Chairman's Message
Asaad Ahmad Al-Banwan
On behalf of the Board of Directors and Executive Management, I am pleased to welcome you and share an overview of Gulf Cables & Electrical Industries Group Company’s journey, performance, and strategic direction.
As the Group marks its fiftieth anniversary, we reflect with pride on a legacy built on reliability, operational excellence, and long-term value creation. Since its establishment, the Group has evolved into one of Kuwait’s leading industrial organizations, consistently serving its customers while remaining committed to the interests of its shareholders and stakeholders.
The past year was shaped by continued global economic uncertainty, influenced by geopolitical developments, climate-related challenges, and evolving financial conditions. Despite these circumstances, regional and local markets demonstrated resilience, supported by stability in key economic drivers and ongoing development initiatives. Within this environment, the Group continued to operate with discipline, adaptability, and a clear strategic focus.
At the Group level, we remained steadfast in executing our strategic objectives, strengthening operational performance, and enhancing efficiency across our businesses. Our diversified portfolio—spanning manufacturing, investments, and services—continues to provide resilience and balance, enabling us to respond effectively to changing market conditions while pursuing sustainable growth.
We place strong emphasis on investing in our people, recognizing them as the foundation of our success. Through continuous talent development, workforce growth, and a commitment to diversity and national talent, we strive to foster a dynamic and inclusive work environment that supports innovation and long-term performance.
Sustainability, governance, and social responsibility are integral to the Group’s long-term vision. We are committed to embedding environmental, social, and governance principles into our operations, enhancing transparency, managing risks responsibly, and contributing positively to the communities in which we operate. We believe these principles are essential to achieving enduring growth and creating shared value.
Looking ahead, the Board of Directors remains focused on strengthening the Group’s competitive position through thoughtful expansion, innovation, strategic partnerships, and continued investment in human capital. We are aligned with Kuwait’s national development priorities and remain committed to supporting the country’s long-term economic and social progress.
In closing, I extend my sincere appreciation to our shareholders for their trust and confidence, and to our Executive Management and employees for their dedication and professionalism. With a strong foundation, a clear strategy, and an unwavering commitment to excellence, we look to the future with confidence and optimism.
Allah is the Grantor of success. With our highest appreciation and respect.
Vision
For Gulf Cables and Electrical Industries Group company to become a distinguished model of reference in its quality and diversity of electrical and telephone cables products, both locally and regionally, along with maintaining its leadership, originality and preceding its client’s ambitions in the level of services, in satisfaction of its shareholders, and for the promotion of its society development.
Mission
“Gulf Cables and Electrical Industries Group Company to become the largest industrial gathering at the local and regional level, with state of the art technology, all inclusive quality, with high-skill local technical expertise, and its highly diversified products offering multiplicity of alternatives at competitively attractive prices.”
Strategy
To become a leading producer of electric and telephone cables, wires, and joints while adhering to top American, British, and Gulf quality standards. The goal is to meet diverse customer needs through innovative products and secure a strong local and regional presence. Focus on sustainable development, leveraging advanced technology, and forming strategic partnerships. Ensure optimal use of resources for continuous growth and excellence.
Values
Gulf Cables and Electrical Industries Group Company abides by a set of core values which are the driving factors behind the company’s success:
- Exert the utmost effort to satisfy customers.
- Performing with absolute integrity and in conformity with the highest ethical standards.
Board Members
Executive Team
Awards
Our Quality policy is to sustain and enhance our reputation for product quality at competitive prices in National & International markets and to meet customer’s expectations. It is this concern and commitment rather than just sale of product. That has given GC a distinct image. The Quality of our products along with our commitment to timely deliveries is our competitive advantage and we shall continue to strive to maintain it.
Certifications
Our Quality policy is to sustain and enhance our reputation for product quality at competitive prices in National & International markets and to meet customer’s expectations. It is this concern and commitment rather than just sale of product. That has given GC a distinct image. The Quality of our products along with our commitment to timely deliveries is our competitive advantage and we shall continue to strive to maintain it.
