Kuwait Projects Company (Holding) - Investor Presentation
KIPCO-QPIC Merger
On March 14, 2022, KIPCO announced reaching a preliminary
agreement to merge by amalgamation with Qurain
Petrochemical Industries Company (QPIC)
The two companies signed a Memorandum of Understanding
(MoU) whereby they agreed to assess the merger proposition
KIPCO shall be the merging entity and QPIC shall be the
merged entity
QPIC shareholders will receive KIPCO shares. It will be a non-
cash transaction for KIPCO
The merger is subject to a detailed process as per Kuwaiti laws
and regulations. This includes due diligence, valuation of both
entities and fairness opinion by licensed independent advisors,
in addition to regulatory approvals and the approval of
shareholders in the Extraordinary General Assembly of both
parties
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