Qurain Petrochemical Industries Company
Qurain Petrochemical Industries Company (QPIC) was established in 2004 with a total capital of one hundred and ten million Kuwaiti Dinars distributed over a billion and one hundred million shares. The company was founded with a clear direction from the government of Kuwait represented by the Petrochemical Industries Company (PIC) in order to engage the private sector to participate within the Oil and Gas sectors and create local industries that add value to our national economy and it was listed in Boursa Kuwait in 2007.
QPIC is one of the biggest private investors in the petrochemicals sector in Kuwait with total assets of around US$2.6 billion with a prime focus on the Energy and Industrial sectors, which we aspire to further grow.
Our Investment portfolio combines stakes of Kuwait’s largest petrochemical projects such as Equate Petrochemicals (Equate), The Kuwait Olefins Company (TKOC) and Kuwait Aromatics Company (KARO). In addition to our significant stakes being a majority shareholder in Saudia Dairy & Foodstuff Company (SADAFCO), United Oil Projects Company (UOP), as well as National Petroleum Services Company (Napesco), Inshaa Holding and Jassim Transport & Stevedoring Company (JTC).
QPIC is part of Kuwait Investment Projects Company (KIPCO) group of companies. KIPCO Group is one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 34 billion as at 31 December 2019. The Group has significant ownership interests in over 60 companies operating across 24 countries. The group’s main business sectors are financial services, media, real estate and manufacturing. Through its core companies, subsidiaries and affiliates, KIPCO also has interests in the education and medical sectors.
We will achieve our vision through direct and indirect investments in new ventures and established companies, leveraging our market/industry knowledge and innovative investment approaches to create a diversified and balanced risk-return portfolio.
To become a leading private holding company in the Energy, Petrochemical and Industrial sectors in Kuwait, and a key player in the GCC and selected countries, consistently achieving shareholders expectations