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FINANCIAL NEWS
Kuwait Projects eyes insurance partnership
19 Sep 2010
(MENAFN) Kuwait Projects Co (Kipco), the country’s biggest investment company by assets, said it was in talks with an outside party to establish a strategic partnership in the insurance sector, Reuters reported.
Kipco owns a 70 percent stake in Gulf Insurance, according to bourse data.
Separately, Kipco’s vice chairman Faisal Al-Ayyar told Kuwaiti daily newspaper Al-Qabas in an interview published on Sunday that the firm’s commercial banking arm, Burgan Bank is eyeing at least $300 million from a bond issue.
Kipco, the country’s biggest investment firm, launched a $500 million bond issue in July with a 10-year tenor and a yield of 9.5 percent, and was oversubscribed by almost four times.
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BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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