The Kuwait Projects Company (Kipco) has been recognised by Forbes Middle East as a ‘Top Arab Company’ for the second consecutive year in the diversified business category.

It was announced during the ‘Forbes Middle East Top Companies in the Arab World 2015’ gala dinner, which was held at the Oberoi Hotel in Dubai, UAE.

The event recognises publicly listed companies that, through dynamic and strong leadership, are shaping the future of Arab economies and making an impact on a global scale.

The companies were ranked according to their total revenue, net profit, total assets and market capitalisation.

Faisal Al Ayyar, Kipco’s vice chairman, said: “We are pleased to be receiving this important recognition for the second consecutive year. Kipco’s portfolio of investments spans across a number of important sectors across the region.

“As leaders in the Mena (Middle East and North Africa) region, we are shaping the business landscape of the economies in which we operate and supporting their development and growth. This award is a reinforcement of Kipco’s success in achieving business excellence.”

This year’s event included a broad representation of industries such as banking and financial services, retail, food and beverage, telecommunications, education, real estate and construction. - TradeArabia News Service