Qurain Petrochemical Industries Company (QPIC) was established in 2004 as a holding company with a total capital of one hundred and ten million Kuwaiti Dinars represented by over a billion and one hundred million shares to over 450 thousand shareholders across Kuwait at inception and focuses on investing within Energy and Industrial sectors.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. QPIC is one of the biggest private investors in the petrochemicals sector in Kuwait and aspire to maintain stable growth while moving forward. 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).QPIC is part of Kuwait Investment Projects Company (KIPCO) group of companies- one of the biggest holding companies in the Middle East and North Africa. 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.
Sector: Oil & Energy
Year Established: 2004