KIPCO’s annual Shafafiyah (Transparency) Investor’s Forum which began in 2004 – provides an opportunity for KIPCO’s core operating companies to present a review of 2006 and 2007 earnings forecasts to shareholders, partners and institutional investors.

KIPCO’s Shafafiyah Investor’s Forum 2007 will take place on Monday, 14th May at 12.30 p.m. at the Sheikha Salwa Al Sabah Theatre, Gulf Street, Salmiya.

This year’s Forum will feature presentations from United Gulf Bank, the Gulf Insurance Company and KIPCO. All three companies recorded significant increases in their first quarter profits in 2007, due to the major impact of the sale of holdings in Wataniya Telecom. Burgan Bank presented its 2007 forecast at a separate Shafafiyah event in April.

Mr Faisal Al Ayyar, KIPCO’s Managing Director and Chief Executive, said that this year’s Forum will provide an opportunity for KIPCO to describe its business strategy following the recent sale of the company’s holdings in Wataniya:

“Our annual Shafafiyah Forum has created a healthy dialogue between our shareholders, partners and Kuwait’s financial community. However, this year’s event will be extra-special because it is the first opportunity we have had to outline our future business strategy following the sale of Wataniya. Many people have asked us what we plan to do after such a massive deal and our Forum allows us to outline our plans. We are also extremely proud that for each of the last three years, our core companies have matched or exceeded the predictions they gave to investors. I fully expect our enviable track record to continue at this year’s Forum."

Shafafiyah 2007 Webcast
Shafafiyah 2007 Presentation (English)