KIPCO

Kuwait Projects Company (Holding)
Company typePublic
IndustryHolding company
Founded2 August 1975 as Kuwait Investment Projects Company
HeadquartersKIPCO Tower,
Khalid Bin Al Waleed Street,
Sharq, Kuwait City
Area served
GCC & MENA Region
ProductsCommercial banking, petrochemical & oil services, foodstuff, asset management & investment banking, media, real estate, healthcare, logistics and education
RevenueIncrease US$ 4.2 billion (2023)[1]
Increase US$ 98 million (2023)[1]
Total assetsIncrease US$ 40.1 billion (2023)[1]
Total equityIncrease US$ 2 billion (2023)[1]
Number of employees
16000[2]
Websitewww.kipco.com 29°22′33″N 47°59′11″E / 29.37583°N 47.98639°E / 29.37583; 47.98639

Kuwait Projects Company (Holding), known as KIPCO, is an investment holding company in the Middle East and North Africa (MENA) region. KIPCO, with consolidated assets of $40.1 billion as of 31 December 2023, operates in 20+ countries across multiple industries. KIPCO is a multi-sector operator with portfolio companies in commercial banking, petrochemical & oil services, foodstuff, asset management & investment banking, media, real estate, healthcare, logistics, and education.[3]

History

KIPCO was incorporated on 2 August 1975 under Article 94 of the Kuwaiti Commercial Companies Code, Law No. 15 1960. Since incorporation, the company has grown and made investments in a diversified portfolio of companies operating throughout the Gulf Cooperation Council (GCC ) and the wider Middle East and North Africa (MENA) region.

References

  1. ^ a b c d KIPCO Annual Report 2023, KIPCO Website, 21 June 2024
  2. ^ KIPCO Overview, KIPCO Website 28 March 2018
  3. ^ [1] KIPCO Corporate Website retrieved 17 July 2024
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