Kuwaiti Indian Holding Company KSCC, Kuwait (KIHC)

KIHC, a 57% subsidiary of Noor, is a Kuwait based holding company that focuses on Shariah-compliant investment activities in India. KIHC was established in March 2006 with a paid-up share capital of KD 1 million and raised a further KD 29 million in 2007 bringing its current paid-up share capital of KD 30 million (USD 112.8 million). KIHC invests in public and private equity markets and real estate opportunities in India, and encourages foreign investment in Kuwait by promoting joint projects with Indian companies. KIHC has also created specialist funds for investing in India.