The Chairman of the Board of Directors of Oryx Holding Company, Abdullah Ahmad Al-Shaheen Al-Rubaie, confirmed that his company has returned to investing in Kuwait after it has more experience and greater capacity. Al-Shaheen is a Kuwaiti investor, but he is an Arab with passion. His investments have reached 9 Arab countries. He has worked in all major financial and investment markets in the countries of the Cooperation Council, North Africa, Asia, Europe and America. He is currently contributing to many investments. He also held many positions inside and outside Kuwait in private companies. And a contribution to the industrial, real estate and commercial sectors, and investment services in the small and medium enterprises sector.
In addition, he is a member of the Kuwaiti-Egyptian Business Council, and the ambassador of the Long Live Egypt Fund. His life and his career in the field of investment and management bear many indicators that can be used, and that can take the investment and management sector towards a better future, and we will learn about them during the following dialogue:
• Can you give us an overview of your investments?
– In fact, we have many important investments, whether inside or outside Kuwait, and we also had some important investments that we recently exited from.
Let’s start with the investments that you exited from, and the reasons for this exit.
– In fact, we had an investment in the State of Qatar through our entry and contribution to the State Holding Group of companies, which was investing in various activities inside and outside the State of Qatar, whether in industrial, commercial, real estate, information technology, travel agencies, media and advertising services, or selling and distributing Food products, customs clearance, or land, sea and air transportation.
The State Holding Group included – as I mentioned – many investments, companies and factories inside and outside the State of Qatar. It was finally released about two years ago.
We have also had a substantial and vital investment in the Arab Republic of Egypt for nearly 8 years in one of the most important areas of heavy industries, which is the iron and steel industry, through our partnership with a percentage equivalent to 70 percent in the Egyptian Steel Group, which included under it a group of companies and factories around the world. different in Egypt.
As for the reasons for exit, I must point out that it is known scientifically and globally that exit is one of the investment tools or methods, because the investor creates an investment, or participates in an existing investment, then develops it, develops it and maximizes its value, and then exits from it at an appropriate time. To search for a new challenge and new success by entering into a new economic and investment building. Exit is generally based on economic and strategic factors.
foreign investments
• What about your investments outside Kuwait?
– We have many important investments in Egypt, the United Arab Emirates, the Kingdom of Morocco and some European countries.
In Egypt we have FIB Capital Securities, a company specialized in the field of direct investment and investment banking services, and the company is the first approved sponsor of the Nile Stock Exchange, as well as the Suez Canal Company for Commercial and Agricultural Development, a company specialized in trading agricultural products and services, seeds and fertilizers Pesticides and sprayers, in addition to the Misr Industries Company for project management.
The truth is that Egypt, after being at a crossroads and in a dangerous predicament, was able after 2013 to regain its balance, stability and position thanks to the wisdom and courage of President Sisi, and thanks to the strength and vigilance of the Egyptian armed forces. Building institutions, so Egypt is always full of promising and attractive opportunities for investors.