Suha Sheikh

KFIC for Financing Services Company

Kuwait Finance & Investment Company (KFIC), is one of the leading financing and investment Companies in the region. It was initially established on April 15th 2000, as a Kuwaiti Shareholding Company, primarily operating in the financial services sector. On July 28th 2003 KFIC was listed on the "Kuwait Stock Exchange". Soon after, in 2004, KFIC broadened its organizational structure and strategy to include more services such as asset management, direct investments and investment consulting services. During the 2008 economic meltdown, KFIC underwent some difficulties and faced the repercussions of the global crisis. However, KFIC established a restructuring plan to build a robust business strategy. With the support of lenders and shareholders who believed in the company's future prospects, KFIC was able to strengthen its business strategy and rebuild its reputation, thus enabling KFIC to have adequate liquidity and stability, not to fall a day behind to repay its debt as per the repayment plan. In 2012 not only the debt crisis was over, but KFIC was able to reestablish its image as a premier financial and investment institution in a post-crisis world. On the 1st of December 2021, the Financing Services Division spin-off from the parent company "Kuwait Finance & Investment Company" and converted into a Kuwaiti shareholding company under the name "KFIC for Financing Services Company".