Company Insights Kamco Invest Kamco Invest Overview Established in 1998 as a subsidiary of Kuwait Projects Company (Kipco), Kamco Invest offers asset management and financial services in Kuwait and the Middle East and North Africa. Kamco increased its share capital from KD15 million to KD20 million in June 2003 and was listed on the Kuwait Stock Exchange (now Boursa Kuwait) in October of that year. In 2016, Kamco Invest opened its first international office in Dubai International Financial Centre (DIFC). Kamco Invest DIFC serves as an alternative platform to provide the company’s international and regional client base with new opportunities for development and growth. Kamco Invest acquired a strategic stake in Global Investment House in 2018, which led to a merger of the two operations. The first of its kind in Kuwait’s investment sector, the merger was concluded in November 2019. Kamco Invest says it is committed to sustainability and endeavours to “give back to the community and support our nation in the areas of health and wellbeing, youth and empowerment, as well as education and financial literacy”. Kamco Invest News Analysis Economy Oman edging closer to investment grade rating Oman has been putting its fiscal house in order over the past three years and, in the eyes of many analysts, has realistic hopes of regaining its investment grade rating. But the sultanate has significantly upped spending on energy and social subsidies, while a drop in gas prices has lowered revenues in the seven months […] September 19, 2024 Energy Gulf’s profits rise thanks to petrochemicals and banks A turnaround in Saudi Arabia’s long-troubled petrochemicals industry has helped Gulf companies’ second-quarter earnings rise year on year. The region’s banking, telecom and real estate sectors also prospered. GCC listed companies’ earnings totalled $60.7 billion in the three months to June 30, up from $57.4 billion a year earlier, a report by Kuwait’s Kamco Invest […] September 9, 2024 Finance Bank of Sharjah readies for new dollar bond sale Bank of Sharjah is preparing to issue potential five-year USD-denominated bonds, with investor meetings starting from August 30, a news report said. The Abu Dhabi-listed lender has appointed 11 banks as joint lead managers and bookrunners, Reuters reported. These include Abu Dhabi Commercial Bank, Al Ahli Bank of Kuwait (DIFC Branch), Bank ABC, Citi, Doha […] September 1, 2024 Analysis Markets PIF-backed Saudi companies increase dividends This week Saudi Arabia’s former telecom monopoly announced increased dividends. It became the latest company part-owned by the kingdom’s sovereign wealth fund and listed on Riyadh’s bourse to do so. The higher payouts provide a boost to the income of the Public Investment Fund, which it can then reinvest in higher-growth industries and accelerate Saudi’s […] August 30, 2024 Analysis Markets Saudi blue-chips help Gulf dividends dwarf global average Saudi companies form the bulk of Gulf businesses that have announced second quarter dividends, but it is the Commercial Bank of Kuwait that provided the highest dividend yield. Saudi Aramco, Bahrain’s Batelco and Dubai’s Tecom Group are other standouts by this metric. Of the listed Gulf companies with a market capitalisation of more than $1 […] August 13, 2024 Analysis Markets Analysts bullish on Aramco despite share price drop Shares in Saudi Aramco slumped to a four-year low this week as turmoil on global equity markets spurred a further sell-off in the world’s largest listed oil company. Yet analysts believe Aramco’s poor performance this year – the stock had fallen 17 percent in 2024 as of Tuesday’s close – masks a bullish outlook for […] August 8, 2024 Analysis Markets Bahrain tops dividend yields in mixed quarter for bourses First-quarter company earnings in the UAE, Bahrain and Oman were mixed across major economic sectors, with the four bourses trading at markedly varied valuations. As of March 31, Dubai and Bahrain had price-to-earnings ratios of 8.3 and 7.9 respectively, while Abu Dhabi’s was 19.9 and Oman’s 12.9, according to Kuwait’s Kamco Invest. Bahrain (7.7 percent) […] May 27, 2024 Banking & Finance Gulf banks face margin squeeze as funding costs rise Gulf banks are likely to offer more attractive rates on savings accounts to woo depositors, putting more pressure on lenders’ already tight net interest margins, a report suggests. The move towards higher interest rates for savers is predicted to become more pronounced as expectations of imminent rate cuts by the US Federal Reserve fade. Benchmark interest […] May 23, 2024 Markets Bahrain Bourse needs more liquidity despite 43% surge The Bahrain Bourse has surged by almost 43 percent in the past five years, but experts have warned that the Gulf state must prioritise further listings to bring more liquidity into the market. The bulk of the growth on the kingdom’s main exchange has come from a select number of liquid stocks, topped by Aluminium […] May 15, 2024 Markets Qatar sets up $200m fund to drive trade in Doha stocks Qatar Investment Authority has launched a $200 million fund for Doha-listed stocks as part of plans to reinvigorate trading on the country’s bourse. Trading turnover on the Qatar Stock Exchange has dropped from QAR160.4 billion ($44.1 billion) in 2022, when Russia’s invasion of Ukraine boosted the prices of Gulf hydrocarbon exports, spurring local, regional and […] February 8, 2024 Posts navigation 1 2 Next
