01 June 2016
Kuwait City - KIPCO - the Kuwait Projects Company - was recognized by Forbes Middle East as a 'Top Arab Company in the Arab World 2016' for the third consecutive year.

KIPCO's award was announced during a gala dinner held at the Jumeirah Messilah Beach Hotel & Spa in Kuwait. 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 the Minister of State for Cabinet Affairs, Sheikh Mohammad Abdullah Al Mubarak Al Sabah, and the President of Arab Publisher House and Publisher of Forbes Middle East, Dr Nasser Bin Aqeel Al Tayyar. Mr Samer Khanachet, KIPCO's Group Chief Operating Officer, received the award on behalf of the company.

Mr Faisal Al Ayyar, KIPCO's Vice Chairman (Executive) said:

"Receiving this important recognition from Forbes Middle East for the third consecutive year brings us great pleasure. As we at KIPCO continue to enhance our businesses in diverse sectors across the MENA region, we are also helping develop and grow the communities we are present in and we are shaping the economies in which we operate. Such prestigious recognitions and awards reinforce the success of our strategies and our efforts to achieve 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
The KIPCO Group is one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 33 billion as at 31 March 2016. 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.

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 2016