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Responsible Investing

We, at Gulf Credit Partners, take our commitment to environmental, social and corporate governance (ESG) principles very seriously. Those principles are adopted across all investment decisions and throughout our business.

Our Environmental, Social and Governance (ESG) Commitment and Approach

Gulf Credit Partners believe that ESG factors positively contribute to investment performance, as well as contributing to help build a more stable, sustainable and inclusive global economy. By incorporating ESG criteria into our investment decision making and investment practices we can influence the companies we invest in to improve their performance. Our approach means that we actively seek opportunities to create long-term, sustainable value for both ourselves and our investors.

As part of our commitment to sustainable investment, Gulf Credit Partners has adopted the International Finance Corporation's (IFC) Environmental and Social Management System (ESMS) and Integrity Management System (IMS) guidelines which are the main components of the IFC Sustainability Framework. The ESMS and IMS are recognized globally as best practice benchmarks for environmental and social risk management. These frameworks allow us to promote sound environmental and social practices, encourage transparency and accountability, and contribute to positive development impacts within our portfolio companies.

In addition to this, Gulf Credit Partners has implemented a robust governance framework based on Dubai International Financial Centre (DIFC) and Dubai Financial Services Authority (DFSA) requirements.

Gulf Credit Partners employ a holistic, disciplined, value-focused and credit-oriented approach when evaluating each investment opportunity, adhering to a rigorous and risk-averse investment process that includes thorough and detailed due diligence :

  1. Investment Compliance: Know Your Client (KYC), Anti-Money Laundering (AML) and Counter Terrorist Financing (CFT) checks are conducted and documented prior to any investment and also monitored throughout the life of the investment.
  2. Anti-corruption: Gulf Credit Partners follow the provisions of the World Bank Group anticorruption guidelines and policies.
  3. Exclusion Lists: All investments are subject to a screening against the IFC exclusion list and must comply with the relevant IFC performance standards on environmental and social sustainability.
  4. E&S policies and processes framework: Gulf Credit Partners undertake thorough Environmental and Social Due Diligence (ESDD) based on the Fund's internal ESMS policies and IFC's Performance Standards.
Our ESMS Framework

Gulf Credit Partners established its ESMS Framework on 18December2012 in order to integrateenvironmental and social risk management standards into its business processes utilizing the IFC's Performance Standards. The ESMS Framework setsout the actions and procedures to conduct environmental and social due diligence prior to investments and toensure an adequate supervision of the investee companies in order to mitigate potential risks during the life ofthose investments.

In line with these procedures, Gulf Credit Partners conducts on-site due diligence on its existing portfolio companies and potential investee companies, and categorizes those investee companies in the appropriate risk categories. Gulf Credit Partners maintains close coordination with the IFC during the environmental and social due diligence processes and proactively works towardsidentifying potential risks at the preliminary stages of its investment process.

Gulf Credit Partners will also incorporate covenants that are tailored to the business activity of each investee company into each loan agreement tomaintain ongoing compliance with ESMS requirements. Gulf Credit Partners receive ESMS reporting from each of itsportfolio companies, corresponding with each investment's reporting requirements.

To request a copy of our ESMS framework, please send a request to our Private Debt ESMS Coordinator and Integrity Risk Officer through the contact page

To access the IFC's Performance Standards on environmental and social sustainability, please click here

Our IMS Framework

Gulf Credit Partners established its IMS Framework on 20 April 2017 to further enhance our risk mitigation processes, reflecting the increasing importance of and evolution in risk management. The IMS forms part of our commitment to sustainable investing and aims to identify, assess and manage all integrity risks of the Private Debt Funds, in compliance with the IFC's Integrity Due Diligence requirements.

To access the IFC's Integrity Due Diligence process, please click here

Case Study

To access our Corporate Social Responsibility Case Study, please click here

 
 
 
 
 

Fraud Alert

Fraud Alert - Important alert to Gulf Capital Investors,Shareholders, the Financial Services Community and the Public

Fraudsters are engaging in a fraudulent email and website scams whereby websites and communications are targeting members of the public and potential investors (victims) by fraudulently using the identity of legitimate members of Gulf Capital's Executive team or Gulf Capital's Board of Directors to solicit investments, fake job offers and other dealings, without authority, and for a malicious purpose. Neither Gulf Capital's Chief Executive Officer nor any members of its Board of Directors or other members of its Executive team have made any offers for investment partnership, offers of employment or other dealings through these channels and the names, and identities of such individuals are being used illegally and without their consent.

Gulf Capital and its management have taken and will continue to take legal action against anyone found misusing Gulf Capital's name or the names or identities of any members of the Board of Directors of Gulf Capital or Gulf Capital's Executive team illegally or without consent for whatever reason.

