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KAMCO to create investment bank in Cairo

KAMCO to create investment bank in Cairo

Cairo: Kuwait’s KAMCO Investment Company is planning to establish an investment bank in the local market as part of its regional expansion plan. KAMCO has recently created an affiliated company in Dubai financial market.

Sources told Al Mal that KAMCO is studying the value of investments planned to be pumped into the local market. The firm has decided to launch financial consulting and promote and cover subscriptions in the first stage.

It should be recalled that the Kuwaii company has recently appointed Sherif Abdel Aal, the former managing director for investment banks division at Pharos Holding, as the regional managing director form merge and acquisition division in preparation for penetrating the local market.

The sources added that KAMCO has appointed Zaki Hashem & Partners (ZH&P) as the legal advisor to the company on creating the investment bank.

KAMCO is implementing an expansion plan through which the company aims to offer its services to as many international customers as possible, according to sources.

Source: AlMal

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