Kamco Investment (KAMCO`R)

• Stock
• Company Profile
• News
• Announcements
• Fair Values
• Corporate Actions
• Earning Announcements
• News Reports
• Volume Statistics
• Financial Ratios
• IPOs
• Financial Statements
• Support and resistance
• More

News

9 December 2018 03:11 PM KAMCO, Global submit merger request to CMA

Mubasher: KAMCO Investment and its 69.28%-owned subsidiary Global Investment House have submitted a request to the Capital Markets Authority (CMA) for a plan of merger. KAMCO intends to acquire the remaining shares of Global following the approval …

Mergers and Acquisitions

13 November 2018 11:27 AM KAMCO Investment Q3 profits rise 3%

Mubasher: KAMCO Investment achieved an increase of 2.8% in profits during the third quarter of 2018 compared to the same period a year ago. Earnings grew to nearly KWD 638,590 ($2.1 million) in Q3-18 from approximately KWD 621,320 ($2.05 million) …

Financial Results

29 October 2018 03:35 PM Kuwait’s CMA nods to KIPCO $100m bonds

Mubasher: Kuwait Projects Holding (KIPCO) announced that the Capital Markets Authority (CMA) has approved the prospectus for issuing and promoting bonds at a value not exceeding KWD 100 million ($330 million). The bonds will be matured in five …

Companies Investments

22 October 2018 03:45 PM KAMCO acts issuance advisor for Burgan Bank's rights issue

Mubasher: KAMCO Investment has been chosen to act as the sole issuance advisor and subscription agent for Burgan Bank’s recently completed capital increase. The rights issue of Burgan Bank was well received and oversubscribed by the existing …

Corporate Actions

21 October 2018 02:51 PM Higher oil returns to slash GCC budget deficit 82% in 2018 – KAMCO

Mubasher: Higher oil revenues are expected to reduce GCC budget deficit this year by 82% to $14 billion compared to $79 billion in the full-year 2017, KAMCO said in a recent report, citing the International Monetary Fund’s (IMF) general government …

Macroeconomics

23 September 2018 04:46 PM KAMCO acquires Bahrain’s NCH Ventures major stake in Global

Mubasher: KAMCO Investment Company has purchased 396.42 million shares or a 69.528% stake in Global Investment House from NCH Ventures, a Bahrain domiciled entity representing the interests of over 50 financial institutions. KAMCO, a Kuwait-based …

Trading Activities

14 August 2018 04:30 PM KAMCO to acquire 70% of Global Investment House

Mubasher: KAMCO Investment (KAMCO) on Tuesday announced receiving the approval of the Capital Markets Authority (CMA) to acquire the majority of Global Investment House (Global). KAMCO intends to buy around 396.43 million shares from Global, which …

Mergers and Acquisitions

7 August 2018 01:21 PM KAMCO to hold meeting mid-August for KWD 40m bonds

Mubasher: KAMCO Investment will hold its meeting for the bondholders on Tuesday, 14 August to consider KWD 40 million issued bonds, according to a bourse statement on Tuesday. In case of lack of quorum, the bondholders’ meeting will be rescheduled …

Event

6 August 2018 09:35 AM KAMCO Investment Q2 profits surge 258%

Mubasher: KAMCO Investment achieved a leap of 258.3% in profits during the second quarter of 2018 compared to the same period last year. Earnings jumped to around KWD 320,150 ($1.06 million) in Q2-18 from approximately KWD 89,360 ($295,450) in …

Financial Results

28 July 2018 08:12 PM KAMCO issues KWD 40m bond

Mubasher: KAMCO Investment Company has issued KWD 40 million five-year bonds with KAMCO and Gulf Bank as joint lead managers and arrangers for the debt securities issuance. The issuance saw an oversubscription that was covered in three days, the …

Companies Investments

4 July 2018 04:45 PM KAMCO’s board nods to KWD 40m bonds issue

Mubasher: KAMCO Investment said that its board of directors had approved the prospectus of issuing bonds valued at KWD 40 million ($132.4 million) during a meeting held on 1 May. The company added that it has informed the Capital Markets Authority …

Bonds

1 July 2018 02:53 PM KAMCO Investment gets CMA nod to $40m securities

Mubasher: KAMCO Investment was granted the Capital Markets Authority’s (CMA) approval of the prospectus submitted to issue and promote for unsecured debt securities inside Kuwait at a total value of KWD 40 million ($132.3 million) or less. Issuing …

