Kamco Invest: Fee-based Income Growth Aligns with Strategy to Focus on Quality of Earnings
- gceosocial
- Apr 27
- 2 min read
Updated: May 11
Shiekh Talal Al-Ali Al-Sabah: These results reflect the strength of our fee-based business model and our ability to generate consistent value for our stakeholders
Mr. Faisal Sarkhou: Throughout the year, Kamco Invest and Burgan Bank further strengthened their strategic relationship, and several initiatives were launched between the two parties
Kamco Invest held its AGM for the fiscal year ending 31 December 2024. Shareholders approved a 5% cash dividend, amounting to KWD1.7mn. The meeting, chaired by Sheikh Talal Al Sabah, highlighted key achievements in 2024.
The Chairman noted strong global market gains despite geopolitical tensions, with GCC markets underperforming but seeing record IPOs. The MSCI GCC Index grew by 0.7%, led by Dubai's 27.1% increase. Kamco Invest reported a 41.1% rise in total revenue to KWD25.4mn, driven by a 15.0% growth in fee income.
CEO Mr. Faisal Mansour Sarkhou presented operational milestones, including raising over USD1.2bn and growing assets under management by 7% to USD15.9bn. The Investment Banking division executed USD4.9bn in transactions, strengthening Kamco's Middle Eastern presence.
Kamco Invest's equity funds outperformed peers, with the Kamco Investment Fund achieving a 14.89% return and winning six LSEG Lipper Fund Awards. The Alternative Investments division expanded offerings and distributed USD58.1mn to investors.
Despite regional market challenges, the Investment Banking team executed 11 key transactions, including bond issuances and a major IPO. Kamco Invest expanded its global presence and enhanced digital offerings with a new app and web portal.
The company reinforced its ESG commitment, focusing on employee well-being, sustainability, and community engagement. The Chairman thanked regulatory authorities, clients, and shareholders for their support, emphasizing Kamco's growth and future ambitions.
Net profit grew by 481.8% to reach KWD4.4mn
AUM reached USD15.9bn, an increase of 7%
Raised over USD1.2bn for several products and transactions
Shareholders approved the Board of Director’s recommendation to distribute 5% cash dividends
