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KIPCO Asset Management Company KSC KAMCO

KIPCO Asset Management Company KSC - KAMCO
Company nameKIPCO Asset Management Company KSC
Company typeClosed Shareholding
IndustryAsset Management and Financial Services
Founded1998
HeadquartersKuwait City
Key peopleMasaud M. Hayat, Chairman Sadoun A. Ali, CEO
ServicesAsset Management Financial Services and Investments Investment Advisory and Research
RevenueUSD 84.1 million (KWD 23 million) in 2008
Net incomeUSD 4 million (KWD 1.1 million) in 2008

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KIPCO Asset Management Company KSC (KAMCO) was established in 1998 as a subsidiary of Bank (UGB) the investment banking subsidiary of Kuwait Projects (Holding) Company, i.e., KIPCO and specialises in asset management and financial services in Kuwait and the Middle East and North Africa (MENA). Having increased its share capital from KD 15 million to KD 20 million in June 2003, KAMCO was listed on the Kuwait Stock Exchange (KSE) in October of the same year. KAMCO’s current capital stands at KD 26.33 million distributed among 263.3 million shares with a par value of 100 fils each.


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