KIPCO Focuses on Growth Across Companies & Wealth Creation for Shareholders
- gceosocial
- May 1
- 2 min read
Updated: May 11
‘We strive for stable & growing cashflows from sustainable dividends & growth of key businesses’ says Group CEO
KIPCO held its Annual General Assembly, chaired by the company’s Vice Chairman, Sheikh Abdullah Naser Sabah Al Ahmad Al Sabah. The AGM approved all items on the agenda.
KIPCO’s Group Chief Executive Officer, Sheikha Dana Naser Sabah Al Ahmad Al Sabah, gave a presentation following the AGM in which she highlighted the achievements of 2024 and gave an outlook for 2025.
Strategic Priorities
KIPCO's strategic journey involves three phases: assessing its portfolio and capital structure, implementing reforms for shareholder value through engagement with subsidiaries and strategic transactions, and focusing on growth in existing and new markets.
Sheikha Dana Naser Al Sabah outlined KIPCO’s strategic journey since 2022, stating:
“In 2022, we embarked on a strategic journey aimed at paving the way for sustainable growth and long-term value creation. As we focus on growth across our companies, we believe that we have positioned KIPCO as a future-ready holding company that is ready to harness synergies and identify new business opportunities.”
Liability Management
KIPCO has proactively managed liabilities, repaying US$ 1.15 billion in bonds and loans, including a US$ 525 million facility, to strengthen its capital structure.
KIPCO’s 2024 Results
In 2024, KIPCO's revenue rose 16.4% to KD 1.5 billion, with net profit at KD 15.6 million. Total assets increased to KD 13.0 billion, and shareholder equity grew to KD 633.9 million, reflecting enhanced portfolio performance.
Geographic Footprint
KIPCO sees significant opportunities in the MENA region, with 65% of its assets in Kuwait and the Gulf Cooperation Council, despite regional instability.
Major Transactions
Burgan Bank acquired 100% of United Gulf Bank, expanding into GCC markets and integrating banking services. OSN received a 30% investment from Warner Bros. Discovery, boosting content growth and market leadership.
Digital Transformation
KIPCO emphasizes digital transformation to enhance performance. Burgan Bank Turkey's digital platform, ON, gained significant market share, while OSN+ and Anghami improved user experience with new features.
Our
Focus
KIPCO aims to enhance shareholder wealth through deleveraging, improving company performance for double-digit growth, and ensuring stable cashflows from sustainable dividends.
