KIPCOlife

For business and social news from companies across the KIPCO Group, please find below the latest editions of our internal magazine:


Read in KIPCO Life October 2018

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JKB partners with Al Quds Bank

JKB and Al Quds Bank announced the signing of a strategic partnership whereby JKB’s branches in Palestine and its assets and liabilities will be merged with Al Quds Bank. As part of the agreement, JKB will acquire 10% of Al Quds Bank’s capital and obtain a seat on its Board of Directors.

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Hessah District infrastructure enters next phase

KIPCO announced the official handover of the Hessah Al Mubarak District infrastructure works to the relevant government entities. As such, Kuwait Municipality has now allowed developers to apply for construction permits for all residential and commercial land plots in the district.

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KIPCO announces net profit of KD 12.1 million for first half of 2018

KIPCO announced a net profit of KD 6.42 million (US$ 21.2 million), or 4.48 fils per share (1.48 cents), for the second quarter of 2018 (the three months ended June 30, 2018). This is a 14% increase over the KD 5.64 million (US$ 18.6 million) reported in the first quarter of the year.

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