72. Kuwait Projects Company (Holding) -KIPCO

Country: Kuwait
Sector: Investments
Group CEO: Dana Nasser Al Sabah
Market Value: $1.9 billion
Sales: $4.2 billion
Profits: $216 million
Assets: $40.1 billion

KIPCO is a holding company focused mainly on investments in financial services, media, and real estate. It recently expanded into new sectors, including energy, foodstuff, healthcare, manufacturing, and logistics. In December 2023, the company completed the sale of its 46% stake in Gulf Insurance Group to Fairfax Financial Holdings for $832 million, resulting in a net profit of $237 million for KIPCO. In April 2024, KIPCO’s OSN Group acquired a 55.45% stake in the Abu Dhabi-based music and entertainment streaming platform Anghami.