Kuwait Projects Company (Holding) – KIPCO – is a holding company that focuses on investments in the Middle East and North Africa.
It’s strategy of acquiring, building, scaling and selling companies in the MENA region has worked successfully for over 30 years.
KIPCO’s main business sectors are financial services, media, real estate and industry. KIPCO’s financial service interests include holdings in commercial banks, insurance companies, asset management and investment banking.
Board of Directors
Sheikh Hamad Sabah Al Ahmad Al Sabah
Faisal Hamad Al Ayyar
Non-Executive Board Member
Abdullah Yacoub Bishara
Independent Board Member
Sheikha Dana Nasser Sabah Al Ahmad Al Sabah
Executive Board Member
Sheikh Abdullah Nasser Sabah Al Ahmad Al Sabah
Non-Executive Board Member
Sheikha Dana Nasser Sabah Al Ahmad Al Sabah
Group Chief Executive Officer
Sheikha Dana Nasser Sabah Al Ahmad Al Sabah was appointed KIPCO’s Group CEO in January 2022, and has been a Board Member since 2020. She is the Founder and Chair of the Board of Trustees of the American University of Kuwait (AUK) and the Chairperson of United Education Company. She was formerly the CEO of Al Futtooh Holding Company, and currently holds Board positions in Gulf Insurance Group, OSN and Kamco Invest. Sheikha Dana holds an Honorary Doctorate of Humane Letters from Dartmouth College, USA, and a BA in English Literature from Kuwait University. She also studied at Indiana University in Bloomington, USA.
Deputy Group Chief Executive Officer
Mr Khanachet joined KIPCO as General Manager in 1990. He moved to the United States in 1991 to head United Gulf Management, KIPCO’s US subsidiary, and identify strategic resources to support KIPCO’s activities in financial services, media and other sectors across the MENA region. Prior to being appointed KIPCO’s Deputy Group Chief Executive Officer in 2022, he held the position of Group Chief Operating Officer since 2008. He is a Board member of Burgan Bank and United Gulf Bank. He holds board and committee positions with the American University of Kuwait and the Massachusetts Institute of Technology. He holds two BSc degrees from MIT and an MBA from Harvard.
Group Chief Financial Officer
Mr Bhatia joined KIPCO in 2022, coming from NBK Capital where he served as CFO. With over 30 years of experience across different financial services, Mr Bhatia held leadership positions in Global Investment House and the National Bank of Bahrain. He also worked with KPMG, Siemens and PricewaterhouseCoopers in various capacities. He holds a Bachelor of Commerce from Delhi University and is a Chartered Accountant and Cost and Management Accountant.
Group Chief Investment Officer
Mr Kawkabani joined KIPCO in 2018 to lead strategic initiatives, and was appointed Chief Investment Officer in 2022. With over 20 years of experience in structuring and managing investments and ventures in frontier markets, Mr Kawkabani’s role involves setting and executing KIPCO’s investment strategy, as well as overseeing value creation and transformation programs across the Group. Prior to joining KIPCO, he set up and served as the CEO of CPC Africa. He has held several positions in leading regional and international organizations including Chief Investment Officer- MENA equities at Franklin Templeton, Co-Founder and Managing Director at Algebra Capital, and Head of Equity Asset Management at SHUAA Capital. He holds a bachelor’s degree in Business Administration from Saint Joseph University in Beirut.
Khaled Abdul Jabbar Al Sharrad
Group Chief HR & Admin Officer, Board Secretary
Mr Al Sharrad joined KIPCO Group as the Group Chief HR and Admin Officer in 1995. He plays multiple strategic roles for the Group in the capacity of KIPCO Secretary of the Board, Chairman of IKARUS United Marine Services Company, Board Director in Kuwait Furniture Manufacturing & Trading Company (KUFUMA) and Kuwait Association for Learning Differences (KALD), in addition to his participation as chair or member in several committees. He is a well-rounded leader with close to 31 years of proven organizational development and advisory experience covering areas such as strategic planning, corporate governance, organization design, talent management as well as business improvement. He holds a BA degree from St. Edwards University in Texas and is a certified professional in personnel management.
Moustapha Samir Chami
Deputy Group Chief Financial Officer
Mr Chami joined KIPCO in 2009 and held several positions in the Finance & Accounts Department. He was appointed Deputy Group CFO in 2022. Mr Chami leads the Group’s financial operations and planning, including governance and risk management. He is the Secretary of the Board Risk Committee and acts as a financial advisor to several Group companies. Mr Chami holds a bachelor’s degree in finance and MBA from the University of Saint Joseph in Lebanon. He is also a Certified Financial Analyst (CFA), Certified Public Accountant (CPA) and a Certified Management Accountant (CMA).
