Saturday 23 November 2024
 
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Kamco

Asset managers to launch paper on fixed income

Emirates NBD Asset Management, Kamco Investment Company and Fisch Asset Management will partner to co-author research examining key trends driving performance of Mena and emerging market Fixed Income instruments, reviewing 2018 and providing an

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Kuwaiti firm Kamco buys key US office tower

Kuwait-based Kamco Investment Company said it has successfully acquired General Electric’s (GE) global operation centre building, a 12-storey office tower located in Cincinnati, US. A leading investment company with one of t

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Kamco buys key commercial land in Riyadh

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

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Takaud, Kamco in deal to facilitate servicing synergy

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

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Burgan Bank completes $356m bond issue

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

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Global Investment, Kamco cut nearly 100 jobs

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

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Kamco, Anham to partner on US Army deal

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

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Gulf banks to make profit despite credit setback

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

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Kamco Q2 profit dives 95pc

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 ($

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Kamco and UGB deny trade gains

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

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