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About the company
Gulf Investment Fund plc (the Fund) is an Isle of Man-based closed-ended investment company, which focuses on Gulf Co-operation Council (GCC) countries. The Gulf Cooperation Council region comprises: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The Fund’s investment objective is to capture the opportunities for growth offered by the expanding GCC economies by investing, through its wholly owned subsidiary, in listed or soon to be listed companies on one of the GCC exchanges. The Fund invests in industries such as energy, industrials, financials, healthcare, real estate, among others. Its holdings comprise Qatar Gas Transport, Qatar Navigation, Saudi National Bank, Middle East Healthcare Company, Integrated Holding Company, among others. The Fund’s investment advisor is Qatar Insurance Company S.A.Q. Its subsidiary is Epicure Qatar Opportunities Holdings Limited.
- Revenue in USD (TTM)26.90m
- Net income in USD25.21m
- Incorporated2007
- Employees0.00
- LocationGulf Investment Fund plc54-62 Athol StreetDOUGLAS IM1 1JDIsle of ManIMN
- Websitehttps://www.gulfinvestmentfundplc.com/
Profile
| Management group(s) | Qatar Insurance Company SAQ |
|---|---|
| AIC sector | Global Emerging Markets |
| ISIN | IM00B1Z40704 |
| Launch date | 31 Jul 2007 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | USD |
Objective
To capture the opportunities for growth offered by the expanding GCC economies by investing in listed companies on one of the GCC exchanges or companies soon to be listed on one of the GCC exchanges. The Company applies a top-down screening process to identify those sectors which should most benefit from sector growth trends. Fundamental industry and company analysis, rather than benchmarking, forms the basis of both stock selection and portfolio construction.
Managed by
| Bijoy Joy |
|---|
Management & contract fees
Annual management fee 0.8% NAV, payable quarterly in arrears. Contract terminable on notice period of 12 months.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Livermore Investments Group Ltd | 17.38m | 13.89m |
| Barings Emerging Emea Opportunities PLC | 16.05m | 14.21m |
| Logistics Development Group PLC | 0.00 | -10.61m |
| Triple Point Venture VCT PLC | 1.25m | -1.04m |
| Life Settlement Assets PLC | 13.97m | 4.30m |
| Maven Income and Growth VCT 5 PLC | 1.63m | -428.22k |
| EPE Special Opportunities Ltd | 10.33m | 4.85m |
| Ramsdens Holdings PLC | 117.06m | 10.27m |
| Gulf Investment Fund PLC | 26.90m | 25.21m |
| Marble Point Loan Financing Ltd | 9.34m | 17.04m |
| Alpha Real Trust Ltd | 9.73m | -1.23m |
| Thames Ventures VCT 1 PLC | -4.82m | -8.88m |
| New Star Investment Trust plc | 11.07m | 9.57m |
| Schroder BSC Social Impact Trust PLC | 716.33k | -811.49k |
| Migo Opportunities Trust PLC | 13.25m | 11.00m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| City of London Investment Management Co. Ltd.as of 10 Jun 2024 | 16.73m | 42.97% |
| Bill & Melinda Gates Foundation Trust (Investment Management)as of 01 May 2024 | 3.14m | 8.07% |
| Sarasin & Partners LLPas of 01 May 2024 | 2.48m | 6.36% |
| The Hongkong & Shanghai Banking Corp. Ltd. (Private Bank HK)as of 01 May 2024 | 1.03m | 2.63% |
| Hargreaves Lansdown Asset Management Ltd.as of 01 May 2024 | 668.00k | 1.72% |
| Bank J. Safra Sarasin AG (Investment Management)as of 01 May 2024 | 448.00k | 1.15% |
| Premier Fund Managers Ltd.as of 30 Nov 2023 | 425.00k | 1.09% |
| Bank Vontobel AGas of 01 May 2024 | 398.00k | 1.02% |
| abrdn Investments Ltd.as of 01 May 2024 | 320.52k | 0.82% |
| Soci�t� G�n�rale Private Wealth Management SAas of 01 May 2024 | 290.00k | 0.75% |
