Industry Investments Headquarters Regina, Canada Type of business Crown Corporation | Products Investment Founded 1947 | |
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Website Crown Investment Corporation of Saskatchewan | ||
Crown Investments Corporation (commonly known as CIC) is the holding company used by the Government of Saskatchewan to manage its financial and commercial Crown Corporations as well as its minority holdings in private-sector ventures.
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
Crown Investments Corporation Wikipedia(Text) CC BY-SA