Mubasher TV
Contact Us Advertising   العربية

KAMCO closes $7.6bn DCM transactions

KAMCO closes $7.6bn DCM transactions
KAMCO’s officials receive Global Fiance's award
KAMCO
KAMCO
1.19% 102.00 1.20
Damac
DAMAC
0.00% 1.40 0.00

Mubasher: Since launching its Debt Capital Markets (DCM) group, KAMCO Investment Company has successfully closed 43 DCMs transactions worth of about $7.6 billion.

Seven bonds and sukuk transactions were closed by KAMCO during the past two years with around $2.2 billion value raised, elevating the company among the most active asset managers and investment banking firms across the region, according to a press release on Monday.

KAMCO was able to contribute successful conclusion for numerous transactions for key entities, thanks to its strong footprint in the regional debt market and its extensive networks and relationships with clients.

KAMCO’s banking team has contributed to a DCM track record of accomplishment, managing over 80% of the Kuwaiti Dinar-denominated bonds over the last decade.

Furthermore, KAMCO has co-managed numerous top transactions for various entities, including Kuwait Project Company (KIPCO) with a $500 million worth of bond issue, in addition to KIB and Damac Properties with a $300 million and $400 million worth of sukuk issues.

KAMCO won the “Best Debt Bank in the Middle East – 2019” award from the renowned Global Finance’s 21st award ceremony in recognition for its outstanding performance during the period.

KAMCO’s head of debt capital markets Omar Zaineddine, and vice president of DCM Bader Al Ghanim both received the award on behalf of the company during the ceremony that took place on 19 October in Washington D.C.

In this regard, Zaineddine said, “Our success stems from our highly skilled team and ability to lead several workstreams simultaneously in a timely professional manner for our clients while utilising our extensive resources.”