Kuwait City: KIPCO – Kuwait Projects Company (Holding) – has announced the appointment of Sheikh Sabah Mohammad Abdulaziz Al Sabah as Group Chief Strategic Projects Officer. With extensive knowledge in the industrial and petrochemical operations now under KIPCO’s portfolio, in addition to his experience in the investment sector, Sheikh Sabah will play an important role in greater value creation for shareholders.

Sheikha Dana Nasser Sabah Al Ahmad Al Sabah, KIPCO’s Group Chief Executive Officer, said:

“We are pleased to welcome Sheikh Sabah to KIPCO as the Group Chief Strategic Projects Officer. With his extensive experience in the operations of the companies that come into the KIPCO portfolio after the merger, Sheikh Sabah will be instrumental in our efforts to enhance performance across our industrial and petrochemical businesses. He will also be working closely with the rest of our executive team as we map out our strategy moving forward.”

On his part, Sheikh Sabah Mohammad Abdulaziz Al Sabah said:

“I am delighted to be joining KIPCO during this pivotal time. I look forward to working with Sheikha Dana and her executive team to implement the strategy for KIPCO moving forward, as we work to best utilize available resources and grow them.”

Prior to joining KIPCO, Sheikh Sabah was the Vice Chairman & CEO of Qurain Petrochemical Industries in 2022 and Vice Chairman and CEO of United Industries Company from 2013 to 2022. He is the Chairman of United Building Company and United Oil Projects, Vice Chairman of Jassim Transport & Stevedoring Company, and has held several board and executive positions in investment and industrial companies since 2006. Sheikh Sabah holds a Bachelor’s degree in Management and Organization from Kuwait University.

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About Kuwait Projects Company (Holding) – KIPCO

Kuwait Projects Company (Holding) – KIPCO – is a holding company that focuses on investments in the Middle East and North Africa. Its 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.

Further information:
Eman Al Awadhi              
Group Senior Vice President
Corporate Communications & Investor Relations
Eman.Alawadhi@kipco.com