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Kamco Invest completes strategic Al Mazaya stake exit

Kamco Invest, a regional non-banking financial powerhouse based in Kuwait, said it has, in collaboration with Investment Banking, successfully completed the exit of a major stake in Al Mazaya Holding Company. ....

Abdul Hamid Mihrez , Al Mazaya , Mohamed Sherif El Rafie , Al Mazaya Holding Company , Special Situations Asset Management , Investment Banking , Executive Director , Kamco Invest , Sherif El Rafie , Equity Capital Markets , Rade Arabia , Iddle East Trade News , Cc Business News , Ndustry News , Trade News , Usiness Directory , Roject News , Remium Content , அல் மஜய , அல் மஜய வைத்திருத்தல் நிறுவனம் , சிறப்பு சூழ்நிலைகள் சொத்து மேலாண்மை , முதலீடு வங்கி , நிர்வாகி இயக்குனர் , காம்கோ முதலீடு , பங்கு மூலதனம் சந்தைகள் , வர்த்தகம் செய்தி ,

Kuwait's Kamco Invest completes strategic Al Mazaya stake exit

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Abdul Hamid Mihrez , Mohamed Sherif El Rafie , Marketing Group , Al Mazaya Holding Company , Syndigate Media Inc , Kamco Invest , Special Situations Asset Management , Investment Banking , Executive Director , Sherif El Rafie , Equity Capital Markets , Hilal Publishing , Marketing Group Provided , Syndigate Media , சந்தைப்படுத்தல் குழு , அல் மஜய வைத்திருத்தல் நிறுவனம் , காம்கோ முதலீடு , சிறப்பு சூழ்நிலைகள் சொத்து மேலாண்மை , முதலீடு வங்கி , நிர்வாகி இயக்குனர் , பங்கு மூலதனம் சந்தைகள் , ஹிலால் வெளியீடு , சந்தைப்படுத்தல் குழு வழங்கப்பட்டது ,

Kamco Invest reports $8.9m loss in 2020

Kamco Invest reports $8.9m loss in 2020
KUWAIT, 28 days
ago
Kamco Invest, a regional non-banking financial powerhouse with one of the largest AUMs in the region, reported a net loss of KD2.7 million ($8.91 million) for FY 2020 ended December 31, 2020 compared to a net profit of KD3 million in 2019.

The results were impacted by unrealised losses and the Coronavirus pandemic which disrupted government entities, the private sector, and economies since March 2020, the company said.

The slow of business since March 2020 had a negative impact on the fee & commission income which dropped by 21.4% compared to 2019 to reach KD15 million in 2020. Despite the unprecedented challenges, negative sentiments and the slow of business, the company continued to provide its clients with interruption-free services and distributed cash dividends to its shareholders for the fiscal year 2019 amounting to KD1.7 million in June 2020. ....

United Kingdom , Faisal Mansour Sarkhou , Ma Bank , Refinitiv Lipper Fund , First Securities Brokerage Company , Tradearabia News Service , Kamco Invest , Klipper Fund , Special Situations Asset Management , Investment Banking , Middle East , Securities Brokerage Company , Capital Intelligence , Mansour Sarkhou , Chief Executive Officer , Middle East Trade News , Gcc Business News , Industry News , Trade News , Business Directory , Project News , Premium Content , ஒன்றுபட்டது கிஂக்டம் , மா வங்கி , முதல் பத்திரங்கள் தரகு நிறுவனம் , காம்கோ முதலீடு ,