Immediate Release

KIPCO appoints Sunny Bhatia as Group CFO

Kuwait City, 19 April 2022: KIPCO - Kuwait Projects Company (Holding) - has announced the appointment of Mr Sunny Bhatia as Group Chief Financial Officer. With more than 30 years of experience spanning across multiple financial services' sectors, Mr Bhatia will play a vital role in KIPCO's long-term growth plans.

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

"We are pleased that Sunny is joining KIPCO as the Group CFO. Sunny has a proven track record of leading high-performing finance teams. His well-rounded and business-oriented profile, together with his extensive regional and multinational experience, will add a lot of value to the company."

On his part, Mr Bhatia said:

"I am delighted to be joining KIPCO at this exciting time. I look forward to working with Sheikha Dana and her team to accomplish the Board of Director's vision for the company."

Prior to joining KIPCO, Mr Bhatia was the CFO of NBK Capital. He also held leadership positions in Global Investment House and the National Bank of Bahrain. He worked with KPMG, Siemens and PricewaterhouseCoopers in various capacities. Mr Bhatia holds a Bachelor of Commerce from Delhi University and is both a Chartered Accountant and Cost and Management Accountant.

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Notes to Editors:

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

T: +965 2294 3416

                                      M: +965 6033 6399

[email protected]