Gulf Investment Fund plc
GIFS.L
London Stock Exchange- -
GBp
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Douglas United Kingdom
- IPO Date
- Jul 31, 2007
- Website
- qatarinvestmentfund.com
- Similar Companies
- Business
- Gulf Investment Fund plc (GIFS.L) is a closed-ended investment company that provides exposure to emerging investment opportunities in the Gulf Cooperation Council (GCC) region by investing in quoted equities listed on GCC exchanges, companies soon to be listed, and listed or pre-IPO companies in other GCC countries; it targets growth and value stocks across diversified market capitalizations in sectors such as financials (including banks like Gulf Bank of Kuwait, Arab National Bank, Dubai Islamic Bank, and Bank Muscat), healthcare, materials, ground services, insurance, reinsurance, navigation, and retail; the fund employs a top-down screening process to identify high-growth sectors followed by fundamental industry and company analysis for stock selection and portfolio construction, with a primary objective of capital growth supplemented by an annual dividend policy aiming to distribute at least reported income. Formed on June 26, 2007 and domiciled in the Isle of Man with its registered office at Exchange House, 54-62 Athol Street, Douglas, IM1 1JD, the company was originally focused on Qatar before expanding its mandate to the full GCC (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates) in December 2017; it was formerly known as Qatar Investment Fund plc and is managed by Epicure Managers Qatar Ltd, a subsidiary of Qatar Insurance Company S.A.Q., with Bijoy Joy serving as the current portfolio manager following Jubin Jose's departure at the end of 2023. In recent developments, the company launched a 100% tender offer in August 2024 that received commitments exceeding its minimum share capital threshold of 38 million shares, prompting the board to propose members' voluntary liquidation; shareholders approved the wind-up resolution at an extraordinary general meeting on October 29, 2024 with 87.5% support, leading to suspension and cancellation of trading on that date, the initial cash distribution to shareholders in early December 2024, and ongoing liquidation managed by Nicholas Mark Halsall of PricewaterhouseCoopers LLC, marking the cessation of operations after strong historical performance including a 10.2% NAV total return for the year ended June 30, 2024 (versus 2.6% for the S&P GCC Composite Index benchmark) and 198.7% cumulative growth since the 2017 mandate expansion.