Kuwait Projects Company Holding K.S.C.P. Stock

Kuwait Projects Company Holding K.S.C.P., through its subsidiaries, operates in the financial services, energy, media, real estate, manufacturing, and education sectors. The company operates in MENA, North America, Europe, Asia, and Others.

The company focuses on investments in the Middle East and North Africa. Its strategy of acquiring, building, scaling and selling companies in the MENA region has worked successfully for over 30 years. The company's financial service interests include holdings in commercial banks, insurance companies, asset management and investment banking.

The company seeks to adhere to the highest standards and best practices to ensure sound corporate governance activities, in line with the corporate governance framework for companies listed on the Kuwait Boursa's Premier Market. The company's food and dairy manufacturing company, SADAFCO, began the construction of a depot in Mecca, replacing the existing rented location. It is expected to provide long-term infrastructure solutions to both the distribution and logistics operations, resulting in future cost savings and growth opportunities.

Segments

The company operates through seven segments: Commercial Banking; Asset Management and Investment Banking; Insurance; Media & Satellite Services; Energy; Industrial and Logistics; Hospitality and Real Estate.

Commercial banking - represents company's commercial banking activities which includes retail banking, corporate banking, and private banking and treasury products. These entities are regulated by the Central Bank of the respective countries.

Asset management and investment banking - represents the company's asset management and investment banking activities which includes asset management, corporate finance (advisory and capital markets services), investment advisory and research, and wealth management and Holding companies' expenses.

Insurance - represents the company's insurance activities and other related services.

Media & Satellite services - represents the company's activities in providing digital satellite services, Media Pay TV services via satellite, cable and streaming.

Energy - represents the company's activities in the manufacturing, sale, supply, store, export, and distribution of different types of aromatics, chemical and petrochemical materials and their related derivatives, oil field maintenance and drilling services, and setting up projects in the oil and gas and renewable energy sector.

Industrial & Logistics - represents the company's activities in industrial project development, food, utilities, transportation, logistics and related supply chain services.

Hospitality and real estate - represents company's activities in the hospitality and real estate sector.

History

Kuwait Projects Company Holding K.S.C.P. was founded in 1975. The company was incorporated in 1975.