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TOWARDS A NEW KAMCO

ABOUT THE TRANSACTION

About the Transaction

KAMCO Investment Company (“KAMCO”), a leading investment company with one of the largest AUMs in the region concluded the acquisition of a 69.528% stake in Global Investment House (“Global”) after signing a Sale and Purchase Agreement (SPA) with NCH Ventures S.P.C (“NCH”), a Bahrain domiciled entity representing the interests of more than 50 financial institutions.

Faisal Sarkhou, CEO of KAMCO

The acquisition of a 69.5% stake in Global comes at an exciting time for KAMCO, where 2018 marks KAMCO’s 20th anniversary. A year where we focused on unravelling new opportunities to add value to our Clients and Stakeholders at every stage of growth, driving impact, and leaping into new trajectories towards our vision of becoming the preferred regional full-fledged asset management and investment banking provider. And in this, we succeeded.

This transaction, marks one of the historic milestones for KAMCO and it is a massive leap that further solidifies KAMCO’s role in the market and demonstrates the scalability of our long-term sustainable business model. With the combined synergies of two investment power houses, we can now leverage our vast resources, expertise, capital and international networks to gain a competitive advantage to operate and lead on an international level. Our mission remains to add long-lasting value to our Clients and Stakeholders, but now more than ever, more substantially. Our Clients will benefit from a wider range of financial solutions, innovative products and services, as well as multifaceted expertise spanning a larger international network base and ever-greater connections to the global market.

As we leap into new trajectories, KAMCO will remain committed to participating in driving growth to the private sector, to further propel the development of the local and regional economy and better serve new and existing market needs. As a local leader serving regional and international markets, we will seek to strengthen the country’s connections with global economies by establishing access points that would allow international businesses and institutions to enter the local and regional markets.

This is only the beginning and this milestone is just one in many other success stories to come which wouldn’t have been possible without the commitment and support of many. This said, I would like to express my gratitude and commend the seamless cooperation, professionalism and hard work put forth by all parties who were involved in the successful completion of this transaction. With new ambitions in place, we are eager to embrace new and exciting challenges and opportunities, as we move towards a new KAMCO that seeks to have a bigger and more influential sustainable impact, across the region as a leading pan-MENA non-banking financial institution.

Faisal Sarkhou, CEO of KAMCO

A New KAMCO. A Bigger Impact

  • AUMs

    KAMCO: KWD 3.37 bn

    Global: KWD 0.90 bn

  • Assets

    KAMCO: KWD 65.3 mn

    Global: KWD 81.9 mn

  • AUM Market Share

    KAMCO: 16.1%

    Global: 4.9%

  • Financial Assets

    KAMCO: KWD 24.7 mn

    Global: KWD 27.4 mn

  • Investment in Associates

    KAMCO: KWD 23.4 mn

    Global: KWD 0.14 mn

  • Geographical Presence

    KAMCO: Kuwait, UAE

    Global: Kuwait, UAE, Saudi Arabia, Bahrain, Jordan, Egypt, Turkey

*As of 2017

  • More diversified products and services
  • Expanded geographical footprint
  • Increased AUMs
  • New intellectual capital and expertise
  • Wider connections to the global economy
  • Bigger social impact on communities
  • Bigger impact on local and regional economic growth

Going Forward

With this transaction KAMCO seeks to become an Investment Banking and Asset Management powerhouse of the region aiming to serve You, our Clients better and on a bigger scale. Now, more than ever, our valued Clients and Stakeholders will not only benefit from a strong, financial partner with a solid track record and a robust regional and international reputation but also from a diverse range of products, services and expertise spanning a wider international network base and ever-greater connections to the global economy.

What is Next?

For our business,<br/> Clients and Stakeholders
For our business,
Clients and Stakeholders
  • Our target going forward is to manage the largest AUM in the region.
  • This purchase will further solidify KAMCO’s leadership role in the local and regional market as one of the top private investment companies.
For our <br/>Communities
For our
Communities
  • With a bigger operations strategy, the Firm aims to participate in and support the acceleration of local and regional economic growth by being in the forefront of creating new economic and financial opportunities.
For our <br/>Employees
For our
Employees
  • We will aim to strengthen KAMCO’s human capital and financial capabilities.
  • The new challenges and opportunities will forge new trajectories for talent development of KAMCO’s employee base.

In the Media

KAMCO successfully completes purchase of major stake in Global

Sep 23, 2018

KAMCO Investment Company (“KAMCO”), a leading investment company with one of the largest AUMs in the region, announced that it has completed the previously announced purchase of 396,426,434 shares in Global Investment House (“Global”), equivalent to a 69.528% stake, from NCH Ventures S.P.C (“NCH”), a Bahrain domiciled entity representing the interests of more than 50 financial institutions. KAMCO has successfully concluded the purchase after receiving all required approvals from the CMA Kuwait and other appropriate regulatory authorities. This purchase of …

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KAMCO appoints Alvarez & Marsal Middle East Limited as integration advisor for acquisition of Global

Jun 19, 2018

KAMCO Investment Company (“KAMCO”), a leading investment with one of the largest AUMs in the region, appointed the Middle East office of renowned global professional services firm, Alvarez & Marsal, as the integration advisor for the acquisition of a majority stake in Global Investment House (“Global”). KAMCO assigned Alvarez & Marsal Middle East Limited (“A&M”) this critical role in the acquisition process given the firm’s strong track record and global exposure in successfully concluding complex transactions. A&M will provide KAMCO …

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KAMCO signs SPA with NCH Ventures to acquire 70% of Global

May 08, 2018

KAMCO Investment Company (“KAMCO”), a leading investment company with one of the largest AUMs in the region, signed a Sale and Purchase Agreement (SPA) with NCH Ventures S.P.C (“NCH”), a Bahrain domiciled entity representing the interests of more than 50 financial institutions, to acquire 396,426,434 shares amounting to a 69.528% stake in Global Investment House (“Global”), after due diligence and requisite formalities are completed and agreed upon by both parties on all terms related to the acquisition. KAMCO announced that …

Read more +

GET IN TOUCH WITH US

  • KAMCO Investment Company K.S.C. (Public)

    Al-Shaheed Tower, Khalid Bin Waleed Street Sharq, Kuwait

    KAMCO Investment Company (DIFC) Limited

    Office 205, Level 2, Gate Village 1, Dubai International Financial Centre

  • General

    (+965) 185 2626

    Wealth Management Division

    (+965) 2233 6698