Company Profile For Kuwait Projects Company Holding K.S.C.C.

Kuwait Projects Company KSCC (KIPCO) is a Kuwait-based investment holding company that operates in the Middle East and North Africa region. The Company, through its subsidiaries, operates in five principal sectors: Financial Services; Media and Technology; Real Estate; Healthcare, Management & Advisory, and Industrial Services. The Financial Services sector investments include commercial and investment banks, asset management companies and insurance. The Media and Technology sector covers investments in telecommunications, broadcasting and computer industries. The Real Estate sector invests in property development and management of various segments including commercial buildings, malls, hotels and apartment complexes. The Healthcare, Management & Advisory service sector include companies that provide expertise in direct investment, finance and private placements. The Industrial Services segment focuses on investments in dairy, food and beverage, and industrial coating businesses.

BRIEF: For the six months ended 30 June 2009, Kuwait Projects Company's total revenue decreased 12% to KWD230.6M. Net income decreased 63% to KWD21.6M. Total revenue reflects a significant decrease in investment income, share of income from associates as well as lower foreign exchange gain. Net income suffered from an increase in insurance related fees and commissions, digital satellite television expenses as well as higher provision for credit losses.

Kuwait Projects Company Holding K.S.C.C.
Al-Shaheed Tower
Floors (10 to 18)
Safat     13100
P: +9651.805885
F: +9652.2445918

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