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KIPCO announces first half net profit of KD 9.6 million (US$ 33 million)
August 10, 2010
KIPCO - the Kuwait Projects Company - today announced a net profit of KD 9.6 million (US$ 33 million), or 8.53 fils (US$ 2.93 cents) per share, for the first six months of 2010 compared to KD 21.6 million (US$ 75.3 million) or 19.47 fils (US$ 6.78 cents) per share, for the same period last year.
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KIPCO completes US$500m bond issue
July 12, 2010
KIPCO – the Kuwait Projects Company – has announced the successful completion of a US$500 million (KD 144 million) bond issue under its US$2 billion Euro Medium Term Note (EMTN) Programme.
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UIC becomes KIPCO subsidiary
July 4, 2010
KIPCO - the Kuwait Projects Company - today announced that the United Industries Company (UIC) has become a subsidiary company of the KIPCO Group.
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Burgan Bank completes purchase of Tunis International Bank
June 27, 2010
Burgan Bank and United Gulf Bank (UGB) today announced that Burgan Bank has completed the purchase of Tunis International Bank from UGB.
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KIPCO's transparency 'head and shoulders above other companies' says report
June 21, 2010
KIPCO - the Kuwait Projects Company - has become the first corporate in Kuwait to be the subject of credit research by Standard Chartered Bank. The report highlights KIPCO’s transparency, low leverage and good liquidity.
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KIPCO announces KD 4.7 million (US$ 16.3 million) first quarter net profit
May 10, 2010
KIPCO - the Kuwait Projects Company - today announced a net profit of KD 4.7 million (US$ 16.3 million), or 4.22 fils (US$ 1.5 cents) per share, for the first three months of 2010 compared to KD 9.2 million (US$ 31.6 million) or 8.31 fils (US$ 2.9 cents) per share, for the same period last year.
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KIPCO - Work And Beyond

KIPCO expects profit growth in 2010.
At its annual Investor's Forum, KIPCO - the Kuwait Projects Company - said today that, despite the current financial climate, it is targeting an increase in profit and revenues for the year

KIPCO also announced that it intends to launch a Retakaful (reinsurance) company during 2010. The Retakaful company will partner with companies that have established distribution networks in the MENA region. KIPCO's new savings and pensions company - Taka'Ud Savings & Pensions - is the process of being established and is awaiting regulatory approval. Taka'Ud will offer the region's first range of private pensions and savings products.
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