Qurain Petrochemical Industries

QPIC focuses on investing within the industrial space, but has a strategic focus on Petrochemicals. QPIC's well-diversified portfolio of companies is distributed consist of three main segments: Petrochemicals, Oilfield services, Food Processing and Other industries engaged in logistics, power generation and basic materials manufacturing. QPIC's Petrochemicals presence combines stakes in some of Kuwait's largest petrochemical complexes such as Equate Petrochemicals Group in the Olefins side, represented by Equate Petrochemicals Co. (EQUATE), The Kuwait Olefins Co. (TKOC) and MEGlobal, in addition to the Aromatics business through QPIC's associate Kuwait Aromatics Co. (KARO) which combines controlling stakes in Kuwait Paraxylene Production Co. (KPPC) and The Kuwait Styrene Co. (TKSC). QPIC's Oilfield Services are represented by two subsidiaries: National Petroleum Services Co. (NAPESCO) and United Oil Projects (UOP). UOP presence in the oilfield services is represented by its two associate companies, Al-Khorayef United Holding Co. (Al-Khorayef) and United Precision Drilling Co. (UPDC). QPIC's Food Processing sector comprises of our subsidiary Saudia Dairy & Foodstuff Co. (SADAFCO), which is the leading brand in long-life milk segment in Saudi Arabia, in addition to having other food products. SADAFCO also has presence in international markets through its Polish subsidiary, Mlekoma. Other industries include Jassim Transport & Stevedoring Co. (JTC), which is active in the logistics, port management, power generation & equipment leasing sectors, and Insha'a Holding, a company that manufactures basic materials connected with building and construction. QPIC has also recently acquired a 29.50% equity stake in Advanced Technology Company (ATC), which is a leading end-to-end total healthcare solutions provider that is specialized in providing and maintenance of medical equipment in Kuwait. QPIC is part of Kuwait Projects Co. (Holding) group of companies (KIPCO Group). The KIPCO Group is one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 33.2 billion as at 30 June 2021. The Group has significant ownership interests in over 60 companies operating across 24 countries.