Kuwait Projects Company Holding (KPROJ) News - Mubasher Info
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18 February 12:04 PM

Kuwait Projects Company Holding (KPROJ`R)

Last update: 11:44 AM market time.
81.40
-11.30
-12.19%
Open 81.80
Previous Close 92.70
High 82.00
Low 81.20
Stock Statistics
Volume 139,973
Turnover 11,404.10
All data are 15 minutes late during market session

News

KIPCO owns a 87.6% stake in OSN
31 May 2020 10:30 AM KIPCO reclassifies investment in OSN to subsidiary
Mubasher: The Board of Directors of Kuwait Projects Holding (KIPCO) has reclassified the company’s investment in OSN to an investment in a subsidiary form a joint-venture (JV) classified as held for sale. The new subsidiary will consolidate in …
Mergers and Acquisitions
The profits fell by 8% during the fourth quarter of last year
31 May 2020 09:17 AM KIPCO’s earnings up 6% in 2019; dividends proposed
Mubasher: Kuwait Projects Holding (KIPCO) has achieved net profits worth KWD 30.01 million in the fiscal year (FY) 2019, up by 6% from KWD 28.28 million in the previous year. During the fourth quarter (Q4) of last year, the profits went down by …
Financial Results
S&P believes that KIPCO manages its liquidity proactively
22 April 2020 09:41 AM S&P cuts KIPCO’s credit rating; outlook "Negative"
Mubasher: Standard and Poor's (S&P) has downgraded the credit rating of Kuwait Projects Holding (KIPCO) to ‘BB+’ from ‘BBB-’, with a ‘Negative’ outlook. KIPCO’s short-term issue credit rating was lowered to ‘B’ from ‘A-3’ due to a higher loan to …
Ratings
The company is yet to provide further details on the deal
15 March 2020 01:31 PM KIPCO raises stake in OSN to 87.6%
Mubasher: Kuwait Projects Holding (KIPCO) has increased its stake in OSN to 87.6% from 60.5% through participation in capital calls and an arbitration decision. The Boursa Kuwait-listed firm expects the transaction to reflect positively on its …
Companies Investments
The rating outlook was maintained at ‘Negative'
8 March 2020 10:47 AM S&P maintains KIPCO’s ratings, outlook
Mubasher: Standard and Poor's (S&P) has maintained Kuwait Projects Holding’s (KIPCO) long-term issue credit rating at ‘BBB-’ and the short-term issue credit rating at ‘A-3’.  The company's outlook was also maintained at ‘Negative', according to a …
Ratings
Burgan Bank expects the deal to improve the quality of its assets
28 January 2020 09:51 AM Burgan Bank gets approval for selling stake in Bank of Baghdad
Mubasher: The Central Bank of Iraq (CBI) has approved the sale of Burgan Bank’s 51.8% stake in Bank of Baghdad to United Gulf Holding Company (UGH), a sister company of the Kuwait-based bank and another subsidiary of the Kuwait Projects Holding …
Mergers and Acquisitions
KIPCO's headquarters
17 January 2020 06:00 PM Moody's affirms KIPCO's ratings at Baa3; Outlook revised to negative
Mubasher: Moody's Investors Service has affirmed Kuwait Projects Holding’s (KIPCO) Baa3 long-term issuer rating and P-3 short-term issuer rating, according to a statement. The international rating agency affirmed the provisional (P)Baa3/(P)P-3 …
Ratings
The bonds carry a maturity period of seven years
23 October 2019 02:03 PM KIPCO offers $500m bonds; oversubscribed 7 times
Mubasher: Kuwait Projects Holding (KIPCO) has issued $500 million bonds that are listed on the London Stock Exchange (LSE), with a 4.229% fixed interest rate. The bonds were issued under the company’s $3 billion Euro Medium Term Note Programme …
Bonds
Gulf Insurance’s profits surged to KWD 4.37 million in Q2-19
12 September 2019 04:26 PM KIPCO raises stake in Gulf Insurance at 675 fils/shr
Mubasher: Kuwait Projects Holding (KIPCO) has increased its stake in Gulf Insurance Group on Wednesday, 11 September, Boursa Kuwait disclosed on Thursday. One of KIPCO’s board members has purchased around 208,852 shares in Gulf Insurance at a …
Board of Directors
The company is focusing on acquisition
1 August 2019 03:24 PM KIPCO forecasts $100m dividends in 2019
Mubasher: Kuwait Projects Holding (KIPCO) is expecting to pay up to $100 million in cash dividends in 2019. The company is focusing on acquisition in the educational sectors, along with investment opportunities in banking and insurance …
Cash Dividends
Headquarters of KIPCO
29 July 2019 03:48 PM KIPCO’s profits add 10% in Q2-19
By: Mohamed Farouk Mubasher: Kuwait Projects Holding (KIPCO) reported a 10% year-on-year (YoY) increase in profits during the second quarter of 2019 to KWD 7.1 million ($23.4 million) from KWD 6.42 million ($21.2 million). Earnings per share rose …
Financial Results
"We are proud to have led this successful transaction"
27 July 2019 09:25 PM KAMCO Investment advises KIPCO’s capital hike issue
Mubasher: KAMCO Investment has acted as an issuance advisor and subscription agent in Kuwait Projects Holding’s (KIPCO) capital increase issue of 452.75 million shares, according to a company statement released on Saturday.  “In line with our …
Companies Investments
KIPCO’s authorised capital amounts to KWD 200m
