Kuwait – Mubasher: The shareholders of KAMCO Investment on Wednesday approved distributing 5% of capital or 5 fils per share as cash dividends for fiscal year 2016, according to a recent statement.
The company has succeeded in operating banking investment deals at a value of $1 billion during 2016, the CEO of KAMCO, Faisal Sarkhou, said.
He noted that the assets under management (AUM) amounted to about $10.4 billion as registered on 31 December 2016, according to the statement.
KAMCO Real Estate Fund reported doubling the managed assets to total $63.2 million, with a yield of 7.7% since the launch, Sarkhou added.
At the stock level, KAMCO closed Wednesday’s session 1.15% lower at 86 fils.
