Energy Holding
(Previously
AREF) / Kuwait
Finance House
Established in 1975, AREF Investment Group is a Kuwaiti
closed shareholding company listed on the Kuwait Stock
Exchange with market cap of c. $399m
Major focus on financial service, energy, logistic services,
real estate, food service and public service sectors
Kuwait Finance House is a large Islamic bank owning KE’s
shares since 2007. Good contacts although there has been
some turnover of personnel within the bank more recently
(1) Shareholder structure as of November 2014.
Global
Investment
House
Global Investment House is an asset management and
investment banking company operating in 16 countries in
MENA headquartered in Kuwait, with mainly Kuwaiti held
shares
Global contacts are well known
Blue Ridge
Blue Ridge Investment Company is a New York based private
equity fund involved since 2008
Regular meetings held (generally twice a year) and quarterly
telephone calls to update operational performance
Equity Group
Investments
Equity Group Investments (EGI) is Chicago-based private
investment firm (owned by Sam Zell, US billionaire)
Major focus on real estate, energy, logistics, transportation,
media, and health care
Regular meetings in the US and the Middle East with Sam
Zell and his associates
IFC
International Finance Corp is a subsidiary of the World Bank,
involved since 2009, initially with a reserve base lending
facility
Good relations at all levels, Washington, London, Istanbul
and Dubai
Regular operational updates held with a detailed review of
assets
Supportive Shareholders
36
Energy Holding
12%
Global Investment
12%
Zahra Group
12%
KEC
9%
Blue Ridge
8%
IFC
7%
Equity Group
7%
Other
33%
Key Shareholders
Shareholder Structure
(1)
