Tag Archives: KIPCO

KIPCO to double profits on OSN’s growth

Kuwait Projects Co (KIPCO), announced its plans to its double profits by 2018 backed by the growth in the subscriber base of Dubai-based pay-TV operator, OSN, and hopes that the dividend potential over the next five years could be as much as USD 1 billion. KIPCO revealed its overall Q1/2015 revenues and profits wherein it [...]

KIPCO grows 20% in Q2 net profit

Kuwait Projects Co (KIPCO) has announced a 20% rise in second-quarter net profit end-June 30 which was recorded at KWD 11.4 million (USD 40.4 million), compared to KWD 9.5 million (USD 33.7 million) in the same period last year. Investment banking company, Arqaam Capital, had however assessed KIPCO to make a profit of KWD 12 [...]

KIPCO offered to buyout OSN

Kuwait Projects Co. (KIPCO), one of the largest listed investment company in the Gulf, has received an offer to buy 100% of the pay-TV company, OSN, from unnamed bidder KIPCO owns 60.5% of OSN while Saudi Arabia-based Mawarid Group owns the rest. Brokerage, Arqaam Capital, had last year valued OSN at USD 4.3 billion. According [...]

OSN denies KIPCO’s IPO plans

Middle Eastern pay-TV operator, OSN, announced that the company has “no current plans” for a stock market flotation, after its parent company, Kuwait Projects Co (KIPCO), in March 2014, said that it planned to start the process for an initial public offering (IPO) of OSN shares. “The shareholders are looking at the options that they [...]