KIPCO says it sees enormous potential in its Middle Eastern pay-TV operation OSN.
At its annual Investors’ Forum in Kuwait City, the company outlined targets to double its 2014 profit by 2018.
KIPCO is confident of continuing growth in OSN’s subscriber base. It says the dividend potential over the next five years could be as much as $1 billion (€920 million).
It is significant that OSN was singled out – last summer it was the subject of a $32 billion bid from an unknown US equity company.
OSN was created in July 2009 from a merger between the Showtime and Orbit platforms.