Analysis Economy Oman edging closer to investment grade rating Oman has been putting its fiscal house in order over the past three years and, in the eyes of many analysts, has realistic hopes of regaining its investment grade rating. But the sultanate has significantly upped spending on energy and social subsidies, while a drop in gas prices has lowered revenues in the seven months […] September 19, 2024
Energy Gulf’s profits rise thanks to petrochemicals and banks A turnaround in Saudi Arabia’s long-troubled petrochemicals industry has helped Gulf companies’ second-quarter earnings rise year on year. The region’s banking, telecom and real estate sectors also prospered. GCC listed companies’ earnings totalled $60.7 billion in the three months to June 30, up from $57.4 billion a year earlier, a report by Kuwait’s Kamco Invest […] September 9, 2024
Finance Bank of Sharjah readies for new dollar bond sale Bank of Sharjah is preparing to issue potential five-year USD-denominated bonds, with investor meetings starting from August 30, a news report said. The Abu Dhabi-listed lender has appointed 11 banks as joint lead managers and bookrunners, Reuters reported. These include Abu Dhabi Commercial Bank, Al Ahli Bank of Kuwait (DIFC Branch), Bank ABC, Citi, Doha […] September 1, 2024
Analysis Markets PIF-backed Saudi companies increase dividends This week Saudi Arabia’s former telecom monopoly announced increased dividends. It became the latest company part-owned by the kingdom’s sovereign wealth fund and listed on Riyadh’s bourse to do so. The higher payouts provide a boost to the income of the Public Investment Fund, which it can then reinvest in higher-growth industries and accelerate Saudi’s […] August 30, 2024
Analysis Markets Saudi blue-chips help Gulf dividends dwarf global average Saudi companies form the bulk of Gulf businesses that have announced second quarter dividends, but it is the Commercial Bank of Kuwait that provided the highest dividend yield. Saudi Aramco, Bahrain’s Batelco and Dubai’s Tecom Group are other standouts by this metric. Of the listed Gulf companies with a market capitalisation of more than $1 […] August 13, 2024
Analysis Markets Analysts bullish on Aramco despite share price drop Shares in Saudi Aramco slumped to a four-year low this week as turmoil on global equity markets spurred a further sell-off in the world’s largest listed oil company. Yet analysts believe Aramco’s poor performance this year – the stock had fallen 17 percent in 2024 as of Tuesday’s close – masks a bullish outlook for […] August 8, 2024
Analysis Markets Bahrain tops dividend yields in mixed quarter for bourses First-quarter company earnings in the UAE, Bahrain and Oman were mixed across major economic sectors, with the four bourses trading at markedly varied valuations. As of March 31, Dubai and Bahrain had price-to-earnings ratios of 8.3 and 7.9 respectively, while Abu Dhabi’s was 19.9 and Oman’s 12.9, according to Kuwait’s Kamco Invest. Bahrain (7.7 percent) […] May 27, 2024
Banking & Finance Gulf banks face margin squeeze as funding costs rise Gulf banks are likely to offer more attractive rates on savings accounts to woo depositors, putting more pressure on lenders’ already tight net interest margins, a report suggests. The move towards higher interest rates for savers is predicted to become more pronounced as expectations of imminent rate cuts by the US Federal Reserve fade. Benchmark interest […] May 23, 2024
Markets Bahrain Bourse needs more liquidity despite 43% surge The Bahrain Bourse has surged by almost 43 percent in the past five years, but experts have warned that the Gulf state must prioritise further listings to bring more liquidity into the market. The bulk of the growth on the kingdom’s main exchange has come from a select number of liquid stocks, topped by Aluminium […] May 15, 2024
Markets Qatar sets up $200m fund to drive trade in Doha stocks Qatar Investment Authority has launched a $200 million fund for Doha-listed stocks as part of plans to reinvigorate trading on the country’s bourse. Trading turnover on the Qatar Stock Exchange has dropped from QAR160.4 billion ($44.1 billion) in 2022, when Russia’s invasion of Ukraine boosted the prices of Gulf hydrocarbon exports, spurring local, regional and […] February 8, 2024
