During 2024, Kamco Invest recorded solid growth across key financial indicators including net profits, shareholders’ equity, assets under management, and total revenue. These results demonstrate the alignment between sustainable practices and long-term business resilience. The Company closed the year with USD 15.9 billion in assets under management, marking a seven-percent year-on-year increase, while its investment-banking team executed eleven high-profile transactions across the region with a combined value of USD 4.9 billion, including major IPO and debt-market deals.
Throughout the year, Kamco Invest expanded its sustainable-investment platform to introduce investment solutions aligned with the Principles for Responsible Investment by acquiring a majority stake in a pan-European logistics real-estate platform committed to investing in environmentally sustainable facilities. This strategic acquisition reflects the Company’s growing emphasis on embedding environmental considerations into the structure of its investment offerings while providing regional investors with access to purpose-driven, future-focused opportunities.
Environmentally, Kamco Invest redesigned its offices to optimize natural light and upgrade energy-efficient systems, resulting in lower electricity consumption. The Company also introduced measures that reduced single-use plastics across operations, leading to a measurable decrease in greenhouse-gas emissions compared to 2023.
On the governance front, Kamco Invest maintained full compliance with regulatory standards and preserved its short-term credit rating of “A3” and long-term rating of “BBB,” with a stable outlook reaffirmed by Capital Intelligence. The publication of the Company’s fourth sustainability report demonstrates a sustained commitment to transparency, consistency, and accountability in ESG disclosures, reinforcing stakeholder confidence across all areas of operation.
We remain committed to elevating our service offering to enrich the overall client experience. During the year we launched our all-new Kamco Invest App, in addition to our new web client portal, which offers clients seamless access to their accounts and portfolios. Both the app and web portal are equipped with advanced AI-powered features, further enhancing the user experience and enabling clients to manage their investments with ease and confidence.
Community engagement remained a cornerstone of Kamco Invest’s sustainability efforts in 2024. The Company launched the “Invest in Your Health” campaign during the Breast Cancer Awareness Month in collaboration with Kuwait Hospital, providing free mammograms to employees and their families. It also organized a blood-donation drive in partnership with Kuwait Projects Company (Holding) and its sister companies to further promote health and wellness within the community. We also played an active role in shaping industry dialogue by hosting several investment conferences and discussions, further contributing to knowledge-sharing within the financial sector.
In support of youth development and education, Kamco Invest welcomed 45 interns during the year, marking a 100% increase compared to 2023. Nearly half of the interns were females, and the majority were Kuwaiti nationals, reflecting the Company’s ongoing efforts to empower local talent and enhance inclusion. Kamco Invest also achieved considerable increases in female representation at all levels across the organization, in line with its commitments under the United Nations Women’s Empowerment Principles and the Kuwait Women’s Economic Empowerment Platform. Kamco Invest also collaborated with local universities, providing students with exposure to financial markets through focused lectures and real-world engagement.
Internally, Kamco Invest continued to invest in employee wellbeing and professional development by advancing workplace initiatives that promote a positive, resilient, and inclusive corporate culture. These efforts reflect the Company’s recognition that long-term value creation is only possible when employees are empowered, supported, and engaged.
Nawal Mulla-Hussain, Managing Director of Support Operations, commented, “Our focus on sustainable growth is rooted in our responsible actions, disciplined execution, and deep commitment to delivering long-term value to our stakeholders. We believe that embedding sustainability into our business strategies is vital to driving long-term success and generating greater value and impact for the society.”
She added, “In 2024, we expanded our sustainable investment platform, strengthened our governance, deepened our community partnerships, and reinforced our people-first culture. Our results demonstrate that responsibility is not a constraint on performance, but a catalyst for it.”