May 28, 2017 9:01 AM ET

Capital Markets

Company Overview of International Petroleum Investment Company PJSC

Company Overview

International Petroleum Investment Company PJSC is a sovereign wealth fund of the Emirate of Abu Dhabi. It specializes in investments in energy and energy related industries across the hydrocarbon value chain, including exploration and production, shipping and pipelines, downstream retail and marketing, petrochemicals, power and utilities, and industrial services. The firm seeks to invest globally. It prefers to make long term investments and seeks an active participation on the Board of Directors and other strategy-making bodies of its portfolio companies. International Petroleum Investment Company PJSC was founded on May 29, 1984 and is based in Abu Dhabi, United Arab Emirates.

IPIC Square

Muroor 4th Road

P.O. Box 7528

Abu Dhabi,  

United Arab Emirates

Founded in 1984

81,760 Employees

Phone:

971 2 633 6555

Fax:

971 2 633 0111

Key Executives for International Petroleum Investment Company PJSC

Managing Director and Board Member
Compensation as of Fiscal Year 2016.

International Petroleum Investment Company PJSC Key Developments

International Petroleum Investment Company Announces Earnings Results for the First Half of 2016

International Petroleum Investment Company announced earnings results for the first half of 2016. For the first half, the company reported operating profit for the first half of 2016 was $1.43 billion, compared to $1.55 billion for the same period of 2015. revenues of $16.09 billion in the first half of 2016, compared to $18.67 billion in the corresponding period a year earlier. Net cash from operating activities of $1.65 billion in the period, compared to $1.73 billion in the first half of 2015. Loss of $998 million due to marking to market its 5.04% equity stake in UniCredit.

Mubadala Development Company and International Petroleum Investment To Reportedly Merge

Mubadala Development Company PJSC and International Petroleum Investment Company PJSC are reportedly planning to merge. In late June, Abu Dhabi announced that it has formed a committee led by Deputy Prime Minister Sheikh Mansour bin Zayed al-Nahayan to oversee the process. Abu Dhabi's government has hired Bain & Co and Landor Associates to advise on the merger

International Petroleum Investment Company PJSC Announces Earnings Results for the Year 2015

International Petroleum Investment Company PJSC announced earnings results for the year 2015. The Group announced revenues of USD 35.8 billion for fiscal year 2015, compared to USD 51.1 billion recorded for the fiscal year 2014. The Group also announced net profit down from USD 1.5 billion in 2014 to a loss of USD 2.6 billion in 2015. The 2015 results are primarily attributable to the biggest slump in oil prices in 14 years and lower margins in the Group’s midstream and power business.

Similar Private Companies By Industry

Company Name Region
Abu Dhabi Securities Exchange Middle East/Africa
ABWAB Capital Limited Middle East/Africa
ADS Securities L.L.C. Middle East/Africa
Al Brooge Shares & Bonds Company- WLL Middle East/Africa
Al Safwa Mubasher Financial Services PrJSC Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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