Kuwait Projects Company (Kipco) said on Thursday it planned to enter into a "strategic partnership" with Japan's Orix Corporation and that the companies were mulling a joint project in Algeria.
Kipco, Kuwait's la
Kuwait Projects Company (Kipco), the country's largest investment firm, reported a 73-per cent decline in third-quarter profit on Tuesday, after booking a one-time gain in the same period last year.
Kipco said it made a profit of KD7.1
Kuwait Projects Company (Kipco), the Gulf state's biggest investment firm, said its net profit for the first quarter jumped to KD8.1 million ($29.2 million), a company statement said on Sunday.
Kipco's quarterly net profi
Kuwait's Burgan Bank, the commercial banking arm of Kuwait Projects Company (Kipco), posted a more than ten-fold increase in its first quarter net profit.
Net income in the three months to March 31 came in at KD11.8 million ($42.92 mil
Moody's has placed on review the issuer ratings for Kuwait Projects Company Holding (Kipco), a major investment holding company, for possible downgrade.
The ratings agency has also downgraded the Kuwait Projects Company (Cayman) as wel
Kuwait Projects Company (Kipco) has agreed to raise the company capital to 127 million dinars ($457.5 million) from 121 million dinars, the company said on Wednesday.
This will be done through a 5 percent bonus share distribution to
Kuwait Projects Company (Kipco), the country's biggest investment firm, said it has raised its stake in United Real Estate Company (URC) to 60.4 per cent.
'The firm (Kipco) states that it acquired 33.11 per cent in URC through one
Kuwait Projects Company (Kipco), the country's biggest investment firm by assets, said it will extend the maturity of KD40 million ($139.5 million) worth of bonds by one year.
The bonds' maturity date will be extended to November 5
Kuwait Projects Company (Kipco), the country's biggest investment company by assets, posted a second-quarter net profit decline of 56.5 per cent, but said it was confident about progress for the rest of 2009.
It said it had made provis
Sheikh Bahaa R Hariri recently invested $100 million to acquire a 5 per cent stake in the Kuwait Projects Company (Kipco), making him the largest individual investor in the company.
The acquisition comes in line with the overall strategy o