Kipco, the largest investment company in Kuwait by assets, has reported a 34 per cent growth in its revenue for 2013 which rose to KD553 million ($1.96 billion) from KD414 million.
The announcement was made at the company’s
Kuwait Projects Co (Kipco), the country's largest investment company, reported a 75 per cent rise in fourth-quarter net profit on Tuesday, saying its pay-television company OSN had performed especially well.
Net profit in the three
Kuwait Projects Company (Kipco), the country's largest investment firm by assets, has announced the successful pricing of a $500 million five-year bond issue in the international capital market, the first from the Mena region in 2014.
Kuwait Projects Co (Kipco), the Gulf state's largest investment firm by assets, plans to issue up to $500 million worth of medium-term bonds and hired a group of international banks to help arrange the sale, it said on Wednesday.
Kuwait Projects Company (Kipco) hosted a dinner in honour of the students participating in the 30th Conference of the National Union of Kuwaiti Students – USA Branch (Nuks-USA), following the closing ceremony.
The event incl
Kuwait Projects Company (Kipco), the country's largest investment company by assets, has reported a 21 per cent jump in its net profit for the third quarter which hit KD8 million ($28.3 million) compared to $6.6 million last year.
United Industries Company (UIC), a member of the Kuwait Projects Company (Kipoc) Group, posted a net profit of KD 6.587 million ($23.24 million) for the first nine months of 2013, an increase of 131 per cent over the same period in 2012.
Kuwait Projects Co (Kipco), the country's largest investment company by assets, reported a 11 percent rise in second-quarter net profit on Wednesday and said it was on track for double-digit revenue growth this year.
United Industries Company (UIC), a member of the Kuwait Projects Company (Kipco) Group, posted KD5.32 million ($18.6 million) in net profit for the first half of 2013.
The figure represents an increase of 112 per cent over the sam
Investment group Kuwait Projects Co (Kipco) said it would bid for a stake in Kuwait Health Assurance Co (KHAC) - the first such announcement since the bidding process opened in April.
KHAC, which wants to sell a 26 percent strateg