Kuwait Projects Company - Kuwait

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Recent Articles

• Kipco says $500m bonds successfully issued6 October 2009

  Kuwait conglomerate receives thumbs up from investors as issue is 6X oversubscribed.

• Moody's downgrades KIPCO’s outlook6 September 2009

  Ratings agency cites worsening credit trends at investment firm's Burgan Bank and United Gulf Bank units.

• KIPCO's Q2 profit drops 56.5%, provisions weigh1 August 2009

  UPDATE 1: Despite hit Kuwaiti investment firm is confident for rest of 2009.

• Bogus late-night calls from Al-Braikan - witness26 July 2009

  Phone calls could come at any time, but always had same message: "Hi, Hazem here. I have a major scoop for you."

• Kuwait's KIPCO Q1 profit falls, confirms '09 target9 May 2009

  Dollar appreciation against dinar hits margins at industrial conglomerate.

• Burgan Bank sees annual profits halved23 February 2009

  Kuwait bank sees annual profits halved to 37.8m dinars after Q4 loss calculated at 28.4m dinars. 

• Kuwait's KIPCO says sees tough Q1 - paper23 February 2009

  Kuwait Projects Co CEO still interested in expanding in the Mid East and North African regions.

• KIPCO delays depositary receipts sale28 October 2008

  UPDATE 1: Sale of GDR abroad postponed due to bad market conditions, says CEO.

• KIPCO profit jumps 45% after banking unit sale18 October 2008

  Kuwaiti firm boosts Q3 net income to $93.2mn after selling stake in Jordan Kuwait Bank.

• Bahrain's UGB bank Q3 up 10-fold after stake sale15 October 2008

  KIPCO unit United Gulf Bank reports quarterly profit of $276mn after exceptional item.

• KIPCO keeps '08 outlook after fees boost Q220 July 2008

  Kuwait firm's 30% rise in income leaves it on target for $414mn year total.

• Kuwait's Burgan Bank profit misses forecasts14 July 2008

  Despite huge growth in loans and deposits, income increases only 6.3% to $84.3mn.

• Kipco in talks to launch Mideast pension firm2 June 2008

  Kuwaiti holding firm could sell global depositary receipts worth up to $1bn - CEO.

• Third Kuwaiti airline to take off in '0926 May 2008

  Wataniya Airways to begin operations in Jan, looking to tap growth in Middle East's booming aviation sector.

• Kipco in talks to sell depositary receipts18 May 2008

  Kuwaiti firm in talks with international banks to sell GDRs worth up to 15% of share capital, paper says.

• Burgan Bank to snap up UGB assets for $728mn5 May 2008

  Kuwaiti investment bank agrees to buy foreign assets, part of international expansion.

• Burgan Bank closes in on $1bn United Gulf deal27 April 2008

  Kuwait investment bank to buy commercial lending activities of Bahrain bank.

• Kipco profit driven by banking unit26 April 2008

  Kuwait Projects Company sees Q1 net income double to $112.8mn on growth of Burgan Bank unit.

• Bahrain's United Gulf buys into Dubai Islamic unit30 March 2008

  Lender agrees undisclosed stake in Millennium Finance to help it expand.

• Kamco launches $61mn investment firm6 November 2007

  Asset management firm will target Middle East investors wishing to comply with Islamic law.

• Construction, industry drive Kipco profit31 October 2007

  Kuwaiti holding firm's net income more than triples in Q3 to $155mn as revenues surge.

• Kuwait fund denies Ahli stake claims26 June 2007

  State investors say reports of a sale of Ahli United Bank stake are incorrect.

• Kuwait Projects plans $1bn investment bank25 June 2007

  Bank is part of a strategy to target foreign markets, especially in Asia and Europe.

• Showtime IPO unlikely this year31 May 2007

  Kuwait Projects Company said it may sell shares of its satellite TV network, Showtime Arabia to the public in 2008, two years later than initially planned.