Crown Investments Corporation

Crown Investments Corporation
Company typeCrown corporation
IndustryInvestment management
Founded1947
HeadquartersRegina, Saskatchewan, Canada
Subsidiaries
Websitecicorp.sk.ca

The Crown Investments Corporation (CIC) is a Crown corporation owned by the Government of Saskatchewan. It functions as a holding company to manage the province's commercial Crown corporations, as well as the provincial government's minority holdings in private sector ventures.[1][2][3][4][5]

History

CIC started out as the Government Finance Office (GFO) in 1947. Its job was to manage, direct investment, and return dividends of various commercial Crown corporations to the Government. The profits from the Crown corporations were reinvested or given back to the government. The GFO was also used to invest government money in various Crowns.

In 1978, the name was changed to Crown Investment Corporation.

References

  1. ^ "Crown Investments Corporation - Home". cicorp. Retrieved 23 February 2014.
  2. ^ "Crown Investments Corporation of Saskatchewan (CIC)". publications.gov.sk.ca. Retrieved 23 February 2014.
  3. ^ "Crown Investments Corporation of Saskatchewan - Company Profile ..." insideview.com. Archived from the original on 9 December 2012. Retrieved 23 February 2014.
  4. ^ "Crown Investments Corporation of Saskatchewan: Private Company ..." investing.businessweek.com. Archived from the original on February 23, 2014. Retrieved 23 February 2014.
  5. ^ "Crown Investments Corporation of Saskatchewan". oxfordreference.com. Retrieved 23 February 2014.


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