Gulf Investment Fund : GIF

Overview

Gulf Investment Fund : GIF, formerly Qatar Investment Fund QIF, aims to capture the opportunities for growth offered by the expanding GCC (Gulf Co-operation Council) 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 may also invest in listed companies, or pre-IPO companies, in other GCC countries. The company applies a top-down screening process to identify those sectors which should most benefit from sectoral growth trends. Fundamental industry and company analysis, rather than benchmarking, forms the basis of both stock selection and portfolio construction.

The company’s primary investment objective is to achieve capital growth. However, the company has instituted an annual dividend policy to return to shareholders distributions at least equal to  reported income for each reporting period. Shareholders should note that this cannot be guaranteed and the level of distributions for any period remains a matter to be determined at the discretion of the board.

The GCC comprises Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

We have written some notes that seek to explain the workings of the fund:

In good hands was published on 23 January 2024

On the gulf of a new economy, was published on 18 April 2023

Much more than just oil and gas, was our initiation note published on 18 August 2022

The fund’s website can be found here.

Fundamentals

Price