The National Investor's (TNI) private equity arm and Kipco Asset Management Company (Kamco) plan to set up a $150 million Islamic fund, in a sign that private equity activity in the Gulf region is picking up.
The Sharia-compliant fund
Kipco Asset Management Company, (Kamco), a unit of Kuwait Projects Company (Kipco), reported a 149 per cent rise in second-quarter net profit.
Net profit in the three months to June 30 was KD9.7 million ($34.40 million), compared wi
Kipco Asset Management Company (Kamco) will sign a three-year deal for a $75 million syndicated loan to help settle loans and finance operations, the firm said.
Kamco did not name the creditors in a statement, but said they are regional l