18 July 2019 11:25 PM KIPCO announces completion of capital hike issue
Mubasher: Kuwait Projects Holding’s (KIPCO) has announced the completion of the subscription in the company’s capital increase issue of 452.75 million shares. The Kuwait-listed company’s shareholders subscriptions exceeded the offered shares, …
Corporate Actions
KIPCO received approval from CMA to increase its capital by 29.3%
13 June 2019 05:25 PM KIPCO’s board nods to capital increase through public share sale
Mubasher: Kuwait Projects Holding’s (KIPCO) board of directors has approved raising the company’s capital through public offering of 452.749 million shares for its shareholders registered in the company’s shareholder register on the record date, …
Board of Directors
Profits levelled up 15% to KWD 6.5 million in Q1-19
22 May 2019 11:30 AM KIPCO eyes $100m net profit in 2019
Mubasher: Kuwait Projects Holding’s (KIPCO) is expected to generate a net profit of $100 million this year, the company’s group financial control said. In the first quarter of 2019, KIPCO received $62 million of the expected amount, representing …
Companies Investments
KIPCO’s profits amounted to KWD 6.5 million in Q1-19
15 May 2019 02:31 PM KIPCO’s Q1 profit hits KWD 6.5m on higher revenues
Mubasher: Kuwait Projects Holding’s (KIPCO) reported a 15% growth in profits during the first quarter of 2019, compared to the year-ago period. KIPCO’s profits amounted to KWD 6.5 million ($21.4 million) during Q1-19, up from KWD 5.6 million …
Financial Results
KIPCO owns a 50.04% stake in Burgan Bank
7 May 2019 09:31 AM KIPCO looks at merger options for Burgan Bank
Mubasher: Kuwait Projects Holding (KIPCO) is looking at merger options for Burgan Bank, KIPCO’s vice chairman Faisal Al Ayyar told Al Arabiya. He added that KIPCO, which owns a 50.04% stake in Burgan Bank, has not commenced any negotiations for …
Mergers and Acquisitions
We are optimistic about the growth of our profits in 2019
10 April 2019 07:27 PM KIPCO to focus on M&A deals – Vice Chairman
Mubasher: Kuwait Projects Holding (KIPCO) will focus on merger, acquisition, and exiting transactions in the coming months, the company’s vice chairman Faisal Hamad Al Ayyar said on Wednesday. Given KIPCO’s positive performance in the first …
Mergers and Acquisitions
KIPCO registered a profit of KWD 7.91 million ($26.06 million) in the three-month period ended last December
21 March 2019 05:14 PM KIPCO logs 20% profit rise in 2018; dividends proposed
Mubasher: Kuwait Projects Holding (KIPCO) reported a 524% year-on-year profit hike in the fourth quarter of 2018. KIPCO registered a profit of KWD 7.91 million ($26.06 million) in the three-month period ended 31 December 2018, from QAR 1.27 …
Cash Dividends
KIPCO will raise its capital to KWD 200 million
18 March 2019 05:15 PM KIPCO receives CMA approval for 29% capital hike
Mubasher: The Capital Markets Authority (CMA) of Kuwait approved for Kuwait Projects Holding (KIPCO) to increase its issued and paid-up capital by 29.3% of the current issued capital. KIPCO will raise its capital to KWD 200 million from KWD 154.72 …
Corporate Actions
The company’s rating is based on its strong and diverse portfolio
13 March 2019 04:16 PM Moody’s affirms KIPCO rating, outlook stable
Mubasher: Moody's Investors Service has affirmed the credit rating of Kuwait Projects Holding (KIPCO) at Baa3/P-3, with a stable outlook. The company’s rating is based on its strong and diverse portfolio in the Middle East and North Africa (MENA), …
Ratings
Photo archive of KIPCO's meeting
21 February 2019 05:36 PM S&P affirms KIPCO’s ratings, Negative outlook
Mubasher: Kuwait Projects Holding (KIPCO) said that the rating agency Standard & Poor's (S&P) the long- and short-term credit ratings at ‘BBB−’ and ‘A-3’, respectively, according to a bourse disclosure on Thursday. The global rating agency has …
Ratings
United Real Estate will develop Marriott’s St Regis
10 February 2019 05:21 PM Marriott, United Real Estate to open resort in Morocco
Mubasher: United Real Estate, a subsidiary of Kuwait Projects (KIPCO), has agreed with Marriott International to open a resort near Marrakech, Morocco, according to Reuters. Located in central Morocco, the St. Regis Marrakech should open in 2024, …
Real estate
These bonds were previously issued in February 2014
6 February 2019 00:11 PM KIPCO repays $233m bonds
Mubasher: Kuwait Projects Holding (KIPCO) has repaid bonds valued at KWD 232.8 million (KWD 70.6 million) as on date 5 February 2019. KIPCO has repaid the five-year bonds in addition to $5.6 million ($1.7 million) representing interests until …
Companies Investments
KIPCO closed Monday’s session 0.95% lower at 208 fils
10 December 2018 04:03 PM KIPCO elects KAMCO as legal representative for KWD 100m bonds
Mubasher: Kuwait Projects Holding (KIPCO) announced its first meeting for the bondholders committee of KWD 100 million bonds that will be matured in November 2023. The bondholders committee of KIPCO has elected KAMCO Investment as its legal …
Bonds