Kuwait Projects Company (Kipco), the Gulf state's largest investment company, reported a 10.7 per cent rise in fourth-quarter net profit on Monday.

Kipco made a net profit of KD15.8 million ($52.9 million) in the three months to December 31, up from KD14.3 million in the year earlier period, according to a statement.

The regional investment house, with stakes in industrial, media, financial and real estate companies, will pay a cash dividend for 2015 of 25 per cent, equivalent to KD0.025 per share, it added. This is in line with the payout for 2014.  - Reuters