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August 02, 2015 5:37 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

19,892 Employees

Phone:

971 2 633 6555

Fax:

971 2 633 0111

Key Executives for International Petroleum Investment Company PJSC

Managing Director and Director
Compensation as of Fiscal Year 2015.

International Petroleum Investment Company PJSC Key Developments

International Petroleum Investment Company Announces Earnings Results for the Year 2014

International Petroleum Investment Company announced earnings results for the year 2014. For the year, the company reported that its revenue fell to AED 188 billion compared to AED 194 billion in 2013, a decline of AED 6 billion largely due to fall in crude in oil prices offset by new acquisitions made by the group in 2014. The company said its profits for 2014 were down by AED 2.3 billion compared to a year earlier, adding that it made a profit of AED 7.9 billion in 2013, which reduced to AED 5.6 billion in 2014 as a result of the decrease in revenue offset by the exchange gains on Euro denominated financial liabilities.

Borealis IPO Possible As Co-owner IPIC Gets New CEO

OMV Aktiengesellschaft (WBAG:OMV)'s outgoing Chief Executive Officer, Gerhard Roiss said that Borealis AG might launch an initial public offering under the new management of co-owner International Petroleum Investment Company PJSC.

IPIC Announces Board Changes

On 22 April 2015, an Emiri Decree was issued reorganising the Board of Directors of the International Petroleum Investment Company (IPIC). H.E. Suhail Al Mazrouei has been appointed to IPIC's Board of Directors as its Managing Director and replaces Mr. Khadem Al Qubaisi who has not been re-appointed. H.E. Yousef Omair bin Yousef also departs the Board of Directors. There were no other changes.

Similar Private Companies By Industry

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Recent Private Companies Transactions

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

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To contact International Petroleum Investment Company PJSC, please visit www.ipic.ae. Company data is provided by Capital IQ. Please use this form to report any data issues.

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