INVESTCORP - The True Story Behind Its Creation
By the editors of JMHinternational.com
The purpose of this document is to set the record straight. Written a quarter of a century after the creation of INVESTCORP, it will show how this unique investment entity was conceived, developed and implemented under the auspices of the Arab Monetary Fund and its President, Dr. Jawad Hashim. The period to which it refers is 1977 to 1984.
Download complete set of PDF files of Investcorp's entire story and appendixes:
Investcorp_Complete_Set.zip (5.78 MB size)
Opening notes by Jawad Hashim
On February 10, 2008, I attained the age of seventy. Looking back at the past, I find the past is always present to me and becomes more vivid as it moves onwards. The rich variety of events in my life has its beautiful moments as well as its dangerous days. What once seemed sorrow are now joys to remember.
In memory, everything, every event or every dream is made more, not less, real. Today, at the age of seventy, when I move to the past, I can see more clearly what the past means and why it happened the way it did. Throughout my life I made many good deeds as well as numerous mistakes. That, after all, is the nature of everyone's real-life experience.
My life was filled with challenges. If I am to identify myself with certain achievements, three are the most satisfying. The first was building of the most advanced apparatus for economic and social planning in Iraq during the period 1968-1977, together with its Central Statistical Organization; National Computer Center; the National Engineering & Architectural Center; and the National Center for Management Development.
The second achievement was the establishment (from point zero) of the Arab Monetary Fund (AMF) during the period May/1977-May/1982. The AMF is an inter-Arab regional organization operating in a similar fashion as the International Monetary Fund (IMF).
The third achievement, and by far the most internationally visible, is the establishment of INVESTCORP -- a unique financial entity during the period 1980-1982 while I was at the help of AMF.
However, for the last quarter of a century, I lived with the agony of witnessing others who falsely claim that INVESTCORP was their "brainchild." Here in this website, I give a rare insight into the true story behind the creation of INVESTCORP. I do so because there is no agony like bearing an untold story inside oneself.
Apart from presenting INVESTCORP story, this website contains a variety of topics and comments in politics, finance, Iraq and recent international events.
Back row, third from left: Dr. Jawad Hashim
Front row, right: Nemir Kirdar