Established in 1976 by Bukhameseen Holding, Al-Arabiya Real Estate Company’s imprint on the residential, commercial and hospitality sectors is widely evident. Over three decades, Al-Arabiya has grown from a local enterprise to a regional shareholding conglomerate, with a diversified equity portfolio in excess of $260 million.
The company’s track record in real estate is quite notable. Since inception, it has delivered numerous apartments, office buildings and hotels that can now be seen across Kuwait and the wider Gulf region. Among these are landmark projects such as Holiday Inn Kuwait and Sharjah Rotana.
Archives: companies
Ritaj Takaful Insurance Company
The Ritaj Takaful Insurance Company (RTIC) was established in 2004 by Warba Insurance Company. RTIC’s remit is to provide the very best quality service in the Shariah-compliant takaful insurance market in Kuwait and other GCC countries. The company began in medical-related insurance as Kuwait’s first such provider, but has now grown to underwrite all classes of insurance, reinsurance and related investment activities that support takaful principles. It was the first insurance company in Kuwait to be awarded the ISO 9001:2000 Certificate of Quality Management.
Warba Insurance & Reinsurance
Established in 1976, with Kuwaiti heritage and values firmly at heart, Warba Insurance & reinsurance Company is now one of the largest and most respected insurance providers and insurance underwriters in the country. Chaired by Anwar Jawad Bukhamseen since 2010, the company offers a comprehensive range of products, under both life and non-life lines of business such as marine, motor, and medical. Warba prides itself on employing the highest number of insurance professionals in the Gulf, and on delivering the highest standards and quality of service, with its personalized attention to clients’ needs as a key differentiator.
CreditOne Kuwait Holding Company
CreditOne was established in 2005 as a Shariah-compliant financing company, offering rapid and reliable solutions to the automotive, logistics and construction sectors.
From car financing, on its start-up, CreditOne has developed over the years into a credit provider for other economic sectors, and further expanded into traditionally under-serviced segments of the insurance industry, such as insurance on heavy equipment in the construction sector.
Arab Investment Company
The Arab Investment Company (AIC), a knowledge-based financial asset manager and advisory services provider, was established in 2006 as the investment arm of Bukhamseen Holding. To date, it continues its essential role in the Group’s activities, but has also achieved wide recognition at the service of the financial community at large, with assets under management in excess of $1 billion invested globally and regionally.
An award-winning corporate finance practice, AIC’s value proposition rests on its unique Performance Management System architecture, focused on achieving medium and long-term growth in invested value, realising profitability of investments, achieving leadership in well-defined niches and pursuing development and research in investment solutions and products. Its Board of Directors has been Chaired by Raed Bukhamseen since 2013.
EG Bank
Headquartered in Egypt, Egyptian Gulf Bank (EGB) was founded by Bukhamseen Holding in 1981 as a joint venture between the Egyptian and GCC banking industries. Raed Bukhamseen currently
sits on the bank’s Board of Directors. Named 2016’s ‘Fastest Growing Bank in Egypt’ by The Arab Banks Awards & Commendations of Excellence, EGB aims to be a leading sustainable bank, prioritising a positive impact on the environment, economy and society in everything it does. EGB’s services cover the full range of retail, corporate, prime and Islamic banking, and also include a sub-brand MINT, aimed at the youth segment.
FIRST ABU DHABI BANK
Headquartered in Abu Dhabi, United Arab Emirates (UAE), First Abu Dhabi Bank was created in 2016 by the merger of National Bank of Abu Dhabi and First Gulf Bank – the latter having been co-established in 1979 by Jawad Ahmed Bukhamseen, Founder and Chairman of Bukhamseen Holding. The newly created bank has assets in excess of $182 billion,making it a true global player and the UAE’s largest bank – as well as the second-largest in the Middle East by assets, behind Qatar National Bank.
Qatar First Bank
The first independent Shariah-compliant financial institution to be regulated by the Qatar Financial Centre Regulatory Authority, Qatar First Bank (QFB) was originally founded in 2009 as Qatar First Investment Bank, before re branding in 2013. Today QFB provides the full range of Shariah-compliant products and services, including alternative investments focused on private equity and real estate, private banking and wealth management, corporate and institutional banking, as well as treasury and investments. In keeping with QFB’s ambition to become a leading global player in the Islamic banking sector, its clientele – individuals, corporate and institutions – includes those within Qatar and those seeking a gateway into the country.
KUWAIT INTERNATIONAL BANK
Formerly known as Kuwait Real Estate Bank, the award-winning Kuwait International Bank (KIB) was co-established by Bukhamseen Holding’s founder and chairman in 1973. As a successful Islamic bank, KIB’s offerings span all Shariah-compliant financial services, including personal and corporate banking, murabaha, ijara muntahia bittamleek, istisna’a, tawarruq, wakala and other products. It operates a prolific network of over two dozen branches and nearly 100 ATMs across Kuwait. KIB maintains a staunch commitment to operational excellence and outstanding service, which is mirrored in the bank’s long-term issuer default rating of A+ from Fitch Ratings, one of the world’s ‘big three’ credit rating agencies.