KIPCO Asset Management Company :: Timeline of Achievements

سبتمبر 08, 2010
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Timeline of Achievements

2010

•	Website Launch – KAMCO formally launched its new website which fully incorporates its Fibonacci-based corporate identity. The new website functions as both a corporate website, as well as a fully functioning online trading portal.
•	Recycling – A project was initiated by KAMCO to provide recycling services for itself along with United Real Estate Company (URC) and Kuwait Projects Company (KIPCO). This brings KAMCO closer in line with other environmentally-friendly companies around the world, and ensures that it does its part in ensuring a healthier world.
•	Internal ‘TalkLetter’ BREAKTIME – an internal newsletter which was fully conceived, developed, and produced in-house called “BREAKTIME” was launched to enhance internal communications within the company and strengthen the bonds between employees.
•	KAMCO Stock Simulator – A trading simulator was created for members of the Finance Club at Kuwait University to practice and test their trading skills without the risk of actually losing any money.
•	UREC Bond Issue - KAMCO acted as a co-lead manager in United Real Estate Company’s Issuance of Bonds worth KD 40 million

2009

•	Our conservative investment philosophy sees us emerge as one of the few investment companies in Kuwait to report an annual profit for 2008.
•	We are appointed the exclusive investment advisor for KIPCO’s KD 100 million earmarked to acquire distressed private Kuwaiti companies in an effort to boost economic revival.
•	The only investment company in Kuwait to be recognized as the ‘Best Asset Management House’ at the Banker Middle East Industry Awards 2009.
•	Our Assets Under Management grow 6% over 2008 reaching KD 2.6 billion.
•	Our portfolios grow to close to 1000 investors.
•	Our Investment Research Department introduces the MENA Equity Markets Daily Research Reports, covering stock exchanges in Egypt, Jordan and Tunisia.
•	Our bondholders approve the extension of maturity of our KD 20 million bonds - issued in 2004 - for another two years, enabling us to capitalize on prevalent investment opportunities.

2007

•	We launched the region’s first hybrid energy services fund – The KAMCO Energy Services Fund.
•	Our first major USD 75 million term loan facility arrangement in a ceremony with National Bank of Abu Dhabi, National Bank of Dubai and Qatar National Bank is signed.
•	We undertook the single largest private sector merger and acquisition transaction in the GCC for KIPCO by selling its 51% stake in Wataniya Telecom to Qatar’s Q-Tel.
•	We established the KAMCO Burgan Bank Dealing Room at Kuwait University’s College of Business Administration (CBA) - the first-of-its-kind in the region. <
•	The ‘Best Television Commercial’ category at the Kuwait Arab Advertising Awards 2006 was awarded to us.

2006

•	We announced the subscription to the KAMCO Kuwait Education Fund, which goes on to provide Offset Investors - the highest multiple provided by a fund in Kuwait.
•	We launched the National Investment Fund Portfolio (Shariky) that promotes the establishment of small & medium-sized projects of qualified Kuwaiti entrepreneurs.
•	We introduced an online trading service (kamcotrade.com), allowing online access to daily portfolio evaluations and SMS market alerts.
•	The KAMCO Investment Fund recorded an increase in total net worth of 338%.
•	Our Corporate Finance revenue climbed a record 188% reaching KD 6.5 million.
•	Our Investment Research Department introduced an annual fact-book on KSE-listed companies and a monthly GCC Equity Markets Review.

2005

•	We recorded a net profit of KD 25.041 million in 2005, which represents an increase of 208% compared to 2004’s net profit of KD 8.138 million.
•	We emerged as one of the largest private sector managers of financial assets in the Middle East. We continued to attract new client funds at a good rate in 2005, with the value of client assets increasing by 33.7%.
•	Our management fees from our asset management services reached a new high of KD 9.2 million in 2005 - up 110% compared to 2004.
•	We extended our research coverage to include all GCC stock markets.
•	We were the lead manager in the private placement of Manafae, the newly established Kuwaiti Sharia-compliant investment company, in which we held a 24.8% stake.

2004

•	We launched an online service to enable clients to access their portfolios statements through our website.
•	We diversified our funding base through our first ever bond issue in the amount of KD 20 million, which was fully subscribed by investors. Our bond issue was rated ‘BBB’ by rating agency Capital Intelligence Ltd., which is considered “investment grade.”
•	We successfully launched two new funds: the KAMCO Investment Fund, which invests mainly in Kuwaiti listed securities, and the Kuwait Private Equity Opportunities Fund, which invests in unlisted, privately held Kuwaiti companies.
•	Our Bond & High Yield Fund was the largest and the best-performing KD bond in Kuwait.
•	In demonstration of our commitment to develop the capital markets in Kuwait, we organized a public seminar on establishing a secondary bond market in Kuwait.

2003

•	We increased our share capital from KD 15 million to KD 20 million.
•	In October, we were listed on the Kuwait Stock Exchange (KSE).
•	Our net profit increased 198.5% to KD 8 million from KD 2.7 million in 2002.
•	We held the largest AUM figures amongst private investment companies in the entire Middle East.
•	We launched the KAMCO Total Return Weighted (TRW) Index, the first total weighted index for the KSE.
•	The Bond & High Yield Fund – launched in 2002 – exceeded KD 50 million by end of 2003 and continued to perform satisfactorily above its benchmark.

2002

•	We recorded a 113% growth in third-party assets under management, reaching KD 662 million.

2001

•	We recorded an annual net profit growth of 253% from 2002, reaching KD 2.2 million.

1998

•	We commence business with a prudent investment philosophy of conservative optimism, which bears fruit in merely a decade and sees us stable despite the economic crisis which follows in 2008.