Kuwait: KAMCO Investment Company K.S.C. (Public), a leading investment company that is regulated by the Kuwait Capital Markets Authority with one of the largest AUMs in the region, signed an initial Memorandum of Understanding (MOU) with Takaud Savings & Pensions, a licensed Investment Business Firm (Category 1) by the Central Bank of Bahrain, and a closed joint stock company incorporated in the Kingdom of Bahrain. The MOU aims at creating a synergy between the two entities.
“The MOU between KAMCO and Takaud is an outcome of KAMCO’s future strategy which is constantly focusing on enhancing the company’s services and offering a new and diverse pool of investment products for its clients and shareholders,” KAMCO CEO Faisal M. Sarkhou, said.
“The steps will open doors to cooperative opportunities between the two companies in the State of Kuwait, Kingdom of Bahrain and regional countries, after obtaining approvals from the concerned authorities.”
“Being a key player in the local and regional investment field, KAMCO is always on the lookout for new horizons that will grow the company’s advisory and investment banking services in order to enrich its return-yielding investment tools for the shareholders.”
Sarkhou expressed his happiness towards the efforts that were exerted prior to the MOU signing ceremony, and emphasized the fruitful relationship ahead for both companies as they are looking forward to an upcoming phase with high performance levels in the investment and asset management arenas.
“Takaud’s core objective is to develop and expand in the investment field to become a leading company within the international standards specializing in providing optimal long-term savings and private pensions products for its clients that address the needs of the MENA region’s citizens and residents,” Takaud CEO, Luke Mitvi, said.