Tharwa Investment

What Tharwa Investment does

Tharwa Investment Company (Closed B.S.C.) is a Kuwaiti closed joint-stock company founded in 2006 by Sami Issa Al-Hasawi, headquartered in Arraya Tower 2, Sharq, Kuwait City, with wholly-owned subsidiaries in Saudi Arabia and Bahrain (TIC Real Estate B.S.C. Closed). The firm operates as a licensed asset manager and investment advisor regulated by the Capital Markets Authority of Kuwait, serving high-net-worth individuals, institutional and corporate clients, and Sharia-compliant investors. Its product platform comprises two managed open-ended funds — the conventional Tharwa Investment Fund (launched 24 March 2007) and the Sharia-compliant Tharwa Islamic Fund (launched 16 April 2007) — both investing in Kuwait Stock Exchange and other Arab-markets listed equities with weekly NAV valuation and weekly subscription/redemption windows. The Islamic Fund carries a 1.75% annual management fee, 0.0625% custodian and investment controller fees, and 0.25% subscription and redemption fees, with the fund's capital envelope stated at KD 2 million to KD 100 million.

Tharwa generates revenue through three streams: (i) recurring asset management fees on the two managed funds, calculated as a percentage of net asset value; (ii) professional service fees from investment advisory engagements covering M&A, feasibility studies, restructuring, valuations, and strategic investment management; and (iii) income from direct strategic investments, notably real estate development via its Saudi and Bahrain subsidiaries. Distribution is primarily direct-to-client through relationship managers and institutional advisory teams, supplemented by a weekly subscription mechanism for fund investors administered with Kuwait International Trustee Company as custodian and Osol as external Sharia auditor. Marketing is conducted through a bilingual (Arabic/English) corporate website, monthly and weekly fund fact sheets, annual reports, and shareholder general assembly meetings.

The firm competes on the basis of its executive team's prior track record — founding executives previously managed KD 1 billion in assets at Kuwait Financial Center (Markaz) and KD 100 million for the Kuwait Investment Authority — combined with its CMA regulatory standing, Sharia-compliant product offering, and ESG alignment with Kuwait Vision 2035 and Boursa Kuwait Sustainability Guidelines. No proprietary technology platform, AI/ML system, or third-party technology stack is disclosed; investment management relies on the expertise of named portfolio managers and analysts. The company has no parent entity, no public listing, and no disclosed external funding rounds.

Name

Tharwa Investment

Legal name

Tharwa Investment Company (Closed B.S.C.)

Website

https://tharwa.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Tharwa Investment is a Kuwaiti CMA-licensed asset manager and investment advisor founded in 2006, operating the Sharia-compliant Tharwa Islamic Fund and the conventional Tharwa Investment Fund for high-net-worth individuals, institutional clients, and Sharia-compliant investors across MENA, with regional subsidiaries in Saudi Arabia and Bahrain.

Ownership category

akta.pro rank

Product category

Investment Management and Advisory Services

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282), Finance Services (6199)

akta.pro primary industry

Islamic Private Banking & Wealth (FSABAGAD)

akta.pro secondary industries

Multi-Asset Mutual Funds & UCITS (Balanced/Allocation Funds) (FSAAAJAA), Islamic Investment Banking & Capital Markets Services (FSABAGAG)

Keywords

• Asset management services
• Investment advisory
• Sharia-compliant investing
• Portfolio management
• Fund management

Headquarters

HQ city

Kuwait

HQ country

Kuwait

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Asset Management Fees: The company earns management fees from managing investment portfolios and collective investment schemes. The Tharwa Islamic Fund charges a management fee of 1.75% annually, along with custodian fees of 0.0625% and investment controller fees of 0.0625%. These fees are calculated on the fund's net asset value and represent a recurring revenue stream based on assets under management.
2. Investment Advisory Services: The company provides investment advisory services including investment banking (M&A, feasibility studies, restructuring, valuations), strategic investment management, and research and analysis services. Revenue is generated through professional service fees charged for these consulting engagements.
3. Fund Management Revenue: The Tharwa Islamic Fund (launched April 16, 2007) and Tharwa Investment Fund (launched March 24, 2007) generate revenue through management fees, subscription/redemption fees (0.25% each), and custody fees. Fund capital ranges from 2 million to 100 million KD for the Islamic fund, denominated in Kuwaiti Dinars.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Tharwa Investment is a Kuwaiti closed joint-stock investment company that provides asset management and investment advisory services. It manages two flagship funds — the Tharwa Islamic Fund (Sharia-compliant equity fund) and the Tharwa Investment Fund (conventional equity fund) — both investing across Kuwait and Arab listed equities with weekly NAV valuation and weekly subscription/redemption. The firm also offers investment banking advisory (M&A, feasibility studies, restructuring, valuations), strategic direct investments, and wealth management services spanning Kuwait, MENA, US, European, and Asian markets.

Product overview

Tharwa Investment Co. is a Kuwaiti closed joint-stock company established in 2006 offering a unified suite of investment products and services. The company operates two main investment funds: Tharwa Islamic Fund (Sharia-compliant) and Tharwa Investment Fund (conventional), both providing weekly subscription and redemption options. Core services include Asset Management covering MENA, Direct, and International investments, as well as Advisory Services encompassing investment banking (M&A, restructuring, valuations), strategic investments, and research and analysis. The company also operates a subsidiary in Bahrain (TIC Real Estate B.S.C.) focused on real estate investments.

