KIPCO’s operations extend across the Middle East and North African region, from the Atlantic Ocean to the Arabian Sea. With holdings in sectors such as financial services, media, manufacturing and real estate, KIPCO Group comprises over 60 companies and employs over 12,000 people in 24 countries. Founded in 1975, KIPCO has since become one of the MENA region’s most successful companies. KIPCO’s primary business sectors are financial services and media. In financial services, KIPCO Group companies include Burgan Bank Group – one of the region’s biggest banking groups with operations in Algeria, Iraq, Kuwait, Malta, Tunisia and Turkey. KIPCO also has a majority holding in Gulf Insurance Group - one of the region’s biggest insurance groups - with operations in Bahrain, Egypt, Iraq, Jordan, Lebanon, Kuwait, the United Arab Emirates, Saudi Arabia and Syria. In the media sector, KIPCO has majority ownership of OSN – the region’s biggest and most successful pay-TV company – which broadcasts high quality Arabic, English and Filipino content using the latest technology.
United Gulf Holding Company B.S.C
78.63%
A subsidiary of the KIPCO Group, UGH conducts merchant banking activities through its regional network of subsidiaries and associates. The Company’s proprietary investments include assets in commercial banking, real estate, private equity, and quoted securities. As at 31 December 2017, assets under management held through its wholly-owned subsidiary, United Gulf Bank (UGB), totalled US$ 10.8 billion.
The Company’s core subsidiaries and associates include: United Gulf Bank, KAMCO Investment Company, FIMBank, Burgan Bank, North Africa Holding Company, United Gulf Financial Services – North Africa, Takaud Savings & Pension Company, United Capital Transport Company and United Real Estate Company.
Incorporated on 28 June 2017 and licensed as a Holding Company by the Ministry of Industry, Commerce and Tourism, UGH was listed on the Bahrain Bourse on 28 September 2017. The Company’s authorised share capital is US$ 252.7 million with an issued and paid up capital of US$ 206.5 million.
Burgan Bank K.P.S.C
8.50%
Established in 1977, Burgan Bank is the youngest commercial Bank and second largest by assets ($23.7Bn as at Dec 2016) in Kuwait, with a significant focus on the corporate and financial institutions sectors, as well as having a growing retail and private bank customer base. The Bank has five majority owned subsidiaries; Gulf Bank Algeria, Bank of Baghdad, Jordan Kuwait Bank, Tunis International Bank & fully owned Burgan Bank Turkey. The Bank Fitch rating A+ and A3 by Moody’s. Burgan Bank is a member of the KIPCO Group.
FIMBank p.l.c. 100%
FIMBank is a leading provider of trade finance, factoring and forfaiting solutions. The Bank forms part of the KIPCO Group, one of the largest diversified holding companies in the Middle East and North Africa. FIMBank’s head office is located in Malta, a country with a millennial trading tradition and a successful financial services centre, further enhances its profile as an institution dedicated to facilitating trade between emerging and developed economies, a mission which is underlined by a commitment to offer innovative products backed by the best service possible to its clients
