Mubasher: Kuwait’s Capital Markets Authority (CMA) has approved the merger between KAMCO Investment and Global Investment House.

KAMCO will disclose the financial impact of the merger following the exchange of shares, according to a bourse statement released on Thursday.

It is worth noting that the Boursa Kuwait-listed company reported KWD 178,000 ($588,100) in losses during the third quarter of the year, versus profits of KWD 636,000 ($2.1 million) for the same period in 2018.