Kuwait Projects Company (Holding), a Kuwait-based holding company, has appointed Moustapha Chami as its new Group Chief Financial Officer, effective May 1, reinforcing its focus on financial discipline and long-term value creation.
Chami succeeds Sunny Bhatia, who stepped down from the role citing family reasons.
A long-standing member of KIPCO, Chami joined KIPCO in 2009 and most recently served as Deputy Group CFO since 2022.
In that role, he worked closely with senior leadership on financial planning, capital allocation and oversight of portfolio performance, building a deep understanding of the Group’s financial architecture and strategic direction.
Commenting on the appointment, Sheikha Dana Naser Sabah Al Ahmad Al Sabah, Group Chief Executive Officer of KIPCO, said the move reflects both continuity and confidence in internal leadership.
“Having worked closely with the Group’s leadership and portfolio companies, he brings strong financial expertise, deep institutional knowledge and a clear understanding of KIPCO’s strategic priorities. His appointment ensures continuity and supports the Group’s continued focus on disciplined financial management and long-term value creation,” she said on behalf of the Board.
KIPCO has built a diversified portfolio across the Middle East and North Africa over more than three decades. Its investment strategy centres on acquiring, building, scaling and exiting businesses across sectors including financial services, food, petrochemicals and oil services, media, real estate and education.
The Group’s financial services portfolio spans commercial banking, asset management and investment banking, positioning it as a significant regional player with a long-term, value-driven investment approach.