Mubasher: KAMCO Investment Company announced on Monday the opening of its first international office in Dubai International Financial Centre (DIFC), according to a recent statement.
KAMCO, the subsidiary of United Gulf Bank (UGB) Bahrain, obtained a Category 4 license from the Dubai Financial Services Authority (DFSA).
Servicing its broad international client base, KAMCO’s DIFC operations will advise on financial products and credit as well as arranging for credit or deals in investments.
“We look forward to expanding our operations within the region as part of our strategic outlook, focusing on meeting the needs of our existing and potential clients,” said CEO of KAMCO Faisal Sarkhou.
He added “We currently hold over $11 billion of client AUM and have successfully completed investment banking transactions worth over $12.5 billion as of March 31st, 2016.”
“The inauguration of KAMCO’s first international office marks another step in our 2024 strategy to grow and diversify DIFC’s dynamic client portfolio in addition to increasing overall AUMs in the Centre to $250 billion by 2024,” said CEO of DIFC Authority Arif Amiri.
