United Oil Projects Company (UOP) is a member of KIPCO Group, acting as its industrial investment arm in the Oil, Energy and Petrochemical Sector through its affiliation with Qurain Petrochemical Industries Company (QPIC).
QPIC is a public listed company with a share capital of Kuwait Dinars 110 million, sourcing investments in the petrochemical sectors and its related service. QPIC was established by state owned petrochemical industries Company (PIC), to encourage the involvement of the private sector in major petrochemical projects locally and internationally and, hence, utilize the available wealth to setup local industries that add value to Kuwait’s national economy and provide job opportunities for the people of Kuwait.
KIPCO Group - one of the largest diversified holding companies in the Middle East and North Africa. KIPCO has significant ownership interests in a portfolio of over 60 companies operating across 26 countries. The company’s main business sectors are financial services and media. Through the subsidiaries and affiliates of its core companies, KIPCO also has interests in the industrial real estate, education and the management & advisory sectors.
KIPCO’s financial services interests include holdings in commercial and investment banking, asset management and insurance companies. The Group’s core operating companies in this sector include Burgan Bank, United Gulf Bank and Gulf Insurance Company. In the media sector, the Group has a presence through the Orbit Showtime Network, the leading pay-TV operator in the region.