Kamco Investment (KAMCO) News - Mubasher Info
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15 May 06:43 PM

Kamco Investment (KAMCO`R)

Last update: 14 May 01:09 PM market time.
190.00
71.00
59.66%
Open 187.00
Previous Close 119.00
High 190.00
Low 186.00
Stock Statistics
Volume 112,388
Turnover 20,943.61
All data are 15 minutes late during market session

News

The issuance was well received by a wide variety of investors including government
7 January 2018 01:30 PM KAMCO, GBK, NBK Capital lead KIPCO’s KWD 100m bonds
Mubasher: KAMCO Investment Company, Gulf Bank of Kuwait (GBK), and NBK Capital acted as Joint Lead Managers for the Kuwait Projects Company (KIPCO)’s senior unsecured dual-tranche bonds worth KWD 100 million. This bonds issue is due December 2024, …
Bonds
The demand for KIPCO’s subscription to bonds exceeded the supply by 1.45 times
28 December 2017 05:04 PM KIPCO issues KWD 100m bonds in 2 tiers
Mubasher: Kuwait Projects Holding (KIPCO) has completed the issuance of bonds valued at KWD 100 million ($331 million) as the first issuance in the private companies sector in Kuwait for a seven-year tenor. The demand for KIPCO’s subscription to …
Companies Investments
This exit deal will influence KAMCO’s consolidated income statements
14 December 2017 05:14 PM KAMCO exits controlling stake in USA; assets to shrink $63m
Mubasher: KAMCO Investment has sold a controlling stake in a building in the United States that is rented to Abbott Laboratories, according to a bourse statement disclosed on Thursday. This exit deal will influence KAMCO’s consolidated income …
Companies Investments
The issuance will be undertaken through two tiers
27 November 2017 04:09 PM CMA nods to KIPCO for issuing KWD 100m bonds
Mubasher: Kuwait Projects Holding (KIPCO) said that the Capital Markets Authority (CMA) approved the issuance of bonds regarding the subscription in the State of Kuwait for a total value of KWD 100 million or less. The issuance will be undertaken …
Bonds
KAMCO logged KWD 621,320 in profit in Q3-17
29 October 2017 09:37 AM KAMCO Investment profits surge 273% in Q3
Mubasher: KAMCO Investment on Sunday announced achieving a profit surge in the third quarter of 2017, along with positive results for the first nine months of the year. The Kuwaiti company logged KWD 621,320 ($2.06 million) in profit in the period …
Financial Results
A profit worth KWD 268,000 ($887,133) is expected to be realised from the exit deal
2 October 2017 03:19 PM KAMCO Investment exits $3.64m stake in UAE firm
Mubasher: KAMCO Investment has sold its entire stake in Royal Capital, an associate in the UAE, according to a bourse statement issued on Monday. KAMCO’s stake in the UAE firm accounted for 26% of the capital, for a total value of KWD 1.1 million …
Company News
This approval is granted for a duration of six months
2 October 2017 00:06 PM CMA approves sell/buy up to 10% of KAMCO’s shares
Mubasher: The Kuwaiti Capital Market Authority (CMA) has approved KAMCO Investment's request to purchase or sell 10% or less of its treasury shares. This approval is granted for a duration of six months starting from the CMA’s approval date on on …
Corporate Actions
KAMCO recorded a surge of 111.6% in profits in Q1-17
27 July 2017 04:10 PM KAMCO posts lower profits in Q2
Mubasher: KAMCO Investment reported a decline of 25.6% in profits during the second quarter of 2017 compared to the same period a year ago. Earnings decreased to about KWD 437,990 ($1.45 million) in Q2-17 from approximately KWD 588,830 ($1.94 …
Financial Results
KAMCO expects to achieve a net profit of GBP 500,000 from stake sale
9 July 2017 05:29 PM KAMCO obtains KWD 195,000 for UK building stake sale
Kuwait – Mubasher: KAMCO Investment said it expects to achieve a net profit of GBP 500,000 (KWD 195,000) from selling a controlling stake in a UK property leased to Amazon UK Services Ltd. These profits will be registered in the company’s …
Companies Investments
KAMCO's liabilities will shrink by GBP 56.5 million
6 July 2017 03:14 PM KAMCO exits GBP 25.3m stake in UK
Mubasher: KAMCO Investment has sold a controlling stake worth GBP 25.3 million (KWD 10 million) in a UK property leased to Amazon UK Services Ltd. The financial impact of this sale deal will be a decrease in KAMCO’s assets by GBP 56 million, while …
Companies Investments
KAMCO dropped 15.66% to reach 70 fils
12 June 2017 11:38 AM KAMCO stock falls to lowest level since listing
Kuwait – Mubasher: The stock of KAMCO Investment posted its lowest level since its listing in line with the company’s announcement of two takeover deals. By 11:30 am Kuwait time, KAMCO dropped 15.66% to reach 70 fils, with liquidity of about KWD …
Stock Evaluations
The overall value of the two deals stands at $87.4 million
12 June 2017 11:17 AM KAMCO completes $64m acquisition deal
Mubasher: KAMCO Investment has acquired interest in special purpose vehicles for $23.4 million, through which it has acquired the building of Abbott Laboratories Nutrition’s headquarter in the US, according to the company’s statement. The value of …
