KIPCO Appoints New Group CIO and Deputy CIO to Boost Investment Strategy

Kuwait, 15 January, 2025 :  Kuwait Projects Company (Holding) (KIPCO) has announced two key executive promotions to drive its growth and enhance the performance of its portfolio companies. Effective January 6, 2025, Sheikh Sabah Mohammad Abdulaziz Al Sabah will transition to the role of Group Chief Investment Officer (CIO), while Mr. Samer Abbouchi is promoted to Deputy Group CIO.

These appointments are part of KIPCO’s efforts to optimize its investments, explore new business sectors, and enhance long-term portfolio performance. Sheikh Sabah, who has been with KIPCO for many years, previously served as Chief Strategic Projects Officer and will now lead the company’s investment strategy, focusing on sustainable and profitable growth.