Kuwait – Mubasher: KAMCO Investment Company managed to maintain the value of its assets under management (AUM) at KWD 3.3 billion, and achieved an increase in the volume of subscriptions in its investment funds, according to Faisal Sarkhou, KAMCO’s Chief Executive Officer.    

Sarkhou asserted that the return of stability in oil prices and the low economic risks will help in achieving better results in the future.

“The high demand on crude oil in the United States and Europe, the quantitative easing programme in the European Union and the stability of China's economy are all positive indicators that are expected to have positive effect on markets during the upcoming period,” he added.  

KAMCO earlier posted a loss of KWD 736,000 in the first nine months of 2015, with loss per share of 3.09 fils.

Total revenue reached KWD 3.5 million in the above period, compared to KWD 6.7 million in the same period last year.