KIPCO
_-_KIPCO_Logo.png){kind=logo} | |
| 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] |
| 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″N 47°59′11″E / 29.37583°N 47.98639°E |
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
[edit]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
[edit]- ^ a b c d KIPCO Annual Report 2023, KIPCO Website, 21 June 2024
- ^ KIPCO Overview, KIPCO Website 28 March 2018
- ^ [1] KIPCO Corporate Website retrieved 17 July 2024