Kuwait Projects Company (Holding) (KIPCO) announced that its Group Chief Financial Officer, Sunny Bhatia, will step down from his position effective March 31, citing family circumstances.

Bhatia has served as Group CFO since 2022, during which he oversaw the company’s finance, treasury, and capital markets functions. Throughout his tenure, he played a central role in advancing several strategic initiatives, strengthening the Group’s balance sheet, enhancing capital discipline, and proactively managing liabilities while supporting value creation across KIPCO’s portfolio companies, reports Al-Rai daily.

Commenting on the announcement, KIPCO Chief Executive Officer Sheikha Adana Al-Sabah expressed appreciation for Bhatia’s contributions, noting that his leadership significantly reinforced the Group’s financial position and supported the execution of key strategic projects.

“On behalf of the Board of Directors and the executive management team, I extend our sincere thanks to Sunny Bhatia for his dedication and efforts during his time at Projects,” she said.

“He played an important role in consolidating financial discipline and advancing strategic initiatives across our portfolio. We wish him continued success in his future endeavors.”

She added that the company’s established leadership structure will ensure a smooth transition period, affirming that KIPCO will continue to move forward with its strategic plans without disruption.