consortium co-investments. The firm holds a stake in Boursa Kuwait alongside co-investors National Investments Company and Arzan Financial Group. Its real estate portfolio includes the Arkan Al-Kuwait Real Estate Portfolio in the local commercial sector and the Dhofar Beach Resort Project, a mixed-use development in Dhofar, Oman. The strategy is balanced and growth-oriented, with publicly confirmed positions concentrated in financial infrastructure and Gulf real assets. FIC maintains active membership in the Union of Investment Companies, Kuwait's primary investment industry association. The firm has a historical financing relationship with Kuwait Finance House for debt restructuring. The company's corporate structure includes a Shari'a Board overseeing compliance, operating from its headquarters in Kuwait City. Structurally, FIC blends a public-shareholding model with Islamic investment principles and a consortium approach to key domestic infrastructure — its Boursa Kuwait stake was assembled through a co-investment structure with local financial peers rather than as a passive portfolio allocation, making its posture distinct among Kuwaiti listed asset managers.
General information
Firm type
Generalist
Year founded
1997
AUM
Undisclosed
Location
Region
Middle East
Country
Kuwait
City
Kuwait City
Corporate office
Kuwait City, Kuwait
Principals
Bader Mohammed Al-Qattan
Chairman of the Board
Sector focus
Frequently asked questions
Who runs investment decisions at First Investment Company?
Investment oversight is led by the Board of Directors under Chairman Bader Mohammed Al-Qattan. The firm's executive management team handles day-to-day advisory and asset management activities, with a Shari'a Board ensuring compliance with Islamic principles across all investment decisions.
Is First Investment Company structured as a single family office or a public asset manager?
First Investment Company is a Kuwaiti public shareholding company listed on the Kuwait Stock Exchange since 2001. It operates as a regulated asset manager with KWD 44.6 million in paid-up capital, not as a family office.
Does First Investment Company participate in fund commitments or only direct deals?
FIC engages primarily in direct holdings across listed equities, real estate, and co-investment consortia. Its stake in Boursa Kuwait was assembled through a direct consortium structure alongside National Investments Company and Arzan Financial Group, not through fund commitments.
Which sectors does First Investment Company explicitly avoid?
As a Sharia-compliant firm, FIC excludes sectors such as conventional financial services involving interest, alcohol, gambling, and other activities prohibited under Islamic law. The firm's Shari'a Board reviews all investments to ensure ongoing compliance.
How is First Investment Company related to Kuwait Finance House?
Kuwait Finance House has served as a historical financing and debt restructuring partner to FIC, based on prior business dealings. The relationship is operational and advisory rather than one of common ownership.
Does First Investment Company maintain philanthropic structures?
FIC is connected to the Kuwait Foundation for the Advancement of Sciences as part of its broader institutional affiliations. Details on the specific separation or governance of philanthropic activities are not publicly disclosed beyond this institutional link.
What is First Investment Company's known posture on co-investments alongside external partners?
The firm uses co-investment structures for significant domestic assets — its Boursa Kuwait stake involved partnerships with National Investments Company and Arzan Financial Group. This suggests a willingness to align with local institutional peers on strategic infrastructure holdings.
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