When the COVID-19 pandemic first started shutting down businesses globally, KIPCO Group was faced with the task of keeping its employees safe while finding a way for its companies to keep providing the necessary services many of its clients have become accustomed to...

KIPCO announced a net profit of KD 11 million (US$ 35.7 million) for the first six months of 2020, a drop of 19% compared to the KD 13.58 million (US$ 44 million) originally reported for the same period last year. The company's 2019 financials were restated due to a...

KIPCO has announced that it has repaid its US$ 500 million (KD 153.9 million) bond, maturing on July 15, 2020, in addition to US$ 23.4 million (KD 7.2 million) in interest. KIPCO has no maturing debts for the next three years As part of its strategy, KIPCO regularly...

Kamco Invest CEO: What began as a business expansion opportunity became a historic achievement Our goal was to create a larger, stronger & more resilient non-banking financial powerhouse. We have a wealth of highly talented individuals who play a pivotal role in...

Kamco Invest acquired three fully leased office buildings in each of Surrey and Bristol, England and Hamilton, Scotland. The properties are expected to generate a net cash yield of 8.5% annually and offer 208,262 sq ft of office space with an average lease term of...

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...

JKB launched its ‘Your Health is Our Concern’ campaign, where the bank prepared its branches and offices to safely resume operations in accordance with the Jordanian government’s guidelines for social distancing due to the COVID-19 pandemic. The preparations included...

GIG’s financial strength rating was affirmed by AM Best at ‘A Excellent’ with a negative outlook. The rating agency recognized GIG’s healthy regional business profile, good risk-adjusted capitalization, continued strong profitability, the Group’s ability to generate...

London Forfaiting Company (LFC), a FIMBank subsidiary, was the recipient of the ‘Best Alternative Trade Finance Provider’ award at the Global Trade Review’s Leaders in Trade awards. Global Trade Review annually present these awards to acknowledge leaders from the...

Burgan Bank launched its latest service, Tijarati, a platform created to help businesses manage their finances and track all their transactions as they happen. The new application, available on computers and mobile devices, provides business owners real-time...