The Investment Business Unit was established when Hoshanco Investment Company (‘HIC’) was created in 2001. Its objectives were three-fold. Firstly, it handles local private equity investments. Secondly, it evaluates and makes investments offshore in a range of asset classes, and finally it manages the financial affairs of the Hoshanco Group’s operating companies. Its area of operation covers Saudi Arabia, the Arabian Gulf and other regional countries.
HIC’s vision is to invest strategically and not opportunistically, and to focus on strategic growth and providing value to shareholders. Its mission is to maximize investor returns by nurturing growing businesses, giving the shareholders an opportunity to spread and reduce risk by investing in a venture.