KIPCO

Kuwait Projects Company (Holding)

Company type	Public
Industry	Holding company
Founded	2 August 1975 as Kuwait Investment Projects Company
Headquarters	KIPCO Tower, Khalid Bin Al Waleed Street, Sharq, Kuwait City
Area served	GCC & MENA Region
Products	Commercial banking, petrochemical & oil services, foodstuff, asset management & investment banking, media, real estate, healthcare, logistics and education
Revenue	US$ 4.2 billion (2023) [1]
Net income	US$ 98 million (2023) [1]
Total assets	US$ 40.1 billion (2023) [1]
Total equity	US$ 2 billion (2023) [1]
Number of employees	16000 [2]
Website	www.kipco.com 29°22′33″N47°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.^{[ citation needed ]}

References

1. KIPCO Annual Report 2023, KIPCO Website, 21 June 2024
2. KIPCO Overview, KIPCO Website 28 March 2018
3. KIPCO Corporate Website retrieved 17 July 2024

External links

• KIPCO official site