IPG

WELCOME TO IPG

About Us

Independent Petroleum Group (IPG) was formed in 1976 and listed on the Kuwait Stock Exchange on December 10, 1995. The main objectives of the Group include marketing of petroleum products and crude oil and the establishment of petroleum logistics facilities to achieve its objectives.

IPG also established a wholly owned subsidiary outside Kuwait in the Commonwealth of the Bahamas under the name of Independent Petroleum Group Limited, to assist in the operations of the parent company. In 2014 the commercial register approved to change the company’s entity to become a Kuwait Public Shareholding Company and thus known to be Independent Petroleum Group KSCP.

Vision & Mission

Working efficiently and ethically for a sustainable future.

Corporate Governance

To view Our Corporate Governance click below link

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Board of Directors

Ali M.Al-Radwan Chairman NON-EXECUTIVE

Ghazi F.Alnafisi Vice Chairman NON-EXECUTIVE

Waleed J.Hadeed Board Member & Chief Executive Officer EXECUTIVE

CHAIRMANS MESSAGE

Dear Shareholders,

On behalf of the Board of Directors of the Independent Petroleum Group Company K.S.C.P.,

I am pleased to present the 48th Annual Report and consolidated financial statements to the Shareholders of IPG for the year 2024.

In 2024, IPG reported a net profit of 9.013 million KD, equivalent to 49.85 fils per share, an increase of 15.29% over that of the year 2023.

It has been quite an impressive year in spite of the ongoing conflicts in Europe and the Middle East and the fluctuations in the Oil market. IPG was still able to navigate through them and achieve positive results.

While we continue to pursue our core activities, we are also looking towards opportunities that would provide a basis to meet the latest market changes and environmental standards. As challenging as they may be, we believe the staff and Management in IPG are well experienced to meet them.

I would like to thank all our employees for their efforts and valuable contributions during the year. As always, we remain focused on operating responsibly as well as trying to provide sustainable long-term value for all our shareholders.

The Board of Directors continues to follow the policies and regulations of the Corporate Governance. The attached report highlights the achievements of the year 2024.

The members of the Board of Directors express their thanks and appreciation to all shareholders for their confidence in the efforts of IPG.

Ali M. Al-Radwan

Chairman of the Board of Directors