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Kuwait - KIPCO - the Kuwait Projects Company - announced today that it was recognized by Forbes Middle East as a Top Arab Company for the second consecutive year. KIPCO's recognition was in the diversified business category.
KIPCO's award 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. The event recognizes publicly listed companies that, through dynamic and strong leadership, are shaping the future of Arab economies and making an impact on a global scale. Companies were ranked according to their total revenue, net profit, total assets and market capitalization.
The awards were presented by Ms Khuloud Al Omain, Editor-in-Chief of Forbes Middle East, and Mr Krishna Natarajan, Head of Sales at Forbes Middle East. Ms Eman Al Awadhi, KIPCO's Group Communications Director, received the award on behalf of the company.
Mr Faisal Al Ayyar, KIPCO's Vice Chairman (Executive) 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 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.
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About KIPCO Group
The KIPCO Group is one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 31.3 billion as at 31 March 2015. The Group has significant ownership interests in over 60 companies operating across 24 countries. The group's main business sectors are financial services, media, real estate and manufacturing. Through its core companies, subsidiaries and affiliates, KIPCO also has interests in the education and medical sectors.
The conversion rate used is US$1 to KD 0.30025.
Further information:
Eman Al Awadhi
Group Communications Director
Corporate Communications Department
T: +965 2294 3416
M:+965 6033 6399
Eman.Alawadhi@kipco.com
© Press Release 2015
