Established in 2002, Inovest is a shariah compliant
category 1 investment firm, regulated by the
Central Bank of Bahrain, and publicly listed on Bahrain Bourse
and Boursa Kuwait.
Inovest’s business spans three principle areas: direct investment, asset management, and real estate investment and development.
Based in the Kingdom of Bahrain, Inovest is the parent company for Al Khaleej Development Company “Tameer” and Tamcon Contracting Co.
15 YEAR - Our anniversary represents a great deal, it is reflective of remarkable growth; from years of record development, to the implementation of landmark projects, to lessons learned from overcoming significant challenges and several difficult years, and ultimately a return to profitability.
We are confident that with diligence, efforts, and commitment we can make the years to come great ones.
Successfully exited our shareholding investment in Gulf Real Estate Co., a Saudi based real estate investment and development company established in 2005 at an exit value of US$ 6.7 million.
Tamcon, the Group Contracting arm, successfully completed and handed over a BD75.56 million contract for the provision of 1560 homes in the Southern Governorate in the Kingdom of Bahrain.
The launch of a refreshed and modernized corporate identity designed to better reflect the Group’s strategic direction and positioning.
A turnaround year with a notable return to profitability
Marking a 15 year milestone. Our anniversary represents a great deal, it is reflective of remarkable growth; from years of record development, to the implementation of landmark projects, to lessons learned from overcoming significant challenges and several difficult years, and ultimately a return to profitability.
Tamcon, the Group's contracting arm, was awarded a BD75.56 million contract for the provision of 1560 homes in the Southern Governorate in the Kingdom of Bahrain.
Completed construction of the BIW Business Park.
Official opening of the Takhzeen self storage facility. Takhzeen specializes in providing personal and business storage solutions.
Completed infrastructural works for BIW
Incorporation of Takhzeen, the first self-storage facility of its kind in Bahrain, and in the Middle East.
A record year for the Inovest group after posting a net profit of US$91 million almost 96% ROC.
Launch of Dannat Resort, a US $ 660 million gated community that aims to merge various residential, commercial and leisure elements. The resort is located on Half Moon Bay, in the Kingdom of Saudi Arabia, and covers a total area of 1 million square meters.
Rebranded as Inovest, and re-established Tameer as a wholly owned subsidiary dedicated to real estate development.
Obtained grade A Investment Company License and became regulated under CBB.
Establishment of Tamcon, a wholly owned 'AA' grade company that has the capability to undertake a range of civil and electro-mechanical works, building construction and infrastructure works.
Launch of BIW Business Park, a US$ 115 million project designed to offer commercial and office space to companies in various business sectors, such as telecommunications, financial services, call centers, hardware assemblers, media producers, and legal services.
Rights issue capital increase by US$25 million to US$91 million
Launch of the US$1.3 billion Bahrain Investment Wharf (BIW) covering an area of 1.7 million square meters. This remains one of the largest development projects in Bahrain, and the only privately-owned and managed industrial park in the Kingdom.
Launch of Durrat Marina, a US$ 1.3 billion mixed use marina development, developed jointly by Inovest and Durrat Khaleej Al Bahrain.
Launch of Tala Island, an exclusive gated island residential community jointly developed with Ossis Property Developers at an investment of over US$ 120 million.
Awarded the redevelopment of Adhari National Park by the Government of Bahrain on a Build-Operate-Transfer (BOT) basis. Adhari National Park is a family theme park developed in a joint venture with Kuwait Commercial Markets Complex Company.
Listing on Kuwait Stock Exchange, currently named Boursa Kuwait
Increase of share capital to US$ 50million
Tameer Lists on Bahrain Stock Exchange (BSE) “currently Bahrain Bourse”, becoming the first Real Estate Development Co. in Bahrain going public; the IPO was oversubscribed by 2.65 times.
Paid up Capital increased to US$ 44 million
Inovest was established as Al Khaleej Development Co. “Tameer”, a Bahraini joint stock company, with a paid up capital of US$ 16million