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 provision of financial and credit advisory, organisation and management of transactions, and management of collective investment schemes (CIS), according to a bourse statement released on Wednesday.

KAMCO Investment Company DIFC is located in the Dubai International Financial Centre (DIFC).

Kuwait-listed KAMCO Investment last reported a 63.2% year-on-year decline in profits during the fourth quarter of 2017.