Shareholders







Aref Investment Group (“AREF”) is a Kuwait-based public-listed company registered with the Central Bank of Kuwait ("CBK") as an investment company, and is subject to CBK’s rules and regulations. AREF was established in 1975 with a share capital of approximately KD44 million (USD153 million), and is considered to be amongst the leading investment institutions in the region focusing investments in various sectors and activities. The major shareholder in AREF is Kuwait Finance House (“KFH”), owning 53.08%.

http://www.arefgroup.com/







Kuwait Investment Company ("KIC") was founded in 1961 as the first Kuwaiti shareholding entity specializing in short and long-term investment activities. Over the years, KIC established a solid reputation as one of the leading investment companies in Kuwait with strong access to regional and international markets. Consequently, it has developed strong relationships with renowned financial institutions throughout the globe.

http://www.kic.com.kw/







Sokouk Holding Company (“Sokouk”) was founded in 1998, seeking to position itself as a leader in the region’s growing real estate investment market with a far-reaching global vision. As a closed shareholding company in Kuwait, they draw from diversified capital strength with a paid-up capital of KD30 million, or nearly USD 100,000,000. The principle activity of Sokouk is to invest and trade in the real estate sector through a well-structured matrix of companies and alliances. AREF Investment Group is the major shareholder with a 48.87% stake.






Qatar Islamic Bank (“QIB”) is the oldest Islamic bank in Qatar established in 1982. QIB is a leading, innovative and global Islamic bank adhering to the highest Shari’a and ethical principles; meeting international banking standards, partnering the development of the global economy and participating in the advancement of the society. QIB has a total asset of QR21.336 billion (USD6 billion) and Shareholders Equity of QR4.629 billion (USD1.29 billion) as at Dec 2007.

http://www.qib.com.qa/






Islamic Corporation for the Development of the Private Sector (“ICD”) is an independent international multilateral financial institution created for the development of its Member Countries through investments in the private sector and providing financial services to that private-sector entity. ICD is a subsidiary of the Islamic Development Bank (“IDB”). The present membership of IDB consists of 56 countries, with an authorized capital of 30 billion dinars and the subscribed capital of 15 billion dinars. IDB has its principal office in Jeddah in the Kingdom of Saudi Arabia, three regional offices in Morocco, Malaysia and Kazakhstan and field representatives in Indonesia, Iran, Libya, Pakistan, Senegal, Sudan, Gambia, Guinea Bissau, Mauritania and Algeria.

http://www.isdb.org/







International Leasing & Investment Company (“ILIC”) is a Kuwait-based, public-listed company registered with the CBK as an investment company, and is subject to CBK’s rules and regulations. ILIC was incorporated in 1999, principally engaged in leasing and investment activities, and management, consulting and advisory services. All activities of ILIC are carried out in compliance with Islamic Sharia’ principles. ILIC has a paid-up capital of USD86.24 million and is majority-owned by Al-Abraaj Holding (30.05%) and the Islamic Development Bank (“IDB”) (28.00%).

http://www.ilic.net/
© 2010 Elaf Bank, All Rights Reserved. | Site map | Disclaimer | Last modified on 14/07/2010