KIPCO
Investment and holding company in Kuwait
From Wikipedia, the free encyclopedia
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 $40.1 billion as of 31 December 2023, operates in 20+ countries across multiple industries. KIPCO is a multi-sector operator with portfolio companies in commercial banking, petrochemical & oil services, foodstuff, asset management & investment banking, media, real estate, healthcare, logistics, and education.[3]
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Khalid Bin Al Waleed Street,
Sharq, Kuwait City
| |
| Company type | Public |
|---|---|
| Industry | Holding company |
| Founded | 2 August 1975 as Kuwait Investment Projects Company |
| Headquarters | KIPCO Tower, Khalid Bin Al Waleed Street, Sharq, Kuwait City |
Area served | GCC & MENA Region |
| Products | Commercial banking, petrochemical & oil services, foodstuff, asset management & investment banking, media, real estate, healthcare, logistics and education |
| Revenue |  US$ 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 |
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]