ADEEM Investment Company has succeeded in positioning itself among leading investment and Islamic financial
companies in Kuwait.
Although the company is still young in Kuwait, it has earned investors trust. It has positioned itself as private entity in the local market and strengthened its position with the ability to create and introduce investment and Islamic finance tools among which are “ADEEM Convertible Sukuk” that was registered as a patented invention & intellectual property, under the company name in the United States of America.
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Although the company is still young in Kuwait, it has earned investors trust. It has positioned itself as private entity in the local market and strengthened its position with the ability to create and introduce investment and Islamic finance tools among which are “ADEEM Convertible Sukuk” that was registered as a patented invention & intellectual property, under the company name in the United States of America. The company owes its success to its highly qualified team who has a longstanding experience in investment field & back up of its extensive network and relations of its partners.
ADEEM’s strategy is based on diversifying investments, sectorally and regionally, in order to minimize risks. The company aspires to play a key role in regional markets by tackling new promising ones. It has taken the first step towards achieving this target by opening a branch in Bahrain and is embarking upon opening another in UAE in near future.
ADEEM was previously Al Diwan Holding which was totally restructured. ADEEM Investment was born after increasing the capital in May 2005 to around KD 15 million (USD 51 million). The company has a license from Kuwait Central Bank to manage others’ assets and another one from the Ministry of Commerce as an investment company. The young age of ADEEM didn’t affect the innovation of a comprehensive Islamic investment company; on the opposite, it has succeeded by all means, in positioning itself among leading investment companies in Kuwait.
ADEEM’s achievements in 2005 have paved the way to increase its capital to around KD 50 million ( USD 170 million) plowing back its profits. The main drive behind this increase was its success in M&A activities such as Credit Rating & Collection Co (CRC) for the account of The Investment Dar (TID) and Gulf Craft Inc (GCI) for the account of REHAL.. Private Equity placement activities also played a key role such as the co-placement of OQYANA and Stehwaz as the two biggest private placements in the Gulf region was itself a major asset in this achievement.
Increasing ADEEM’s capital comes to support the expansion dimensions of the company toward emerging and promising markets. It reflects as well the confidence of investors and shareholders in its ability to boost investment’s activities.
The company has exerted remarkable efforts in concentrating its activities in the core of direct investment, either through participating in physical companies or by launching investments’ funds and tools; It has always benefited in this regards, from the rich diversification of sectors given by its partners.
OQYANA is one of the leading projects that ADEEM was active in. The project is embedded in World’s Islands project in U.A.E. it emphasizes company’s strategy that aims at developing giant projects. The project gathers 20 islands with a total space of around 420.000 square meters. It offers 2000 residential units among which are villas, houses, hotels and health resort that is additional to a Marina of 1500 boats capacity. It’s considered as unique among others in World’s Islands; it provides all comprehensive services and residential areas. The total project’s cost reaches 4 billion dollars. Adeem is currently preparing to issue Sukuk of One billion dollars value to be invested in project’s developments.
ADEEM has as well contributed in selling and marketing around 80% of Stehwaz holding capital, of 800 million dollars value. It targeted out to gather strategic investors. Stehwaz is classified among few other companies in local and regional markets, as specialized in possessing and merging promising companies; those that are qualified to be listed in stock markets. ADEEM has played the consultant role upon listing CRC after it was bought for Al Dar, where its stocks were listed in KSE after the full restructure and capital’s increase of the company.
ADEEM’s strategy is based on expanding toward promising and emerging markets to benefit from the growth in these markets and to diversify risks at the same time. The company has established a branch in Bahrain which is considered as strategic hub for launching more investment tools funds’ management services. ADEEM is also stepping forward toward UAE market; where soon it will open a representative office in DIFC with the intention of participating and investing in several financial companies. The company has previously succeeded in possessing 45% of Gulf Craft for REHAL Logistics.
As for the European markets, the company has arranged several deals in different sectors for the benefit of Kuwaiti clients. It has acted as a pass- gate for gulf investments toward European market especially in London. The company will work on opening a representative office in London that would pave the way for the company expansion in Europe Markets .the company had bought Grosvenor House Apartments Ltd. Which owns the Grosvenor House Apt-Hotel in London's Park Lane, Currently the company is preparing to manage an international issue for Sukuk for 300 million dollars for the sake of a regional company in coordination with one of international investments’ houses.