Kamco, a leading investment company with one of the largest assets under management (AUM) in the region, said its real estate fund has acquired around 16,500 sq m of commercial land in Riyadh, Saudi Arabia.
Kamco Real Estate Yield
Kuwait-based Kamco Investment Company has signed a memorandum of understanding (MoU) with Bahrain-based Takaud Savings and Pensions.
The MoU will provide a framework to facilitate business and client servicing synergy between both
Kuwait-based Burgan Bank has announced the successful completion of a KD100 million ($356 million) lower tier II subordinated bond issue.
The bond marks the first KD-denominated lower tier II (LT2) subordinated bond, largest priva
Kuwait's Global Investment House has laid off 17 per cent of its staff, or 60 employees, across the region as part of cost-cutting measures at the debt-laden firm, two sources said Sunday.
Most of the job cuts at Global, which is in talks
Kuwait's Kipco Asset Management (Kamco) and Dubai-based Anham FZCO will set up a joint logistics company to execute Anham's prime vendor contract to supply the US Army, Kamco chief executive said.
The US government replaced A
Banks in the GCC region will continue to make profits despite higher provisioning and a slowdown in credit growth, according to a report by Kuwait-based investment firm Kamco.
The GCC banking system has shown resilience to the financial cr
Kuwaiti fund manager Kamco, cited in a legal action by the US authorities, has reported a 94.82 percent slump in its second-quarter profit.
Kamco said in a statement posted on its website that its profit in the quarter fell to KD275,760 ($
Kuwaiti fund manager KIPCO Asset Management Company (Kamco) and United Gulf Bank (UGB) said they made no gain from trades in shares of Harman International Industries and Textron probed by US regulators.
'The transactions mentioned in
Kuwaiti fund manager Kipco Asset Management Company (Kamco) is finalising an acquisition in North Africa and would look at buying a Saudi investment firm next year, its chief executive said.
"(The firm) is small in size but our presence in
Kipco Asset Management Company (Kamco), one of Kuwait's premier asset management and financial services company has posted a third quarter net profit of KD20.6 million ($76.7 million), a jump of 41 per cent over the same period a year ago.