Description

On behalf of the board of KAMCO Investment Company KSC (Public), I am pleased to announce to our respected shareholders that the company has maintained the positive momentum on which it started 2014, despite some rough weather towards the fourth quarter, which caused a decline in the Net Profit.

Our financial results for the year ended December 2014 have recorded a Net Profit of KD 1.96 million (Earnings per Share of 8.2 fils); compared to a Net Profit of KD 3 million (Earnings per Share of 12.6 fils) in 2013.

KAMCO achieved KD 5.1 million in Fee Income in 2014 compared to KD 5.3 million in 2013. The company reduced its Debts by 17% to KD 24 million in 2014 compared to KD 29 million in 2013. Our AUM registered a significant growth of 23% in 2014 to reach KD 3.5 billion (USD 12.2 billion) in 2014, compared to KD 2.9 billion (USD 10.1 billion) in 2013.

We rode over the unexpected economic turbulence in the latter half of 2014 by adjusting our strategies to be more client-focused and to avoid, and limit in some cases, the adverse impact of a series of crises.