Global Saudi adopted the new Kamco Invest brand name, following the merger and rebrand of its mother company Global with Kamco Invest. The entity formerly known as Global Saudi is the fifth largest asset management firm in the Gulf region, with assets under management of US$ 13 billion and has lent it services to investment transactions exceeding US$ 22.3 billion since inception.
Global Saudi also manages the Kamco Saudi Equity Fund with assets under management in excess of SAR 581 million, making it the second largest conventional Saudi equity fund and the largest fund managed by an independent investment company not affiliated with a local bank.
Following this announcement, the Chairman of the entity formally known as Global Saudi, Mr Sufyan Al Zamil said, “By applying the new brand, the company joins the group companies located in Kuwait, the Dubai International Financial Center, in addition to the representative office in Istanbul. Regulated by the Capital Market Authority in the Kingdom of Saudi Arabia, Kamco Invest will continue to serve its clients, upgrade its services and provide diversified investment solutions to become the preferred choice for its clients. On this occasion, we cannot but extend our sincere appreciation to our clients for their continued confidence and support, assuring them of our continuous commitment to meet their ambitions and exceed their expectations.”