Riyadh - Mubasher: Global Investment House Saudi (Global Saudi) has changed its legal name and brand to Kamco Investment Company in line with the group's strategy to operate under one unified brand, "Kamco Invest".
The step, subject to the approval of the general assembly and the relevant Saudi regulatory authorities, follows the merger of Global Investment House with Kamco Investment late last year, according to a press release on Sunday.
On this occasion, chairman of Kamco Invest in Saudi Arabia, Sufyan Zamil Al Zamil, said, "By applying the new brand, the company joins the group companies located in Kuwait, the Dubai International Financial Center (DFIC) in addition to the representative office in Istanbul.”
"Regulated by the Capital Market Authority in the Kingdom of Saudi Arabia, Kamco Invest will continue to serve its clients, upgrade its services, and provide diversified investment solutions to become the preferred choice for its clients,” he continued.
In terms of asset management, Kamco Invest in Saudi Arabia manages the Kamco Saudi Equity Fund with assets under management (AUMs) worth more than SAR 581 million, while Kamco Invest has AUMs of more than $13 billion as at 31 December 2019 allocated to various asset classes and jurisdictions.