Al Khaleej Development Company (Tameer) enjoys the backing of a strong and diversified shareholding base. The Group’s shareholders include some of the most prominent financial institutions, companies, family businesses, and high net worth individuals in the Gulf region.

Our shareholders have continuously supported the growth of Tameer since our inception in 2002. From a US$ 16 million closed shareholding company, Tameer has developed to a US$ 55 million publicly-listed company, with assets and projects under management exceeding US$ 2 billion.

Major shareholders 

In 2004, Tameer expanded its shareholder base by increasing its paid-up capital by US$ 28 million from US$ 16 million to US$ 44 million. This was achieved by an increase of US$ 14 million from current shareholders, and through a private placement that raised US$ 14 million. The Group’s major shareholders at the time of the capital increase were: 

• Gulf Investment House, Kuwait
• Gulf Finance House, Bahrain
• Dubai Islamic Bank, UAE
• Global Investment House, Kuwait
• Alshaya Group, Kuwait
• Al Nafisi Trading Company, Kuwait
• Al Rowaih Family, Kuwait
• Al Fozan Family, Kuwait