ShareGlobal Investor recognizes KAMCO's high technical standards
.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 patron-base. 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.