Mr Schumacher joined KIPCO in 2019. With close to 30 years of experience in corporate and investment banking, he has a proven track record of managing regional and global commercial banking businesses. Prior to joining KIPCO, Mr Schumacher held leading positions in Citi and HSBC, and was based between Riyadh, Abu Dhabi and Kuwait in the last decade. He holds a Bachelor of Commerce and an MBA from Concordia University in Canada. He is also a Chartered Financial Analyst.
Group Senior Vice President – Financial Control
Mr Rohtagi joined KIPCO Group in 2005 as a consultant at its India subsidiary, PKC Advisory, and moved to KIPCO Financial Control in 2007. With an experience of 20 years, he leads the Group planning and performance monitoring function along with debt capital markets activities. He is a member of Institute of Chartered Accountants, India, and the Association of Corporate Treasurers, UK. He holds a graduate degree from Delhi University and completed a Post Graduate Program in Data Science & Business Analytics from the University of Texas at Austin.
Eman Mohammad Al Awadhi
Group Senior Vice President – Corporate Communications & Investor Relations
Ms Al Awadhi joined KIPCO in 2010. She is responsible for coordinating the Group’s overall communications strategy and for KIPCO’s corporate communications, media relations, branding and marketing activities. She also manages communication between the company's management and its investors. Ms Al Awadhi has an extensive career in public relations, media and journalism. She was previously a member of the ‘Newsweek Arabic’ production team and the foreign correspondent at Kuwait News Agency, Kuwait’s official news wire. She holds a BA in English Literature from the University of Bahrain and is a Certified Investor Relations Officer (CIRO).
Riyad Mohammed Hanbali
Group Vice President – Internal Audit
Mr Hanbali joined KIPCO’s Internal Audit Department in 2004 and was appointed Group Vice President in 2022. Mr Hanbali oversees the internal audit functions throughout the KIPCO Group, including the development of strategic audit plans and performing quality reviews, as well as advising management and audit committees throughout the Group. He has close to 30 years of experience in public accounting and internal audit. Prior to joining KIPCO, he held managerial positions at Andersen and Ernst & Young. Mr Hanbali holds a bachelor’s degree in accounting from Kuwait University and a master’s degree in accounting from California State University, Sacramento. He is also a Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Chartered Global Management Accountant (GGMA) and a Certified Islamic Professional Accountant (CIPA).
Tawfiq Ahmad Al Jarrah
Executive Director - Hessah Al Mubarak District
Mr Al Jarrah joined KIPCO in 2016 as the Executive Director of Hessah Al Mubarak District, the first-ever mixed-use district in Kuwait. Mr Al Jarrah has more than 30 years experience in the real estate and financial sector. Prior to joining KIPCO, he was the Chairman and the Managing Director of Kuwait Commercial Markets Complex Company and before that the Director of the Commercial Banking Facilities Department at the Industrial Bank of Kuwait. He is the Chairman of the Real Estate Union Kuwait. Mr Al Jarrah holds a BA in Business from Baghdad University, the Certified Public Accountant (CPA) certificate and is a member of American Institute of Certified Public Accountants.
KIPCO’s holdings in the financial services sector include commercial banks, investment banks, asset management, and insurance. KIPCO Group companies offer a range of products and services for retail, small business and corporate customers. KIPCO’s core companies in the financial services sector are:
KIPCO’s investments in the media and technology sector include OSN – the region’s leading pay-TV broadcaster – and companies offering radio, online data, satellite and internet services. KIPCO’s core companies in the media & technology sector are:
KIPCO’s operations in the real estate and construction sector offer corporate clients and private investors opportunities to invest, sell, or lease commercial properties in the Middle East and North Africa, the UK and the USA. KIPCO’s presence in property development and management includes commercial, residential and hotel operations throughout the MENA region. KIPCO’s core companies in the real estate sector are:
KIPCO’s investments in the manufacturing sector include companies involved in dairy, food and beverage production and specialized services for the energy sector. These companies operate in Kuwait, Bahrain, Egypt, Lebanon, Qatar, Saudi Arabia and the UAE. KIPCO’s core companies in the manufacturing sector are:
KIPCO’s investments in the management and advisory service sector include companies that provide expertise in direct investment, finance, private placement, mergers and acquisitions, derivatives and corporate restructuring. These services are used by Group companies and external clients. KIPCO’s core companies in the Management & Advisory sector are:
Recognize Fraud, identity theft and Email Scams
It has come to KIPCO’s notice that there are fraud emails in different forms being circulated in attempts to deceive those who believe them. These emails might sometimes be identity theft emails, imitating KIPCO management, staff or other KIPCO related areas. We request you not to believe, open any links or reply to these emails.
KIPCO is not responsible in any way, financial or other, and is not to be held reliable for any fraud or scam emails being sent from any server other than www.kipco.com. And will not be responsible for any employment offers, commitments or other requests being made by such emails.
We request you to kindly take the necessary steps to identify the legitimacy of emails you receive. And to email us on email@example.com when you receive phishing emails though forwarding the message to us with the complete header information and will reply with information regarding the authenticity of the received.
We thank you for your co-operation.