Kuwait-based Kamco Investment Company has unveils its new identity, Kamco Invest, after completing a merger with Global Investment House.
The new company’s assets under management stands at about $13.7 billion, ranked as the fifth largest asset manager in the Gulf region.
Faisal Mansour Sarkhou, CEO, said the merger comes at a crucial phase in Kamco’s implementation of its growth and expansion strategy which was initiated back in 2014.
He said: “Today we are in the second phase of implementing our strategy as we become a more competitive investment company in the local and regional markets. Kamco Invest will offer clients an integrated set of investment solutions, a wealth of expertise and advanced systems that are inline with the best international standards within this sector.”
He added: “What differentiates this merger is the integration of combined years of knowledge operating in the investment sector, coupled with a range of progressively developed products and services that support Kamco Invest’s competitive position.”
Commenting on the company’s future business activities, Sarkhou said Kamco Invest is well positioned to play a pivotal role not only in Kuwait but throughout the region.
He added that the company will continue to growth the size of its assets under management and will launch new products and services.
Following Boursa Kuwait’s recent upgrade to Emerging Markets status, the company also plans to take advantage of the projected substantial foreign investment inflows, improved liquidity and greater investor confidence expected during the first half of this year.
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