Al-Yousifi Group Steps into Kuwait’s Construction Projects, Providing Air Conditioning and Firefighting
Al-Yousifi Group would like to push the air conditioning and firefighting sector as there is a large market for construction in Kuwait.
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Al-Yousifi Group would like to push the air conditioning and firefighting sector as there is a large market for construction in Kuwait.
According to the Equity Markets Quarterly Review by Kuwait Finance and Investment Company (KFIC), GCC equities, as indicated by the MSCI GCC IMI index, fell by -1.3% QTD in Q1 2017. Bahrain’s BB All Share index was the top performing GCC index, followed by impressive quarterly performance from Kuwait’s Weighted Index.
Kuwait Finance and Investment Company (KFIC) notably attained a 211 thousand KD net profit in the 2016 financial year.
The aim of the newly-established Faith Capital Holding is to grow local businesses into GGC businesses that have branches across the six countries in the Gulf, by the means of ethical business.
“We started operations in 1992, and have been running for 25 years. We provide a combination of government contracts, private camps, and full life support for clients, which includes housing, laundry, catering, housekeeping, as well as occasional transportation.”
“With the vision of His Highness the Emir, quite a long time ago Kuwait started to pay a lot of attention to the youth and tried to help them get on the path to be a positive power in society instead of a destructive power in society. Mainly through the Amiri Diwan, we started to be catalysts for many projects.”
Mezzan Holding’s key strength is in food manufacturing and distribution. Mezzan’s current focus is on strengthening their food manufacturing and distribution footprint in the GCC.
“KAPICO is the leader in the aftermarket sector today. From the beginning, the Group have built up a good infrastructure and a good warehouse to supply regionally, not only to the GCC but also into the MENA. KAPICO was the first supplier of aftermarket spare parts in the region.”
Kuwait Finance and Investment Company (KFIC) is providing portfolios and fund management and currently manages approximately USD 1 billion of assets and funds. KFIC also offers investment banking services and unique structured products that fit clients’ risk appetite.
“Orchid Real Estate specializes in buying and selling buildings within Kuwait and internationally. We buy buildings, renovate them, and then prepare them for resale. Once touched by us, the buildings’ value increases (often double) and this is where our speciality lies.”