Approval of the merger project between KAMCO and Global

KAMCO Investment Company and Global Investment House (GLOBAL) announced that they have received the approval of the Kuwait Capital Markets Authority for the merger agreement between the two companies, namely KAMCO, the merged company, and Global , the merged company.

In a joint statement, the two companies predicted that the ongoing merger would result in the creation of one of the largest investment entities in the region in terms of the volume of badets under management of $ 14 billion. dollars and a record $ 21 billion in investment banking operations, including equity, Mergers and Acquisitions.

Taking the two companies for headquarters, the merger is a natural progression from KAMCO's acquisition of 70% of Global's stake in NC Ventures in September.