Tuesday, 24 November 2009 | 21:42 UAE time
COMPANIES
Innovative Investments
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COMPANY DESCRIPTION
Innovative Investments (INOVEST) is an investment, advisory and property development group, operating in accordance with the principles of Islamic Sharia. INOVEST core business activities comprise real estate investment, project management, property management, and related advisory services.Since its inception in June 2002, INOVEST has developed from a USD 16 million closed shareholding company to a USD 108.2 million publicly-listed company, with assets and projects under management exceeding USD 3 billion.
Following an Initial Public Offering in 2005, INOVEST was listed on the Bahrain Stock Exchange, and subsequently cross-listed on the Kuwait Stock Exchange. It was the first specialised Sharia-compliant real estate company to be incorporated in the Kingdom of Bahrain. It is also the first and only real estate company to be listed on the Bahrain Stock Exchange.
KEY INFORMATION
Industry
Investment Companies, Landlord and Developers
Address
Floor 10, Seef Tower, 18334, Manama, Bahrain
T
973 17588788
F
973 17587667
E
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 18 June 2002 | - |
MAJOR SHAREHOLDERS
| Name | Country | ||
|---|---|---|---|
| Dubai Islamic Bank - UAE | companies | 7.3 | UAE |
| Al Aman Investment Company | companies | Kuwait | |
| Gulf Investment House | companies | 15.14 | Kuwait |
| Al Nafisi Group | companies | 5.27 | Kuwait |
PORTFOLIO
| Name | Country |
|---|---|
| Al Luzi Housing Development | Bahrain |
| Bahrain Investment Wharf | Bahrain |
| BIW Business Park Development Company | Bahrain |
| Coldwell Banker - Bahrain | Bahrain |
| Gulf Real Estate Company - Saudi Arabia | Saudi Arabia |
| Paramount Port Management and Services Company | Bahrain |
| Reef Real Estate Finance Company | Bahrain |
| Tala Property Development | Bahrain |
| HadeedMENA | Qatar |
| Adhari Park Development | Bahrain |
| BIW Labour Accomodation | Bahrain |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Samir Yaacoub Al Nafisi | Chairman |
| Ahmed Rashid Al Qattan | Vice Chairman |
| Adel Yaqoob Al Nafisi | Board Member |
| Ayman Ahmed Kamal | Board Member |
| Fareed Soud Al Fozan | Board Member |
| Jamal Abdulrahman Al Rowaih | Board Member |
| Faisal Abdulla Al Khuzam | Board Member |
| Saleh Turkey Al Khamis | Board Member |
| Talal Khalid Al Nisif | Board Member |
| MANAGEMENT | Position |
| Ahmed Rashid Al Qattan | Managing Director |
| Khaled Abdullah | Chief Executive Officer |
| Mohammed Abdullah Issa | Executive Director - Financial Affairs |
| Majed Abdullah Al Khan | Executive Director - Investments |
| Laith Al Memar | Executive Director - Property Development Services |
| Mohammed Abdulkhaliq | Executive Director - Business Development and Administrative Affairs |
MOST POPULAR NEWS STORIES
LATEST FINANCIAL JOBS
- Project Finance Manager, Abu Dhabi, UAE
- Banks Analyst, Dubai, UAE
- Internal Audit Manager, Abu Dhabi, UAE
- Market Risk Oficer, Dubai, UAE
- Product Manager, Dubai, UAE
Information correct at the time of publishing. If you are a representative of this company and want to update the details, please email updated information to financials@itp.com providing your name, designation and contact details.
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