g:'1,·..-,t,KIPCO

Ref: KIPCO/DGCEO 151/23 dated December 28, 2023

Boursa Kuwait Company

State of

Kuwait

Subject:

Supplementary Disclosure regarding the

completion of transaction procedures with a

related party

With reference to the above subject, and pursuant to

the requirements of module 1 O ("Disclosure and

Transparency") of the Bylaws of law No. 7 of 2010,

regarding the establishment of the Capital Market

Authority and the regulation of securities activity, as

amended, regarding the disclosure of material

information and announcement mechanism thereto.

Attached is the supplementary disclosure form of

material information.

Sincerely,

�I

.t..a.,aa '-!JJ.

/ i.1UI

�

I

'-.SJJ

l';:- � �1,-1,alD,1 ,-�)'I Q� J,.s... 6l.&.:ii! :f.,.a,t..31

J

j..J)a

'-w

y:WI

ytiS..11

I"�� )L.c._,

,11�I

t�,.JI �!

i_;..:,,'J4

W (7) rJ_; w.Jlull �-lJiiil1 W�I UA ("�u.i!.llJ cl.&.:ii"II")

�1

-,

�1.1::i� . I:.�

Jl,.JI -,

I�

l..!ul -�

2010

-

Lj

.J.J

r,:--.J

�..,....

- f,

• u .

�.J '-:!.JA»JIwt..._,l-11 uc,

c:l..wai'J4 � L.:!i ,��.J

.�

i.:.,�)'I

g:'>u::':,·- KIPCO

h

h

Samer K anac

et

De

u

Grou

CEO

p

ty

p

..!I ·I: .p .u:, (�WI) �I &.,l.t..o ciS'�

.

+965 2294 3400

!:9S..l.l9.J,l,allg ell uaJ.I JUI ..,...�

..::.,igSJI a.t.!..1.o -� '� �"

Kuwait Projects Company (Holding) K.S.C.P.

a

-,.955 2244 4356

��J�.l 504,847,626.9CC

eygS:JI 13100 ,o!Adl 23982 .-.,.ua

23118 :.s.,�:I J:?,..JI p,9J

II

ldpco@kipco.com

Authorized, Issued er!d Paid up

KIPCO Tcwar, Sharq, Kuwait City

Commercial register: 23118

8

ww,,..kipco.com

Cap!tsl: KD 504,847,626.900

P.O. Box 23982 Safat, 13100 K#"

J.S...ll

l...d1I

[

l_,...i

c

Supplementary Disclosure Form

28/12/2023

Kuwait Projects Holding Company K.S.C.P.

"KIPCO"

Supplementary

Disclosure

regarding

the

completion of transaction procedures with a

related party.

w..:::a ul

l

1

w.a

r-4,:il)'I u� J..& cl....:ai l

r-

Y.-

•a..a.J� u..>-6 �

13/12/2023

We would like to inform you that KIPCO has

completed

the procedures

for

a

sale

transaction of equity stake totaling 52.92% of

the issued and paid-up capital

of

its

subsidiary

United

Petroleum

Pro ec

s

j

t

Company K.S.C.C for a total consideration of

KD 15,029,920 with the National Petroleum

Services Company K.S.C.P.

(KIPCO's

Group subsidiary

with an

ownership of

60.53%).

w..:::a u r-lY.-J

w..:il

.li # d� �1 ..l_,i

1

u--

l.al4l1 � �

JWI W"I

.J

%52.92

�I

�..,.:11 �till�__,.:} t..,u.J1

.;�I

�.

:. ..-::.

� ..

U

.J

.d,

, .. 11

-

I

�

f'·

.r,.IJ"

�'.JJ'+'

t1...JL.wlAJJ

�_,]I

�__,.:}I

�!

.�...l

15,029,920

t..i.l..:i�

')

�

�

"

U

.-:.11

ul....ii.ll

->""

·I..·

·/"·U'l

�.JJ'+'

(%60.53¥1..�#��

There is no material financial impact on KIPCO's consolidated financial statements, as the sale and purchase transaction took place between the parent and a subsidiary, and the impact will be eliminated on consolidation.

�

U�

� <.j

�

_;t �.J:I 'i

I u

I

..ll...

u.i:i r-I..,.:11.J �I� ul � fi#J�I

u_,... �4.J

�till �__,.:11

'il �__,.:11 �

.J

r

- ·A-�,,

.ilc.

S'JI ..il.a..il...,I

�

·r::r--

_JJ

•

g;u;·- KIPCO

Samer Khanachet

Deputy Group CEO

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Kuwait Projects Company (Holding) KSC published this content on 28 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 December 2023 11:24:42 UTC.