Companies Investments
(Photo Credit: Company website)
15 May 2017 01:32 PM KAMCO profits grow 112% in Q1
Kuwait – Mubasher: KAMCO Investment’s profits hiked 111.6% in the first quarter of 2017. Net profits reached KWD 285,990 ($937,060) in Q1-17 from KWD 135,150 ($442,820) during the same period of 2016. The stock markets’ recovery contributed to the …
Financial Results
Photo Credit: Arabianeye-Reuters
10 May 2017 04:27 PM KAMCO to pay 5 fils/shr dividends
Kuwait – Mubasher: The shareholders of KAMCO Investment on Wednesday approved distributing 5% of capital or 5 fils per share as cash dividends for fiscal year 2016, according to a recent statement. The company has succeeded in operating banking …
Mutual Funds
(Photo archive)
2 April 2017 05:58 PM KAMCO Investment obtains KWD 5m credit facilities
Kuwait - Mubasher: KAMCO Investments obtained credit facilities worth KWD 5 million ($16.4 million) from a national bank. These facilities will finance the current and future activities of KAMCO, the company said on Sunday in a statement to Boursa …
Banking and Finance
Photo Credit: Press Release
2 April 2017 11:05 AM KAMCO acquires Amazon UK warehouse
Mubasher: KAMCO Investment Company acquired the largest distribution warehouse of Amazon UK Services for approximately £61 million, according to a recent statement. KAMCO said that the acquired property is leased to Amazon on a triple net lease …
Companies Investments
Photo Credit: Arabianeye-Reuters
1 April 2017 11:01 AM Qurain acquires 20.5% of Napesco; KAMCO acts as deal advisor
Kuwait - Mubasher: KAMCO Investment Company has announced the completion of Qurain Petrochemical Industries Company’s (QPIC) acquisition of a 20.5% stake in National Petroleum Services Company (NAPESCO), according to a press release. KAMCO, which …
Mergers and Acquisitions
(Photo Credit: Company website)
30 March 2017 10:01 AM KAMCO recommends dividends at 5 fils/shr
Kuwait – Mubasher: The board of directors of KAMCO Investment Company (KAMCO) recommended distributing cash dividends for 2016 at 5% of the share’s nominal value, or 5 fils per share. KAMCO’s capital amounts to KWD 26.33 million, distributed over …
Cash Dividends
Photo Credit: Arabianeye-Reuters
29 March 2017 09:57 AM KAMCO Investment posts lower profits in Q4
Mubasher: KAMCO Investment recorded profits worth about KWD 385,400 ($1.26 million) during the fourth quarter of 2016 which came 69.4% lower than KWD 1.26 million ($4.13 million) during the same period of 2015. During the fiscal year, earnings …
Financial Results
Photo Credit: Arabianeye-Reuters
14 March 2017 09:27 AM KAMCO gains profit from selling asset
Kuwait - Mubasher: KAMCO Investment said that a profit of about KWD 223,78 ($730,500) was generated from selling assets worth KWD 14.48 million. The gain was realised from selling KAMCO’s stake in the operating centre building of GE company, …
Companies Investments
KREYF increased by 116 basis points with a growth rate of 27.82% (Photo Credit: Arabianeye-Reuters)
20 February 2017 01:45 PM KAMCO property fund posts 5.33% returns in 2016
Mubasher: KAMCO Investment Company said that its property fund, KAMCO Real Estate Yield Fund (KREYF), achieved 5.33% returns during 2016, compared to 4.17% returns in 2015, according to a statement issued on Monday. KREYF increased by 116 basis …
Mutual Funds
The loan will be used in financing the current and future business (Photo Credit: Arabianeye-Reuters)
19 February 2017 02:33 PM KAMCO Investment gets $40m loan
Mubasher: KAMCO Investment has obtained $40 million worth credit facilities, according to a bourse filing issued on Sunday. The loan will be used in financing the current and future business of KAMCO. On the stock level, KAMCO ended Sundays …
Companies Investments
The Fund is run by KAMCO in collaboration with an international investment service provider (Photo Credit: Arabianeye-Reuters)
31 January 2017 02:32 PM CMA nods to KAMCO Islamic fund’s public offering
Mubasher: KAMCO Investment Company said that the Capital Markets Authority (CMA) agreed on the establishment and public offering of its KAMCO Islamic Equity Fund (KIEF). The Fund has a targeted size ranging from $18 million to $550 million, …
Companies Investments
The fund’s size will range from $18 million to $550 million (Photo Credit: Company Press Release)
30 January 2017 04:26 PM KAMCO starts public offering of Islamic fund unit
Mubasher: KAMCO Investment Company received the approval of the Capital Markets Authority (CMA) to establish and launch public offering of its KAMCO Islamic Equity Fund (KIEF), according to a statement. The fund’s size will range from $18 million …
Companies Investments
Napesco’s shares deal has a value of KWD 5.47 million (Photo Credit: Arabianeye-Reuters)
3 January 2017 01:48 PM Qurain buys 6.83m shares in Napesco
Kuwait – Mubasher: Boursa Kuwait has completed the procedures for selling 6.83 million shares of National Petroleum Services (Napesco) to Qurain Petrochemical Industries at 800 fils per share. Napesco’s shares deal has a value of KWD 5.47 million, …
Mergers and Acquisitions