KIPCO Group CEOs meet in Kuwait

Thirty Chief and Senior Executives of KIPCO Group companies gathered together in Kuwait on October 1st.

The executives attending the meeting - representing companies from across the Middle East, North Africa and Asia and operating in sectors such as financial services, media, real estate and insurance - discussed ways to increase cooperation and promote synergy. The meeting was held at the Chairman's Club in Burgan Bank Tower.

Addressing the meeting, KIPCO's Group Chief Operating Officer, Samer Khanachet, said: "The KIPCO Group comprises companies operating in 26 countries across the world. Our meeting brings together the Chief Executives of all our companies to share ideas and ways of working together. The KIPCO Group is able to draw upon a uniquely deep reservoir of experience and expertise that helps it successfully meet its challenges and take advantage of its opportunities." The KIPCO Group is one of the biggest diversified holding companies in the Middle East and North Africa, with consolidated assets of US$ 22.1 billion as at 30 June, 2012. The Group has significant ownership interests in over 60 companies operating across 26 countries. The group' main business sectors are financial services, media, real estate and industry. Through its core companies, subsidiaries and affiliates, KIPCO also has interests in the education and medical sectors.

Released by the Office of Public Affairs on the 8th October 2012