Sunday 19 May 2013
 
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Kipco

United Industries net profit up 37pc

United Industries Company (UIC), a member of the Kuwait Projects Company (Kipco) Group, has posted a net profit of KD3.6 million ($12.6 million) for the first quarter, up 37 per cent over KD2.64 million last year. Announcing the Q

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Kipco reports flat Q1 net profit

Kuwait Projects Co (Kipco), the country's largest investment company by assets, reported flat first-quarter net profit on Tuesday, a bourse filing said. Net profit in the three months to the end of March was 8.57 million dinar

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Takaud launches new employee savings plan

Takaud, a leading savings and pension specialist provider in Bahrian, has introduced its unique employee savings plan, a first for the region, which will help retain staff by providing them with a saving mechanism. The product ser

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Takaud announces key appointments

Takaud Savings and Pensions, a specialist savings and pensions provider and a member of the Kipco Group, has announced three key appointments to support its business. Omar Shelbaya has been appointed chief distribution officer of

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Kipco Q4 net profit up 19pc

Kuwait Projects Company (Kipco), the country's largest investment company by assets, reported a 19 per cent rise in fourth-quarter net profit and said its media sector in particular had boosted earnings in 2012. Kipco made KD7

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Burgan Bank in $356m bond issue

  Kamco, a subsidiary of United Gulf Bank (UGB) and NBK Capital have announced the successful completion of a KD100 million ($356 million) lower tier II (LT2) subordinated bond issue by Kuwait-based Burgan Bank. &nbs

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Burgan Bank completes $356m bond issue

Kuwait-based Burgan Bank has announced the successful completion of a KD100 million ($356 million) lower tier II subordinated bond issue. The bond marks the first KD-denominated lower tier II (LT2) subordinated bond, largest priva

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Kipco Q3 net profit down 7pc to $23.4m

Kuwait Projects Company (Kipco) made KD6.6 million ($23.4 million) in the third quarter of 2012, versus KD7.1 million in the same period last year, marking a drop of 7 per cent, it said in a statement on Monday. Net profit for the count

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United Industries net profit up 179pc

United Industries Company (UIC), a member of Kuwait Projects Company (Kipco) Group, has posted a net profit of KD2.85 million for the first nine months, up 179 per cent over the same period last year. The UIC in a statement said t

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Kipco, Japanese firm eye Algeria project

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

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