First Investment Company

What First Investment Company does

First Investment Company (FIC) is a Kuwaiti public shareholding company incorporated in Kuwait, founded in 1997 and listed on the Kuwait Stock Exchange (ticker: ALOLA) since 2001 under the legal name First Investment Company and operating identity 'FIC'. The firm provides asset management and investment advisory services to investors and clients in the Kuwait market from a single headquarters in Kuwait City, and operates in accordance with Islamic Sharia principles.

Its offering is structured as a unified investment services platform rather than a multi-product suite: there are no separately named products, sub-products, or modules, and the company's product surface is described as a core service model delivered directly to clients. The firm is supported by a dedicated Shari'a Board (Dr. Abdulaziz K. Al-Qasar, Dr. Esam K. Al-Enezi, Dr. Mohammad F. Al-Shamri) that supervises activities for Sharia compliance and conducts an annual external Shari'a audit reported to the General Assembly. There are no disclosed technology integrations, APIs, applications, or proprietary technical platforms described in the input data, indicating a service-delivery model reliant on conventional advisory processes.

The firm employs 51–100 staff across functions including direct investment, finance, operations, compliance, and risk, with a recently reconstituted Board and CEO position following a 2026 leadership transition. Its operating geographies are limited to Kuwait, and paid-up capital stands at KWD 44,597,874.200. The company entered a formal restructuring in early 2026, with the restructuring plan implementation completed in March 2026; multiple material-information disclosures throughout 2026 reference ongoing legal matters, unusual trading, and board/CEO changes, indicating active turnaround activity.

Name

First Investment Company

Legal name

First Investment Company

Website

https://fic.com.kw

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

51–100 employees

Short description

First Investment Company is a Kuwaiti public shareholding company, listed on the Kuwait Stock Exchange since 2001, that provides Sharia-compliant asset management and investment advisory services to investors from its Kuwait City headquarters.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282), Investors, Nec (6799)

akta.pro primary industry

Islamic Private Banking & Wealth (FSABAGAD)

akta.pro secondary industry

Islamic Investment Banking & Capital Markets Services (FSABAGAG)

Keywords

• Asset management
• Investment advisory
• Islamic finance
• Treasury services
• Direct investment

Headquarters

HQ city

Kuwait

HQ country

Kuwait

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Core offering

First Investment Company is a Kuwait-based asset management organisation that provides asset management and investment advisory services to clients. The company also engages in direct and indirect investments, treasury services, and other financial services, operating in accordance with Islamic Sharia principles under the supervision of a dedicated Shari'a Board.

Product overview

First Investment Company operates as a single, unified investment services offering. The company provides asset management and investment advisory services to clients from a Kuwait-based operations center. The product portfolio is organized as a core service model rather than a platform-plus-modules architecture — there are no distinct named products, sub-products, or modules described in available materials. Services are delivered directly to clients through the company's website and appear to be integrated into a single client-facing service offering.

Differentiator

Problem solved

Functional benefit

Products and services

• Asset Management
• Investment Advisory Services
• Treasury Services
• Direct and Indirect Investment Services

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves5 records

Direct peers

• National Investments Company (Kuwait): Kuwaiti public shareholding investment company listed on KSE providing local and regional investment management and brokerage. Directly comparable to FIC in size, listing status, and Kuwait-centric investment offerings.
• Gulf Investment Corporation: GCC-owned investment institution based in Kuwait providing asset management and direct investment services. Comparable to FIC as another Kuwait-headquartered investment firm operating across regional capital markets.
• Kuwait Financial Centre (Markaz): Kuwaiti investment firm providing asset management, investment advisory and brokerage services across regional equities. Closely comparable to FIC as a Kuwait-based investment company offering managed investment products to institutional and individual clients.
• Al Imtiaz Investment Group: Kuwaiti investment company listed on KSE engaged in direct investments and asset management across the Gulf. Comparable to FIC as another Kuwaiti-listed investment holding focused on direct/indirect investment activity.
• Kamco Investment Company: Kuwaiti public shareholding investment company listed on KSE offering asset management, investment banking and brokerage services. Direct peer to FIC given similar Kuwaiti public-shareholding structure and overlapping investment product set.
• Arzan Financial Group: Kuwaiti investment company offering asset management, investment advisory and brokerage services. Direct peer to FIC as a similarly-sized Kuwaiti listed investment firm competing for the same local mandates.
• Global Investment House: Kuwaiti investment company historically providing asset management and investment advisory services across the GCC. Comparable in business model and regional focus even though prior history includes restructuring episodes.

Broad incumbents

• Kuwait International Bank: Kuwaiti Islamic bank offering Shari'a-compliant banking and investment services. Comparable to FIC around Islamic financial services infrastructure, but operates as a full-fledged bank rather than a pure-play investment company.
• KIPCO (Kuwait Projects Company Holding): One of the largest diversified holding companies in the Middle East, headquartered in Kuwait with significant asset management and investment operations. Comparable to FIC as a Kuwaiti investment holding player but materially larger and more diversified.

Regional players

• Al Rajhi Capital: Saudi-based investment arm of Al Rajhi Bank offering Shari'a-compliant asset management, brokerage and advisory services across the GCC. Comparable to FIC in the Islamic investment services space but primarily competes across Saudi Arabia rather than Kuwait.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 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 First Investment Company