Kamco Invest accelerates digitization journey by launching new flagship App

First phase includes in-App access to iktatib.com, amongst other features

Jarrah Al Naser

Jarrah Al Naser

Al-Hadlaq: The App is in line with our strategy to continue enhancing our client’s experience

Al-Naser: This phase only marks the beginning of Kamco Invest’s digitization journey

Kuwait City: Kamco Invest, a regional non-banking financial powerhouse with one of the largest AUMs in the region, announced the launch of its new ‘Kamco Invest App’, an innovative and dynamic platform that aims to transform the digital investment journey through a user-friendly interface for Kamco Invest clients and those interested in investing. Consisting of several development phases, the Kamco Invest App comes as an added step under the Company’s digitization plan, which holds a vision to attain a leading role in the digital investment services and solutions landscape for its valued clients.

Currently launched in its first phase, the App focuses on providing a wealth of tailored services for registered App users. These include access to iktatib.com - the online subscription platform connecting investors with the latest equity offerings and debt issuances managed by Kamco Invest, displaying Kamco Invest’s latest research reports and managed funds data, as well as additional options for existing clients.

Sana Al-Hadlaq, Senior Executive Director of Wealth Management said, “The App is in line with our strategy to continue enhancing our client’s experience to cope with their expectations and leverage on digitization and its positive effect on the financial industry.”

She added, “Opening an account with Kamco Invest, updating client information, requesting portfolio statements, and receiving updates on investments have never been easier, thanks to the features the App offers its users. By redesigning and redefining the client experience, we aim to blend accessibility with innovation by opening the doors to a world of investment opportunities through its flagship platform.”

With the Kamco Invest App, users can now take the first step to opening an account with Kamco Invest through the intelligent client onboarding service at anytime from anywhere, and at their convenience. Required documents can be uploaded using the featured in-app scanning technology, with several identity verification methods for optimal security.

One critical point to consider is that the Kamco Invest App is not only designed for existing clients, but also individuals interested in learning more about some of the Company’s latest updates and investment opportunities through iktatib.com, subject to user or client eligibility. Upon completing the quick registration process, users will be able to track the performance of the Company’s managed funds with access to monthly factsheets, discover and read comprehensive coverage on regional markets, sectors, and asset classes, or use the built-in investment calculator to set their target investment objectives. 

Jarrah Al-Naser, Senior Vice President of Core Markets and Strategic Projects at Kamco Invest, said, “We are proud to launch the ‘Kamco Invest App’, which marks one of the core aspects of our digitization journey. Our primary goal during the first development phase was to ensure that we built a strong backend and infrastructure that is capable of seamlessly operating the full features of the App in the upcoming phases. The App currently offers a wide range of features, including the ability to subscribe to upcoming investment opportunities that are open to both corporate and individual investors, subject to classification eligibility.”

He concluded, “This is the first stage in our digitization strategy and is offered to both iOS and Android users. The following phases will provide users with interactive access to clients portfolios and online subscription in funds and other investment opportunities.”

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About Kamco Invest

Kamco Investment Company K.S.C (Public) “Kamco Invest”, established in 1998 and listed on Boursa Kuwait in 2003, is a regional non-banking financial powerhouse headquartered in Kuwait with offices in key regional financial markets. It is an Independently managed subsidiary of the KIPCO Group adhering to the highest standards of corporate governance and regulated by the Capital Markets Authority and the Central Bank of Kuwait. The Company offers a comprehensive range of investment solutions covering asset management, investment banking and brokerage.

Kamco Invest has AUM of over USD13.3bn as of 31 March 2021 allocated to various asset classes and jurisdictions, making it the fifth largest asset manager in the GCC according to Moody’s September 2019 asset management report. It has acted as investment banker to deals exceeding USD24.7bn from its inception to 31 March 2021 in equity capital markets, debt capital markets and mergers & acquisitions.

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