Differentiator

Problem solved

Functional benefit

Brands

• Tharwa Islamic Fund: An investment fund that invests in shares of companies listed on the Kuwait Stock Exchange and other Arab markets, focusing on businesses that comply with Islamic Sharia principles. Features weekly redemption and was launched on 16/04/2007.
• Tharwa Investment Fund

Products and services

• Asset Management Investment portfolio management services across MENA markets, direct investment, international investment, and specialized fund management across various economic sectors for institutional clients and high-net-worth individuals.
• Advisory Services Comprehensive investment advisory services including investment banking (M&A, feasibility studies, restructuring, valuations), strategic investments, and research and analysis for local and international markets, targeting institutional and corporate clients.
• Tharwa Islamic Fund Sharia-compliant investment fund investing in shares of companies listed on the Kuwait Stock Exchange and other Arab markets that comply with Islamic Sharia principles, featuring weekly NAV valuation, weekly subscription/redemption, minimum investment of 1,000 units, and independent external Sharia audit. NAV reported as 1.236 KD as of July 2026.
• Tharwa Investment Fund Conventional investment fund investing in shares of companies listed on the Kuwait Stock Exchange and Arab markets, featuring weekly NAV valuation, weekly subscription/redemption option, and minimum investment of 1,000 units. NAV reported as 1.664 KD as of July 2026.
• Wealth Management Wealth management services provided through the Wealth Management Sector, managing client portfolios across global markets including US, Europe, and Asia, with capabilities in ETFs, Hedge Funds, and diversified investment funds.

Quantifiable outcome

• Assets under management historically reaching KWD 1 billion managed by founding team members at prior employer Markaz
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• Kuwait International Trustee CompanycoreOthers · 16 April 2007Kuwait International Trustee Company serves as the Custodian and Investment Controller for the Tharwa Islamic Fund. The company is responsible for safeguarding fund assets and providing independent oversight of investment activities, ensuring regulatory compliance and investor protection. This partnership is fundamental to the fund's operational structure.
• Osol For Sharia Advisory and AuditcoreOthers · 16 April 2007Osol For Sharia Advisory and Audit serves as the External Sharia Auditing Office for the Tharwa Islamic Fund, providing independent Sharia compliance verification and audit services. This ensures that the fund's investments and operations comply with Islamic Sharia principles, which is a regulatory and market requirement for the fund's Sharia-compliant designation.
• Faisal Al Saqer BDO Al Nisf & PartnerscoreOthers · 16 April 2007Faisal Al Saqer BDO Al Nisf & Partners serves as the External Auditor for the Tharwa Islamic Fund, providing independent financial audit services. The firm is a member of BDO International, one of the world's leading audit and accounting networks, ensuring credible financial reporting for the fund.
• TIC Real Estate B.S.C. (Closed)coreStrategic or Co-development Partner · 1 January 2007TIC Real Estate B.S.C. (Closed) is a subsidiary company of Tharwa Investment Company established in the Kingdom of Bahrain, focusing on real estate investment opportunities. The subsidiary extends Tharwa's direct investment capabilities into the Gulf market, particularly targeting real estate development sectors in Saudi Arabia and the broader GCC region.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Al Imtiaz Investment Group: Kuwait-based closed investment company managing diversified portfolios across MENA equities, real estate, and private equity. Similar closed joint-stock structure and direct investment orientation, competing for institutional and family-office capital in Kuwait.
• Kuwait Financial Center (Markaz): Leading Kuwaiti asset management and investment advisory firm where Tharwa's founding team (Sami Al-Hasawi, Khaled Al-Fares, Barrak Al-Usaimi) previously held senior roles and collectively managed KWD 1B in AUM. Directly comparable in mandate (asset management, advisory, MENA equities), product structure (collective investment schemes), and target client base (HNWIs and institutions in Kuwait).
• National Investments Company (NIC): One of Kuwait's oldest investment firms, where Khaled Al-Fares previously co-founded the Local Investments Department. Directly comparable in Kuwaiti equity fund management, advisory, and institutional client focus, competing for similar mandates and HNW capital.
• KAMCO Investment Company: Kuwait-based investment firm offering asset management, investment banking, and brokerage. Competes with Tharwa for institutional mandates and Kuwaiti equity mandates, with a broader product set but similar geographic focus.
• Arzan Financial Group for Consulting and Financial Services: Kuwaiti investment and financial services group offering asset management, advisory, and real estate investment services. Comparable in target clientele, regional investment focus, and the combination of fund management with direct investments.

Regional players

• Gulf Investment Corporation (GIC): Kuwait-headquartered GCC investment institution owned by the six GCC states, focusing on direct investments and asset management across the Gulf. Comparable in pan-GCC investment mandate, though materially larger and state-owned rather than private.
• GFH Financial Group: Bahrain-based GCC investment firm with significant real estate and private equity focus across the region. Comparable via Tharwa's Bahrain subsidiary TIC Real Estate and similar appetite for direct GCC real estate deployment, though headquartered in Bahrain rather than Kuwait.
• EFG Hermes: Leading MENA investment bank with asset management, advisory, and brokerage operations across the region. Comparable in MENA equity research, advisory capabilities, and cross-border deal execution, but at significantly larger scale and broader geographic footprint.

Broad incumbents

• Kuwait Finance House (KFH): Largest Islamic bank in Kuwait with significant investment management and private banking operations. Competes in Sharia-compliant wealth management and Islamic fund products, but as part of a much broader banking, real estate, and treasury franchise rather than a pure-play investment firm.

Emerging players

• Boubyan Bank Investment Arm (Boubyan Capital): Islamic-focused Kuwaiti financial group with growing investment management and advisory capabilities. Partially comparable in Sharia-compliant product focus and Kuwait HNW targeting, but operates as a bank-owned subsidiary rather than an independent asset manager.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/tharwainv
• Facebookfacebook.com/Tharwa-Investment-Company-142935779115245
• LinkedInlinkedin.com/company/tharwa-investments-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tharwa Investment