with all 7 major Hollywood studios. As at 31 December 2018, OSN had around one million subscribers. United Gulf Holding Company B.S.C. (UGH): UGH is a public Bahraini shareholding company. It operates as a non-financial holding company of the activities of KIPCO Group. Through its subsidiaries and associates it has interest in commercial and investment banking and asset management services, the holding company also manages a diversified portfolio of investments in private equity funds, private equities, structured products, trading portfolios. Gulf Insurance Group (GIG): GIG is the market leader in Kuwait (by GPW and Direct Premiums), Bahrain and Jordan (by GPW) and Egypt (by Technical profit) among the private sector. GIG's product portfolio includes marine, aviation, property, casualty, motor, life and health insurance. United Real Estate Company (URC): URC is the 2nd largest listed real estate player on KSE in terms of assets. URC is an integrated real estate company, which invests in, manages and develops real estate properties in Kuwait and within the MENA region. United Industries Company (UIC): UIC invests in the downstream industries sector in Kuwait and the GCC states and it operates a diversified portfolio of investments in the energy, food and basic industries sectors. Others: KIPCO directly or indirectly holds more than 20 companies which are engaged in other businesses. The major entities engaged in other businesses are Advance Technology Company, United Education Company, Kuwait United Consultancy Company, United Capital Transport Company and Gulfsat. Business strategy The key elements of the group's strategy are to: Leverage its position and reputation in the GCC and wider MENA regions to capture further growth in these regions Acquire, create, build and selectively sell businesses in sectors that capitalise on regional opportunities Exercise management control over businesses Maximise value from businesses with a medium-to long-term horizon Regional presence The group and its associates have a presence in the following countries in the MENA region: Credit rating Corporate social responsibility The Protégés Program The Protégés is a mentorship program designed to provide young people with opportunities to learn life and leadership skills, through combination of travel, lectures, group activities, challenges and games for around 6 weeks. Around 25 Protégés are selected based on a thorough screening process ensuring that they meet high standards of excellence. KIPCO is the strategic partner of the program and is supported by nine Group companies. Dyslexia Campaign Dyslexia Campaign is KIPCO's initiative for public awareness