05 Nov 2014
(MENAFN) Kuwait Projects Company (KIPCO), the GCC’s largest investment company, reported it has registered an increase in its net profit by 26 percent during the July-September period of this year, Gulf Daily News reported.
During the third quarter of this year, KIPCO said that it posted a net profit of USD34.8 million, an increase compared with USD21.08 million during the same period of 2013.
KIPCO, a regional investment house with stakes in media, industrial, financial and real estate companies, also said that it rejected a takeover offer from a US private equity firm, which was worth USD3.2 billion, for its pay-television subsidiary OSN.
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