KAMCO wins ‘As­set Man­ager of the Year - Kuwait’ award Global In­vestor rec­og­nizes KAMCO’s high tech­ni­cal stan­dards

Kuwait Times - - BUSINESS -

KUWAIT:

KAMCO In­vest­ment Com­pany, a lead­ing in­vest­ment com­pany with one of the largest AUMs in the re­gion, has been awarded “As­set Man­ager of the Year” from Global In­vestor, a renowned pub­li­ca­tion cater­ing to the as­set man­age­ment sec­tor. The award was pre­sented to those who dis­played high tech­ni­cal stan­dards in the sec­tor per­for­mance anal­y­sis, eval­u­a­tion of in­vest­ment ser­vices and business lead­er­ship, in ad­di­tion to whether the lat­ter were aligned to the com­pany’s over­all strat­egy and vi­sion. KAMCO was se­lected for this award amongst the other nom­i­nees in the as­set man­age­ment cat­e­gory; one of the many other cat­e­gories in­au­gu­rated by the Global In­vestor mag­a­zine that aim to rec­og­nize the best lo­cal, re­gional and in­ter­na­tional in­vest­ment com­pa­nies. KAMCO won the ti­tle of “As­set Man­ager of the Year-Kuwait” af­ter an ex­ten­sive tech­ni­cal eval­u­a­tion of the com­pany’s per­for­mance, and ac­quir­ing the high­est num­ber of votes amongst other in­vest­ment firms nom­i­nated for the award.

On this oc­ca­sion, Chief As­sets Of­fi­cer of KAMCO, Salah Al-Wuheib ex­pressed his sin­cere grat­i­tude and ap­pre­ci­a­tion to­wards award­ing KAMCO this ad­mired ti­tle, as­sert­ing that his team is ded­i­cated to­wards en­hanc­ing and im­ple­ment­ing a pro­gres­sive strat­egy in se­lec­tive and in­no­va­tive prod­ucts within the key GCC and MENA mar­ket sec­tors.

Al-Wuheib said, “Our As­set Man­age­ment team worked dili­gently to grow and main­tain KAMCO’s as­sets un­der man­age­ment (AUM) over the years, fur­ther en­hanc­ing the com­pany’s po­si­tion as one of the largest as­set man­age­ment firms in the re­gion, de­spite the cur­rent mar­ket sit­u­a­tion. We will con­tinue to ac­tively seek fu­ture suc­cesses that will fur­ther en­hance our dis­tinc­tive in­vest­ment per­for­mance lev­els, and ben­e­fit our in­vestors and share­hold­ers.

Al-Wuheib re­ceived the award on be­half of KAMCO, dur­ing a pres­ti­gious cer­e­mony held amid an in­vest­ment fo­rum or­ga­nized by Global In­vestor. The event was at­tended by a plethora of se­nior rep­re­sen­ta­tives from the lo­cal and in­ter­na­tional in­vest­ment scene.

Global In­vestor is a renowned print and on­line mag­a­zine that cov­ers the fi­nan­cial and in­vest­ment in­dus­try on a global scale. The mag­a­zine has fo­cused on eval­u­at­ing and rat­ing pub­li­cally held com­pa­nies in these sec­tors. Some of the world’s most well re­spected economists and the­o­rists have con­trib­uted to the con­tent within the on­line and printed mag­a­zines, in ad­di­tion to their business part­ners who have par­tic­i­pated in the vot­ing sys­tem which award nom­i­nees un­dergo for the var­i­ous awards.

KAMCO In­vest­ment Com­pany is a premier in­vest­ment com­pany, based in Kuwait with an of­fice in the UAE and pres­ence through­out the GCC re­gion, reg­u­lated by the Cap­i­tal Mar­kets Au­thor­ity with one of the largest pri­vate sec­tor AUMs in the re­gion.

Es­tab­lished in 1998 and listed on the Kuwait Stock Ex­change (KSE) in 2003, KAMCO is a sub­sidiary of United Gulf Bank (UGB). It has be­come a lead­ing re­gional com­pany within its sec­tor of­fer­ing in­no­va­tive prod­ucts and ser­vices to its clients, hold­ing over $11.2 bil­lion of client AUM and has suc­cess­fully com­pleted 85 in­vest­ment bank­ing trans­ac­tions worth over $12 bil­lion as of 31 De­cem­ber 2015.

With al­most two decades of ex­pe­ri­ence in con­duct­ing business in Kuwait’s dy­namic in­vest­ment in­dus­try, KAMCO has suc­cess­fully es­tab­lished a ro­bust rep­u­ta­tion for so­lid­ity, char­ac­ter­ized by its pru­dent, con­ser­va­tive in­vest­ment phi­los­o­phy and spirit of trans­parency, which has con­sis­tently com­manded the good­will of a wide pa­tron­base. The com­pany will fur­ther ag­gres­sively build upon its core com­pe­ten­cies to of­fer MENA-wide in­vest­ment man­age­ment con­sul­tancy and ser­vices, backed by its proven track record in strin­gent risk mit­i­ga­tion, in­vest­ment prod­uct in­no­va­tion, and a cau­tious in­vest­ment ap­proach to­wards lo­cal, re­gional and in­ter­na­tional cap­i­tal mar­kets.

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