Mubasher: Kamco Investment Company today launched its new identity “Kamco Invest” after completing the legal, operational, and integration merger with Global Investment House (Global).

The merger is part of the company’s strategy, which was initiated in 2014 to expand its client base and establish long-lasting relationships.

In a press conference, KAMCO CEO, Faisal Mansour Sarkhou, said, “Today we are in the second phase of implementing our strategy as we become a more competitive investment company in the local and regional markets.”

“What differentiates this merger is the integration of combined years of knowledge operating in the investment sector, coupled with a range of progressively developed products and services that support Kamco Invest’s competitive position,” the CEO added.

It is worth noting that Kamco Invest was ranked by Moody’s last September as the fifth-largest asset manager in the GCC region, with a portfolio of assets under management (AUM) of around $13.7 billion, with various asset classes and jurisdictions.

With investment banking credentials exceeding $21 billion, Kamco Invest is one of the most active asset managers and investment banking firms in the region.

The Company has managed and co-managed around $8.4 billion in equity finance, arranged around $6.8 billion in conventional and sharia-compliant debt, and advised merger and acquisitions (M&A) mandates worth over $5.2 billion.

“Kamco Invest’s new workforce includes highly skilled individuals who specialise in various fields and hold a record of achievements that adds great value to the company,” Sarkhou stated.