Revenues KD 7.7 million; Net Profits KD 997 thousand.

Kuwait City: KAMCO Investment Company K.S.C. (Public), announces its financial results for the nine months ended on September 30th, 2017. The Company recorded a net profit of KD 997 thousand with earnings-per-share (EPS) of 4.20 fils. Revenues reached KD 7.7 million, an increase of 38% compared to KD 5.6 million during the same period in 2016.

KAMCO’s quarter end total of assets under management (AUM), reached KD 3.3 billion, showing continued long-term growth performance levels with new money raised in funds and client portfolios. KAMCO also manages the KAMCO Investment Fund (“KIF”), the current top performing fund across Kuwait with year-to-date returns of 30.88% (as of 28th September 2017).

Chief Executive Officer of KAMCO, Mr. Faisal Mansour Sarkhou, said, “KAMCO is focusing on strengthening its competitive advantage and enhancing its ability to capture profitable and risk-adjusted opportunities that will differentiate the Firm from its competitors. By diversifying and expanding our portfolios through innovative products, risk-weighted investment decisions and executing prudent acquisitions, we strive to improve on our performance levels consistently and deliver steady growth to our investors and shareholders.”

Commenting on the market, Mr. Sarkhou said that the GCC equity markets had mixed performance during the first nine months of the year but marginally positive performance of KSA and Dubai, in addition to 13.3% return for the Kuwaiti market helped offset decline in other markets and pushed the overall performance in the positive zone. The trend in oil prices remained volatile given the ongoing glut, however, efforts by bigger producers to curb output is supporting a rebalancing of the market.

About KAMCO

KAMCO Investment Company K.S.C (Public) is a premier investment company based in Kuwait, with an office in the Dubai International Financial Centre (DIFC). The Company is one of the leading investment banking firms in the Gulf region in terms of assets under management (AUM), and is regulated by the Capital Markets Authority.

Established in 1998 and listed on the Boursa Kuwait in 2003, KAMCO is a subsidiary of United Gulf Bank (UGB).

The Company has established itself as a regional leader in providing innovative products and services to its clients, enabling it to increase AUM to over USD 10.4 billion (as of 30 September 2017) and achieve a strong track record of 95 successful investment banking transactions worth around USD 15 billion (as of 30 September 2017).

With almost two decades worth of experience in conducting business with in investment industry, KAMCO has successfully established a robust reputation in the region, driven by its performance, prudent and conservative investment philosophy, solid business model and fundamental belief in implementing the highest standards of transparency, which has consistently commanded the goodwill of a wide and growing patron-base.

Through its strategy, the Company aims to continue building upon its core competencies to provide the MENA region with innovative investment management consultancy and services, in addition to financial services that meet the needs of clients through value-added investment products and a cautious investment approach that is supported by an experienced team and strong track record.

KAMCO Investment Company (DIFC) Limited (KAMCO DIFC) is a whole owned subsidiary of KAMCO Investment Company, incorporated in the Dubai International Financial Centre and regulated by the Dubai Financial Services Authority. 

© Press Release 2017