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28 07 2019
KAMEDA: KAMCO INVESTMENT COMPANY (KAMCO), a leading investment firm and one of the largest investment firms in the region in terms of the volume of badets under management, has announced that it is acting as the lead counsel and underwriting agent of KIPCO Capital Holding (KSC). P. ("KIPCO").
The total number of shares subscribed reached 529.89 million ordinary shares, while the total number of shares offered rose to 452.75 million shares, which which led to a subscription of 1.17 times. At the offer price of 210 wires per share, the total value of the shares subscribed was 111.28 million KD, against a offered value of 95.08 million KD. The IPO resulted in the capital increase of KIPCO from 154.73 million KD to 200.00 million KD through the issuance of 452.75 million ordinary shares representing approximately 29.3% of the issued capital and share capital. current paid-up capital.
The KIPCO capital increase aims to strengthen the existing capital structure and support its long-term strategy to expand its activities in the financial services, media, insurance, banking and investment sectors. 39, industry and education.
"We are proud of the role we played as the sole issuer and underwriter for this successful transaction," said Khalid Fouad, chief investment officer of KAMCO Investment Company. "These activities demonstrate our commitment to meeting our commitments to our customers and helping them achieve their strategic goals, and our gratitude and appreciation for the efforts of the Capital Market Authority, the Ministry of Trade and Commerce, and Industry, the Kuwait Clearing Company and all concerned parties that have been instrumental in the success of this transaction. "
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Editor's notes:
About KAMCO
KSCCO INVESTMENT COMPANY KSC (Corporate Services) is a leading investment firm in the Gulf region in terms of the volume of badets under management and a regional leader in the investment banking sector under the supervision of the Autorité des marchés Kuwait.
KAMCO was established in 1998 and listed on the Kuwait Stock Exchange in 2003. KAMCO is a subsidiary of United Gulf Bank. In 2018, KAMCO acquired a majority stake of 69.528% in Global Investment House ("Global").
KAMCO has become a regional leader in the investment industry by offering innovative products and services to its clients, which has enabled it to increase its badets under management to $ 13.8 billion (as at March 31, 2019) and to execute more than 141 successful investment banking transactions with a total value of US $ 20.4 billion (as of March 31, 2019).
With more than two decades of professional experience in the dynamic investment sector of Kuwait, KAMCO has forged a reputation for its solid performance, prudent investment philosophy, sound model, and a strong track record. solid company and firm conviction of the highest standards of transparency, while maintaining its growing and growing customer base.
As part of its future strategy, KAMCO intends to strengthen its core capabilities by offering innovative and innovative investment management services in the Middle East and North Africa, as well as financial services that meet the needs and requirements of clients, in offering innovative investment products and proposing a prudent investment approach, with the support of the company's professional team and its professional background.
KAMCO Investment Company (DIFC) Limited is a wholly owned subsidiary of KAMCO, established at the Dubai International Financial Center (DIFC) and licensed by the Dubai Financial Services Authority (DFSA).
For more information, please contact the Investor Relations Department:
Amr Hbadan Assistant Vice President and Head of Investor Relations
Marketing Management
+965 2233 6697 Tel:
Further information
For more information on KIPCO's capital increase operation or to view the prospectus and current transaction-related matters, please visit the transaction's website at http://www.kipco.com/. 39; address https://www.kamconline.com/what-we-do/investment-banking/.
© Press Release 2019
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