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GCC banks post record nigh net profit in Q1: KamcoAggregate net profit for listed banks in the GCC reached a new record high during Q1, mainly led by a steep q-o-q increase in non-interest income that more than offset a sequential decline in interest income in Qatar and Kuwait, a report said. More… |
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GCC companies post drop in profits during Q1: KamcoQuarterly profits reported by GCC-listed companies declined year-on-year (y-0-y) during the first quarter (Q1) of the year mainly led by a fall in energy and commodity prices, said Kuwait-based financial powerhouse Kamco in a new report. More… |
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GCC banks post interest income of $18.6bn in Q3: KamcoNet interest income for listed banks in the GCC reached a record quarterly level at $18.6 billion during the third quarter (Q3) of 2022 compared to $17.2 billion during Q2-2022, a report said. The sequential increase was broad-bas More… |
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Kamco plays key role in Qurain Petrochemical's ATC acquisition dealKamco Invest, a regional non-banking financial powerhouse, acted as the Partial Purchase Offer Manager to Qurain Petrochemical Industries Company (QPIC) in purchasing a key stake in leading Kuwaiti group Advanced Technology Company (ATC). More… |
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Kamco plays key role in Qurain Petrochemical's ATC acquisition dealKamco Invest, a regional non-banking financial powerhouse, acted as the Partial Purchase Offer Manager to Qurain Petrochemical Industries Company (QPIC) in purchasing a key stake in leading Kuwaiti group Advanced Technology Company (ATC). More… |
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Kamco plays key role in Qurain Petrochemical's ATC acquisition dealKamco Invest, a regional non-banking financial powerhouse, acted as the Partial Purchase Offer Manager to Qurain Petrochemical Industries Company (QPIC) in purchasing a key stake in leading Kuwaiti group Advanced Technology Company (ATC). More… |
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GCC banking sector sees 7-quarter high ROE in 2021: KamcoHigher profits reported by GCC banks pushed the aggregate return on equity (ROE) for the sector to a 7-quarter high level of 10.4% at the end of 2021 as compared to 9.6% in Q3-2021 and 8.1% at the end of 2020, a report said. Profi More… |
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Kamco hosts webinar on thematic investingKuwait-based Kamco Invest, a regional non-banking independent financial powerhouse with one of the largest AUMs in the region, recently hosted a webinar focused on thematic investing in collaboration with Goldman Sachs Asset Management. More… |
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Oil likely to hit triple digit in 2022 on tight market: KamcoSeveral estimates now suggest oil reaching triple digit market this year as supply struggles to cope up with rising demand led by years of underinvestment coupled with retrained supplies from not just Opec but even non-Opec producers worldwide, More… |
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Potential risks could mar IPO activity in 2022: KamcoA number of potential risks do appear in 2022, that could impact IPO activity within the region, after a stellar 2021 performance which saw 20 IPOs in the GCC, shooting up from 7 issuance in 2020. However More… |
