Tuesday 21 October 2014
 
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Kipco

Kipco receives approval for stake increase in Burgan Bank

Kuwait Projects Company (Kipco) said it received approval from the country's central bank to increase its stake in Burgan Bank by 5 per cent. A bourse filing by Kipco added that its direct and indirect stake in the Kuwait's thir

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Kipco rejects $3.2bn offer for pay-TV unit OSN

Kuwait Projects Company (Kipco) has rejected a $3.2 billion takeover offer from a US private equity firm for its pay-television subsidiary OSN, the parent company said in a bourse filing on Sunday. Kipco owns 60.5 percent of OSN w

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Kipco picks 25 for leadership programme

Kipco, the Kuwait projects company, has selected 25 youngsters between 16 and 24 to participate in a mentorship programme that provides young people with opportunities acquire life and leadership skills. The fourth generation of T

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Kipco posts 20pc profit increase

Kuwait Projects Company (Kipco) has announced a net profit of KD21.7 million ($77 million) for the first six months of 2014, an increase of 20 per cent on the KD18.1 million profit reported for the same period last year. In the se

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Kipco posts 20pc profit increase

Kuwait Projects Company (Kipco) has announced a net profit of KD21.7 million ($77 million) for the first six months of 2014, an increase of 20 per cent on the KD18.1 million profit reported for the same period last year. In the se

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OSN gets buyout offer from unnamed bidder

Middle Eastern pay-television operator OSN is the subject of a full takeover bid from an unnamed buyer, its parent company said on Sunday, a deal that could prove to be one of the largest acquisitions of a regional business in recent years.

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Kipco renews support for Protégés programme

The Kuwait Projects Company (Kipco) has renewed its partnership with The Protégés, the youth mentorship programme for a second year.   The Protégés is supported by Burgan Bank, Gulf In

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Kipco Q1 profit rises 20pc to $36m

Kuwait Projects Co (Kipco), the Gulf state's largest listed investment company, reported a 20 percent rise in first-quarter profit on Wednesday. Kipco made a profit of 10.3 million dinars ($36.70 million) in the three months t

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United Industries net profit up 43pc

Kuwait-based United Industries Company has registered a net profit of KD5.15 million ($18.2 million) for the first quarter, up 43 per cent when compared to KD3.61 million during the same period in 2013. A member of the Kuwait Proj

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Kipco posts 34pc revenue growth in 2013

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

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