Companies Investments

10 June 2018 02:18 PM KAMCO hires Alvarez & Marsal for Global takeover

Mubasher: KAMCO Investment Company has appointed the Middle East office of renowned global professional services firm, Alvarez & Marsal (A&M), to be the integration advisor for the acquisition of a majority stake in Kuwait’s Global Investment …

Companies Investments

29 May 2018 02:59 PM KAMCO Investment mulls expansion in Egypt

Cairo – Mubasher: KAMCO Investment intends to establish an investment bank in Egypt, as part of the Kuwaiti firm’s regional expansion plans. KAMCO is currently considering the value of the investments targeted to be pumped in the Egyptian market, …

Companies Investments

15 May 2018 11:52 AM KAMCO Investment Q1 profits shrink 65%

Mubasher: KAMCO Investment registered a decline of 64.6% in profits during the first quarter of 2018 compared to the same period in 2017. Earnings declined to nearly KWD 101,260 ($336,420) in Q1-18 from around KWD 286,000 ($950,200) in q1-17, …

Financial Results

8 May 2018 10:03 AM KAMCO inks deal to buy stake in Global Investment House

Mubasher: KAMCO Investment has signed a preliminary contract to purchase about 396.43 million of the issued capital in Global Investment House. This stake represents 69.528% of Global’s capital, according to a bourse statement on Tuesday. KAMCO …

Companies Investments

3 May 2018 00:38 PM CI classifies KAMCO’s rating, Outlook “Stable”

Mubasher: Capital Intelligence (CI) has granted KAMCO Investment’s long- and short-term credit rating a classification of “BBB” and “A3”, respectively. The rating agency also granted KAMCO a “Stable” outlook, according to a bourse statement on …

Ratings

1 May 2018 06:50 PM Damac names KAMCO joint lead manager for $400m sukuk issue

Kuwait - Mubasher: KAMCO Investment Company has announced that it acted as a joint lead manager for Damac Properties’ $400 million 5-year sukuk sale, according to a company statement released on Tuesday.  In April, Damac launched an AED 1.47 …

Sukuk and Islamic Finance

29 April 2018 01:44 PM KAMCO acquires KWD 24.5m property in US

Mubasher: KAMCO Investment on Sunday announced buying the administrative building office of Cincinnati Children's Hospital in the US. The total value of the new takeover amounted to KWD 24.5 million ($81.6 million), according to a statement …

Mergers and Acquisitions

25 April 2018 05:07 PM Kamco unit obtains licence from Dubai Financial Services

Kuwait – Mubasher: Kamco Investment has announced that its unit, KAMCO Investment Company DIFC, has received a category III licence from the Dubai Financial Services Authority (DFSA). The new licence covers a variety of activities including the …

Companies Investments

4 April 2018 10:43 AM Al Kout to offer 21.7% of capital for sale in auction

Mubasher: Boursa Kuwait announced that an auction will be held on Wednesday to offer 21.7% of Al Kout Industrial Projects’ capital for sale. Al Kout will offer 21.9 million of its shares for sale at a premium price of 710 fils each, with a total …

Companies Investments

3 April 2018 04:26 PM CMA approves United Real Estate’s KWD 60m bonds prospectus

Mubasher: The Capital Markets Authority (CMA) has approved United Real Estate’s prospectus to issue bonds at a total value of KWD 60 million ($200 million) or KWD 50,000 per bond. The bonds will be issued in two tiers, fixed and floating, with a …

Management Decisions

27 February 2018 04:22 PM KAMCO’s property portfolio reached $263m – CEO

Mubasher: KAMCO Investment has signed a number of major contracts in the real estate sector across the region, reflecting positively on the growth of the company’s international property portfolio, the CEO of KAMCO, Faisal Sarkhou, said in a …

Companies Investments

27 February 2018 09:52 AM KAMCO posts lower profits in FY17; dividends proposed

Mubasher: KAMCO Investment registered a decline of 63.2% in profits during the fourth quarter of 2017 compared to the same period in the prior fiscal year. Earnings shrank to about KWD 143,320 ($478,910) in Q4-17 from nearly KWD 389,590 ($1.3 …

Board of Directors

4 February 2018 00:26 PM KAMCO denies news on privatising Boursa Kuwait

Mubasher: KAMCO Investment has denied a news article published in a local newspaper on Thursday, 1 February, over winning a tender for the privatisation of Boursa Kuwait. In a statement to Boursa Kuwait, KAMCO clarified that it has not yet …

Management Decisions