KAMCO participates in Euromoney conference

The Executive Vice President- Asset Management Division, Zaid Al Naqeeb, participated on a discussion panel debating Kuwait's opportunities to create a more favourable environment for growing available assets under management in the market.

"Kuwait needs to establish a capital markets authority that will encourage international investment into the local market by creating more attractive conditions for investors," commented Mr. Al Naqeeb. "Moreover, there is a significant need for the development of a wider, more flexible and versatile range of investment instruments in Kuwait to satisfy the demands of an investor base that is becoming increasingly sophisticated."

KAMCO has sought to address some of the investor demands for more sophisticated and varied investment instruments and has been actively developing new financial products that cater to the specific needs of local and regional investors.

The international event organised by Euromoney was held for the first time in Kuwait at the behest of the Ministry of Finance, heralding a renewed government vigour for encouraging the expansion of Kuwait's economy. Attended by the elite in business, the public and private sectors, KAMCO was also one of the main sponsors of this event.

"KAMCO has been a active force in helping develop Kuwait's financial market for the last ten years and we encourage constructive discussions about how best we can work together in our country to develop its potential as a key centre for trade and finance in the region,"

said Qais Al Shatti, Executive Vice President, Sales&Strategic Marketing for KAMCO.

"We are delighted to have been invited to present our views at this renowned conference and feel privileged to work alongside our respected peers in the industry. We feel strongly about supporting such productive events as the benefits will have an impact on our collective future economy and sustained existence."

The aim of the conference was to encourage interactive discussions on tax reforms, the implications and opportunities because of high market liquidity and encouraging wide ranging discourse on improvements required to help Kuwait's economy emerge as a key force in the global financial market.