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 quarter of 2019, the company is on the right track, the top official added.

In light of the improvement of our operations, we are optimistic – albeit cautiously – about the growth of our profits in 2019, Al Ayyar stated.

Earlier today, KIPCO’s general assembly approved the distribution of a 12 fils per share dividends, totalling KWD 18.17 million ($59.71 million).

In 2018, the Kuwait-listed company’s profit surged 20% year-on-year, recording KWD 23.57 million.