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 |
Key people | Sheikh Hamad Sabah Al Ahmad Al Sabah (Chairman) Sheikh Abdullah Naser Sabah Al Ahmad Al Sabah (Vice Chairman) |
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]