Kuwait Projects KSCP: Commenting on a news circulating on social media regarding KIPCO’s exit from its investment in Gulf Insurance.

Our reference: KIPCO/DGCEO 27/23 of March 23, 2023

Boursa Kuwait Company


Subject: Comment on a message circulating on social media regarding KIPCO exiting its investment in Gulf Insurance.

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In relation to the above subject and in accordance with Article (4-4) “Dealing with Rumors and News” of Module Ten (Disclosure and Transparency) of the Amended CMA Rules of Procedure and with reference to the news spread on social media about the Exit of Kuwait Projects Company Holding “KIPCO” from its stake in Gulf Insurance Company”, we would like to announce the following:

As a holding company, KIPCO evaluates exit opportunities for its investments from time to time in the ordinary course of its business. However, no binding and final purchase agreements have been entered into that might require disclosure under CMA regulations.

We also reaffirm our obligation to comply with the instructions of the Capital Markets Authority in this regard.

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Samer Khanachet


Deputy CEO of the Group

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Authorized Issued and Paid Capital: KD 504,847,626,900


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+965 2294 3499


Sharq, Kuwait City

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[email protected]


PO Box 23982 Safat

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13100 Kuwait


Commercial register number: 23118

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Kuwait Projects Company (Holding) KSC posted this content on March 23, 2023 and is solely responsible for the information contained therein. Published by Public, unedited and unmodified, on March 23, 2023 06:42:11 UTC.