Mubasher: KAMCO Investment has signed a number of major contracts in the real estate sector across the region, reflecting positively on the growth of the company’s international property portfolio, the CEO of KAMCO, Faisal Sarkhou, said in a recent statement.
The real estate portfolio of KAMCO has reached a value of $263 million, the CEO noted.
Sarkhou added that KAMCO succeeded in operating three major investment banking deals of which value was more than $1 billion.
KAMCO Investment Fund topped the list of the best performers in terms of return in Kuwait and the whole region as registered on 31 December 2017, the CEO said.
In fiscal year 2017, KAMCO posted a decline of 10.9% in profits to KWD 1.14 million compared to KWD 1.28 million in FY16.
At the stock level, KAMCO closed Tuesday’s session 0.72% lower at 68.5 fils.
