With a history of nearly 40 years of success, it is important for to us for the bank to remain within the KIPCO
In September last year, KIPCO
- the Kuwait Projects Company along with Fairfax arrived at an agreement to sell 39.
UGB's forthcoming acquisition of a significant stake in its KIPCO
Group sister institution Burgan Bank (KUW:BURG) in Kuwait is set to transform the bank's business model.
has responded well to a challenging global and local market environment by strengthening liquidity and actively managing leverage in support of credit metrics," said Moody's vice-president and lead analyst for KIPCO
UGB is a consolidated subsidiary of the diversified and well regarded KIPCO
Group in Kuwait.
The transaction will fetch no profit to KIPCO
, but will not lead to a loss too, the company added.
Asset Management is a subsidiary of investment holding company Kuwait Projects Company (KUW:KPROJ), or KIPCO
When in February 2014 KIPCO
issued $500 million 5-year notes, management earmarked proceeds to a large extent for pre-funding of its 2016 maturities, which consist of KWD80 million of bank debt (maturing in January 2016) and $500 million of notes (October 2016).
Reem Al Radwan, Director of the Department of Blood Transfusion Services at the Ministry of Health said the center will be established in cooperation with KIPCO
Group and Masharee Al Khair Charity Organization.
In the second quarter (the three months ended 30 June, 2014) KIPCO
made a net profit of KWD 11.
28 June 2010 - A unit of Kuwait-based asset management and financial services company KIPCO
Asset Management Co (KUW:KAMCO) is holding talks for the launch of a USD10m (EUR8.
The revenue growth achieved by our core businesses in the first quarter of 2016 will help KIPCO
achieve growth in the high single digit by the end of the year, as we forecasted in our Shafafiyah Investors' Forum in March," he added.