Kuwait Projects Company Holding KSC - Company Profile
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Kuwait Projects Company Holding KSC (KIPCO) is an investment holding company that operates in the financial services, media and technology, education, real estate, manufacturing, and management and advisory sectors. The company also offers finance, private placement, acquisitions, derivatives, and food production, and dairy and specialized services. It also offers commercial banking, retail banking, corporate banking, asset management, corporate finance, investment management, investment advisory and research, insurance, and wealth management. The company is into hospitality and real estate, oil field maintenance, drilling services, energy manufacturing, industrial project development, and media and digital satellite network services. It also offers financial services through investment banks, asset management, commercial banks, and insurance and pension services, online data, and satellite. KIPCO is headquartered in Kuwait City, Kuwait.
Headquarters
Kuwait
Address
Kipco Tower, Khalid Bin Al Waleed Street, Sharq, P.O, Safaat, 13100
Website
kipco.com
Telephone
965 2 2943400
No of Employees
695
Industry
Financial Services
Ticker Symbol & Exchange
KPROJ (KUW)
Revenue (2022)
$3.5B
47.3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
44.1%
(2022 vs 2021)
Market Cap*
$2.2B
Net Profit Margin (2022)
XYZ
-2.1%
(2022 vs 2021)
* As of and is in US$
Kuwait Projects Company Holding KSC premium industry data and analytics
Products and Services
| Services | Brands |
|---|---|
| Commercial Banking | KIPCO |
| Retail Banking | |
| Corporate Banking | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In April, the company entered into an agreement to sell its 46.32% stake in Gulf Insurance Group to Fairfax Financial Holdings. |
| 2022 | Acquisitions/Mergers/Takeovers | In November, the company merged with Qurain Petrochemical Industries (QPIC) and trading on Boursa Kuwait under a single ticker, KPROJ. |
| 2022 | Regulatory Approval | In September, the company secured an approval from shareholders to merge with Qurain Petrochemical Industries Company. |
Competitor Comparison
| Key Parameters | Kuwait Projects Company Holding KSC | Kingdom Holding Co | Abdul Latif Jameel Co Ltd | Action Group Holdings Co | Afkar Holding Company |
|---|---|---|---|---|---|
| Headquarters | Kuwait | Saudi Arabia | Saudi Arabia | Kuwait | Kuwait |
| City | Safaat | Riyadh | Jeddah | Safat | Safat |
| State/Province | - | - | Makkah | - | - |
| No. of Employees | 695 | 42 | - | - | - |
| Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Sheikh Hamad Sabah Al Ahmad Al Sabah | Chairman | Executive Board | 2020 | - |
| Sheikha Dana Naser Sabah Al Ahmad Al Sabah | Chief Executive Officer - Group; Director | Executive Board | 2022 | - |
| Samer Khanachet | Deputy Group Chief Executive Officer | Senior Management | 2022 | - |
| Moustapha Samir Chami | Deputy Group Chief Financial Officer | Senior Management | 2022 | - |
| Khaled Abdul Jabbar Al Sharrad | Group Chief Human Resource and Admin Officer; Board Secretary | Senior Management | 1995 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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