Kuwait Projects K S C P : Transcript of the Analysts Conference
April 02, 2023 at 03:09 am EDT
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KIPCO FY 2022 INVESTOR CALL
March 2023
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Kuwait Projects Company (Holding) - 2022 investor call | 2
• Reported net profit of US$82mn; Shareholders equity increased to US$1,928mn
• Completed merger with QPIC :
• Fully equity funded transaction; each 1 share of QPIC exchanged for 2.24 shares of KIPCO
• Trading under a single ticker since 23rd November 2022
bought back US$343mn of existing bonds due in 2023 & 2024
• Signed US$525mn senior unsecured credit facility with
regional/international banks; an effective tenure of 3 years
• Ended the year with strong liquidity and repaid US$ 500mn EMTN in
March 2023
Kuwait Projects Company (Holding) - 2022 investor call | 3
CONSOLIDATED
FINANCIAL
PERFORMANCE
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Kuwait Projects Company (Holding) KSC published this content on 02 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 April 2023 07:08:09 UTC.
Kuwait Projects Company Holding KSCP is a Kuwait-based holding company engaged in the financial services, media, manufacturing and real estate sectors. The Company is organized, along with its subsidiaries, into six business segments: the Commercial banking segment covers commercial banking activities; the Asset management and investment banking segment covers asset management and investment banking activities, including asset management, corporate finance, investment advisory and research, and investment of the Company in sectors, such as education and healthcare; the Insurance segment represents insurance activities and other related services; the Media segment provides digital satellite network, Internet and other related services; the Industrial segment covers activities in industrial project development; the Hospitality and real estate segment includes activities in the hospitality and real estate sector, and the Others segment includes management advisory and consultancy.
KUWAIT PROJECTS COMPANY HOLDING K.S.C.P. 
