KAMCO nominated to 'Best Asset Management House' category at Banker Middle East Industry Awards 2009

Notes and media contacts

About the Banker Middle East Industry Awards 2009:

Now in its ninth year, the Banker Middle East Industry Awards Ceremony is widely recognized as the most prestigious event in the banking and finance calendar, providing the benchmark for successful financial institutions. Winners for each category will be announced following online voting on CPI Financial website (www.cpifinancial.net) by readers and subscribers of CPI publications. The 2009 Awards event will be held in Bahrain on June 10th.

About KAMCO:

Established in 1998 with the mission to significantly alter the local and regional investment landscape, KAMCO is a premier asset management, investment banking and financial services company based in Kuwait. A subsidiary of United Gulf Bank (UGB) - the investment banking subsidiary of Kuwait Projects Company (KIPCO) - KAMCO was listed on the Kuwait Stock Exchange (KSE) in 2003.

Over merely ten years of conducting business in Kuwait's dynamic investment industry, KAMCO has successfully established a robust reputation for solidity, characterized by its prudent, conservative investment philosophy which has consistently commanded the goodwill of a wide patron-base comprising a current shareholders' equity base of KD93.1m and a portfolio of close to a 1000 institutional and individual clients.

KAMCO's Asset Management Division specializes in customized portfolio management, forward trading, access to IPOs, and local and international fund management supported by its superlative Investment Advisory and Investment Research business verticals. The Company's Financial Services Division offers a full range of advisory services on mergers and acquisitions (M&As), underwriting, private placements, debt issuance and restructuring, and private equity management.

KAMCO's commitment to sustainable profitability has rendered it a stable and secure financial standing in 2008, despite a challenging economic climate. The Company's Assets Under Management (AUM) saw a 6% year-on-year growth to KD2.6bn in 2008, while its reach expanded to the market of Abu Dhabi through its affiliate Royal Capital the same year.

In 2009, the Company will further aggressively build upon its core competencies to offer MENA-wide investment management consultancy and services, backed by its proven track-record in stringent risk mitigation, investment product innovation, and a cautious investment approach towards local, regional and international capital markets.

For further information, kindly contact:

Christina Aoun
Public Relations Executive
Ogilvy Public Relations Worldwide, Kuwait
Office: +965 24610371 Ext 27
Fax: +965 24610376