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Monday, November 30 - 2009

KAMCO receives prestigious award for best financial services website in Kuwait

KAMCO (The KIPCO Asset Management Company) was awarded the coveted prize for best financial services website in Kuwait by the HH Shaikh Salem Al-Ali Al-Sabah Award for Informatics.

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The award was presented at an exclusive presentation held under the patronage of HH the Emir who presided over the event.

"KAMCO takes great pride in offering best of breed services to our clients and in this day and age superior online services are an essential component of a comprehensive customer care solution," said Majed A. Al Adwani, Senior Vice President, Information Technology Department. "The recognition will help raise overall informatics standards in Kuwait."

KAMCO has a formidable IT team that is responsible for managing all its transactions for different client portfolios, calculating client returns and preparing necessary reports on a daily basis so that clients can access their up-to-date account information whenever they wish. Transparency, accuracy and speed are the key characteristics that have underlined KAMCO's approach to customer care and in particular to the development of online financial services.

The prestigious award was initiated in 2001 by HH Shaikh Salem Al-Ali Al-Sabah to promote the information acceleration revolution in Kuwait. It remains one of the most important awards promoting knowledge sharing through technology in the Arab world. The award also aims to encourage IT capabilities in information development in the private and public sector in Kuwait.
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Notes and media contacts

About KAMCO:
KIPCO Asset Management Company (KAMCO) is a premier asset management and financial services company providing its clients with ready access to MENA and international capital markets, as well as innovative and performance-driven financial products and solutions.

Established in 1998 in Kuwait, KAMCO has been listed on the Kuwait Stock Exchange since 2003 and is a subsidiary of United Gulf Bank (UGB), KIPCO's investment banking subsidiary.

KAMCO has assets of KD2.54bn (or $9bn) under management, and more than 110 professional employees throughout its operations. The company focuses on two strategic client activities: Asset Management and Financial Services.

KAMCO's Asset Management division provides tailored portfolio management, forward trading, access to IPOs and local and international fund management, supported by leading edge investment research. The Financial Services division delivers a full range of corporate finance advisory services, including mergers and acquisitions, underwriting, private placements, debt issuance and restructuring, as well as private equity management.

KAMCO has strategic affiliations with major institutions and professional business partners around the world, facilitating competitive and international best practice solutions to its clients.

KAMCO's efforts are aimed at further enhancing our position as an innovative leader in asset management and financial services solutions in the Middle East.

Contact for Media Enquiries:
Ms. Rola Al-Mohtaseb
Manager-Marketing, Sales & PR
KAMCO
Tel: +965 805885 Ext:1303
Fax: +965 245 8572

Dina Sabry
Media Relations Manager
Hill & Knowlton
Tel: (965) 2322976
Mobile/Cell: (965) 9445975

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