Report Scams

We invite you to immediately contact fraud-detection@gulfcapital.com* if any of the following occur:

  1. You have received any unsolicited correspondence or investment advice or you think you have been contacted in relation to a possible scam (whether by telephone, email or courier) by sources fraudulently impersonating Gulf Capital's Board of Directors or any members of Gulf Capital's Executive team.
  2. You have received notice from anyone outside of Gulf Capital informing you or raising concern regarding the fact that they may have been contacted by any sources fraudulently impersonating Gulf Capital's Board of Directors or any members of Gulf Capital's Executive team.
  3. You have received any communications referencing any of Gulf Capital's Board of Directors that you consider are suspicious or which you are not sure how to respond to.
  4. You have any concerns about the authenticity of any website passing itself off as a website operated by Gulf Capital or referencing the names and identities of the Board of Directors of Gulf Capital or any of its Executive team without authority.
*Note: When forwarding suspicious e-mails to fraud-detection@gulfcapital.com:
  1. Do not modify the original subject line or contents enclosed, and do not include any personal or confidential information.
  2. Forward the full internet headers of any suspicious emails to fraud-detection@gulfcapital.com before deleting as this information willhelp Gulf Capital to track the true origin of the correspondence. The internet headers can be found through your e-mail system from within the e-mail. For example, in Microsoft Outlook, you can find the internet headers by opening the e-mail, then choosing "View" and "Options". Depending on the e-mail system that you use, the process for locating the internet headers will vary. We recommend you either copy and paste the internet header and message into a new e-mail or scan the e-mail and full headers and send as a PDF attachment to ensure it is received by fraud-detection@gulfcapital.com.

Protect Yourself

  1. We recommend that you avoid getting into a conversation with any fraudsters or revealingany personal or identifying information, but you should endeavor to record thepurported name of the person and organisation along with any other information they give you (e.g., telephone number, address etc.) and then forward all such information to fraud-detection@gulfcapital.com.
  2. You should obtain independent legal and financial and professional advice before handing over any funds or entering into any agreements in relation to such solicitations.
  3. We recommend that you not respond or open any attachments or links associated with any suspicious e-mails.
Copyright © 2017 Gulf Capital Pvt. JSC. All rights reserved.

Illegal Use of Gulf Capital's Name

Phishing Email Alert

Gulf Capital Pvt. JSC has recently become aware of a spate of fraudulent emails purporting to offer financing from, and employment at, Gulf Capital and Gulf Capital Credit Partners (DIFC) Ltd. and misusing the official Gulf Capital logo and trade name. These emails do not originate from Gulf Capital or any of our affiliates. If you have received any such email, do not click any links in the email or provide any personal information (e.g. your bank details or copies of identity documents).

There are a number of illegal advance fee scams in operation where our name and those of our Board of Directors and Senior Management are being impersonated and abused.

The Gulf Capital name, and sometimes the names of individual employees within our firm, have been used in various fraudulent scam emails, letters and phone calls. These communications typically seek to attract a victim by suggesting that project funding or a job can be obtained by paying an upfront fee. Sometimes fake documents are sent to the victim and websites mimicking the Gulf Capital name and brand are used.

Common themes include:

  • the use of similar domain names designed to appear legitimate; examples include using phishing email accounts from domains such as: @gulfcp.com, @gullfinvest.com, board members name@outlook.com, @gulfunioninvestment.com, name@gullfcapital.com
  • offers of work/visa services related to employment in the Middle East upon payment of administrative, medical and other fees;
  • offers of project financing upon payment of a fake surety bond and due diligence fees;
  • forged Board of Directors resolutions approving loans, MOUs, loan agreements claiming "100% refundable" professional service fees;
  • bogus look-alike websites;
  • fake profiles on LinkedIn and My Opportunity purporting be Directors or Management of Gulf Capital;
  • "signed" and stamped contracts purporting to be provided by us regarding project financing; and
  • use of our UAE telephone numbers by criminal impersonators.

This is not an exhaustive list of scams. New schemes designed to steal the business public's money or personal data are being invented all the time or for use in other illegal activities. Please act prudently and sensibly for your own protection and take note of our Fraud Alert on our website. The perpetrators may not always request money or personal details on initial contact, but often wait until the victim has responded.

Please note that Gulf Capital and its Management and Directors have no involvement in these or any other scams, and will vigorously prosecute any violators in tandem with the concerned authorities. Our name is being used in an unauthorized and illegal way. Note that we do not use Gmail, Hotmail, Outlook or Yahoo addresses.

We recommend you delete scam emails and do not reply to scam letters, emails, calls or faxes, and do not send money to strangers. If you need to confirm with us whether a communication is genuine, please contact us at fraud-detection@gulfcapital.com.

I have read and understood the Fraud Alert, Terms & Conditions of Use and Privacy Policy. I accept the terms and condition therein and wish to proceed to the Gulf Capital website.