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Gulf General Investment Company   (GGICO.DFM)
Also known as: GGIC, GGICO
Sector | Industry
Financial Services | Investment Companies
 
Country of Origin
United Arab Emirates
Last Trade
5.56 AED
+ 2.21%
 
 
 
 
 
 
 
 
 
 
 
 
Company Updated: Feb 29, 2008
 
UAE
Joint Stock
 
 
Holding company with interest in real estate, transport and tourism, financial services, industrial and manufacturing; lease, purchase and management of real estate properties.
Arab Economists Establishment until January 1992
1973
1,749 (Group)
 
GGICO 
Ordinary 
AED 
 
 Key Officers
Abdullah Jumaa Al Sari 
Chairman
Mohammed Abdullah Jumaa Al Sari
Managing Director
 
 Contact Details
Address:
Al Fattan Plaza Building
3rd Floor
Airport Road
22588
Dubai
United Arab Emirates
 
+971 4-282-1888
 
+971 4-286-8828
 
ggico@emirates.net.ae
 
www.ggicouae.com
 
www.hriznalm.ae
www.gulfab.com
www.gulfdura.com
www.emicrown.com

 
  Latest Headline
Abdul Mohsin Ibrahim Younis, CEO Strategy & Corporate Governance at the RTA, discusses the results of the bids for naming rights to Dubai's Metro stations. - Dubai Eye
 
  Business Overview
Gulf General Investment Company (GGICO) is a Dubai based company established in 1973 in Ajman under the name Arab Economists Establishment. Through its subsidiaries, GGICO's operates in the real estate, industrial projects, hotels, clubs, restaurants, and other tourism activities. GGICO is also involved in oil trading and manufacturing of metal products and prefabricated houses.

GGICO has invested in the development of over 4,500 residential units in the UAE and the gulf region. Its real estate activities include furnished apartments, urban developments, warehousing, and industrial areas. On the other hand, GGICO is the holding company of four wholly owned subsidiaries involved in the oil manufacturing and trading, and in the manufacturing of metal packages and prefabricated houses.

In 2005, GGICO ranked eighth in terms of profits out of the top 50 gulf investment companies.
 
 
 Major Shareholders
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  Organization Structure and Related Entities
Subsidiaries/Associates/Affiliates
 
Name  Country  Holding
Crown Oils Company UAE 100.00%
Emirates Lube Oil Company UAE 100.00%
Gulf Dura Industries UAE 100.00%
Gulf General Steel Company UAE 100.00%
Gulf Prefab Houses Factory UAE 100.00%
Horizon Energy Company UAE 100.00%
Horizon Metallic Industries Company UAE 100.00%
Horizon Packaging Company UAE 100.00%
Lloyds Engineering Company (UAE) UAE 100.00%
Gulf Baader Capital Market UAE 75.00%
Turnkey Wood Works UAE 65.00%
Al Sagr National Insurance Company UAE 53.00%
Layia Hotel Management UAE 51.00%
Middle East World Factories Equipment UAE 51.00%
National Aluminium Extrusion UAE 51.00%
Acorn Industries UAE 50.00%
Amalia Perfumes Trading and Manufacturing UAE 50.00%
Dubai Al Ahlia Quick Transport Establishment UAE 50.00%
Emirates Crown Lubricants UAE 50.00%
Gulf Engineering Services UAE 50.00%
LAI General Trading UAE 50.00%
Horizon Aluminium Industries UAE 49.00%
Ghadeh General Trading and Contracting Company Kuwait 38.00%
Arab Real Estate Development Company Jordan 35.20%
Oil Lab and Marine Surveyors Company UAE 25.00%
Investments
 
Name  Country  Holding
Union Insurance Company UAE 12.86%
Alia the Royal Jordanian Airlines Jordan 12.65%
Gulf Investment Services Company Oman 12.21%
Jordan and Emirates Dimensions for Commercial Investment Jordan 10.00%
Ras Al Khaimah National Insurance Company UAE 10.00%
United Arab Investors Company Jordan 8.11%
Taameer Jordan Holdings Jordan 2.06%
Developments and Projects
 
Name  Country  Holding
Axis Residences [in Dubai Silicon Oasis] UAE -
Dubai Marina UAE -
Dubai Marina 106 UAE -
Horizan Tower UAE -
Little Italy UAE -
Olympic Park Development [in Dubai Sport City] UAE -
 
 
  Representatives
Auditors
 
Talal Abu-Ghazaleh Organization 
 
Banks
Dubai Islamic Bank
United Arab Bank
Standard Chartered Bank UAE
Commercial Bank International
First Gulf Bank
 
 Summary Financials
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 Available to subscribers only. Information in this section includes key financials data such as Total Revenues, Net Profits, Totals Assets, Shareholder Equity, etc. » More Details
 
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