Tag Archives: Kuwait Projects Co

KIPCO grows 20% in Q2 net profit

Kuwait Projects Co (KIPCO) has announced a 20% rise in second-quarter net profit end-June 30 which was recorded at KWD 11.4 million (USD 40.4 million), compared to KWD 9.5 million (USD 33.7 million) in the same period last year. Investment banking company, Arqaam Capital, had however assessed KIPCO to make a profit of KWD 12 [...]

KIPCO offered to buyout OSN

Kuwait Projects Co. (KIPCO), one of the largest listed investment company in the Gulf, has received an offer to buy 100% of the pay-TV company, OSN, from unnamed bidder KIPCO owns 60.5% of OSN while Saudi Arabia-based Mawarid Group owns the rest. Brokerage, Arqaam Capital, had last year valued OSN at USD 4.3 billion. According [...]

OSN denies KIPCO’s IPO plans

Middle Eastern pay-TV operator, OSN, announced that the company has “no current plans” for a stock market flotation, after its parent company, Kuwait Projects Co (KIPCO), in March 2014, said that it planned to start the process for an initial public offering (IPO) of OSN shares. “The shareholders are looking at the options that they [...]

KIPCO to start IPO of OSN in weeks

Kuwait Projects Co (KIPCO), one of the largest listed investment company in the Gulf, plans to start the process for an initial public offering (IPO) of shares by its pay-television unit, OSN, within weeks. KIPCO as a shareholder will go ahead with the IPO, said Faisal Al Ayyar, Vice Chairman of KIPCO. The company is [...]