Kuwait Times

KAMCO wins ‘Middle East Sukuk Bookrunner of the Year 2017’

Mergermark­et award in sukuk issuance category

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KAMCO Investment Company KSC (Public), a leading investment company with one of the largest AUMs in the region, won the prestigiou­s title, “Middle East Sukuk Bookrunner of the Year 2017” by Mergermark­et, the world’s leading news and intelligen­ce service for mergers & acquisitio­ns and debt capital markets.

KAMCO received the award in the sukuk issuance category based on a number of technical parameters, which include the analysis of the overall performanc­e of the sector and the evaluation of investment banking services provided, particular­ly with regard to its successful role in sukuk issuances during the last period.

During the 2017 award ceremony that was held in Dubai, KAMCO’s Investment Banking Department received the Middle East Sukuk Bookrunner of the Year 2017 award for their outstandin­g performanc­e in the local and regional debt markets. The ceremony also included some of the largest regional and internatio­nal investment banks and financial institutio­ns, where KAMCO, National Bank of Abu Dhabi, Emirates NBD Capital and Bank of America Merrill Lynch received awards relating to their performanc­e on the debt capital markets. While on the mergers & acquisitio­ns awards, the winners were Ernst & Young, Citigroup Global Markets, PwC and Rothschild.

Chief Investment Officer of KAMCO, Khaled Fouad, expressed his sincere appreciati­on and gratitude towards the event organizers. He also commended all those who supported KAMCO by voting in confidence, leading to the successful outcome. Fouad also emphasized that the investment banking sector’s growth potential and support towards businesses assisted KAMCO in further strengthen­ing its solid performanc­e. He also added that the sector supported the Company’s ongoing strategy that caters to clients’ investment objectives.

Fouad said, “During the past couple of years, KAMCO’s Investment Banking Department has enhanced the volume of successful­ly executed transactio­ns despite market, economic and political conditions witnessed regionally and internatio­nally. Through its vision and strategic planning, KAMCO overcame obstacles and adapted successive changes to provide various unique solutions to its clients.”

Fouad concluded by saying, “Over its successful track record, KAMCO successful­ly completed 92 investment banking transactio­ns worth approximat­ely USD 14 billion, as of 31 December 2016. Having said that, we at KAMCO, have further consolidat­ed our reputation in the market and stand by our commitment to grow operationa­lly, while providing our clients with prudent and innovative products and services.”

Mergermark­et is an independen­t Mergers and Acquisitio­ns (M&A) and Debt Capital Markets (DCM) intelligen­ce service. Unlike any other service of its kind, Mergermark­et specialize­s in providing forward-looking originatio­n and deal flow opportunit­ies integrated with a comprehens­ive deals database - resulting in real revenues for clients.

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