Kuwait Finance and Investment Company (KFIC) 2016 Financial Results: 211,000 KD Net Profit for 2016
Kuwait Finance and Investment Company (KFIC) notably attained a 211 thousand KD net profit in the 2016 financial year.
List of all articles filed under “kuwait-investment” category.
Kuwait Finance and Investment Company (KFIC) notably attained a 211 thousand KD net profit in the 2016 financial year.
The aim of the newly-established Faith Capital Holding is to grow local businesses into GGC businesses that have branches across the six countries in the Gulf, by the means of ethical business.
Kuwait Finance and Investment Company (KFIC) is providing portfolios and fund management and currently manages approximately USD 1 billion of assets and funds. KFIC also offers investment banking services and unique structured products that fit clients’ risk appetite.
So whilst the effects of declining oil revenues have been considerable, Kuwait, which boasts large fiscal reserves accumulated over the past few decades, has been able to stave off the precipitous corrections that have hit some other petro-states in recent years.
“55 years is a long time… we started with Arab countries and then moved on to non-Arab countries in Africa and Asia. You know what happened with the Arab Spring in different countries such as Syria, amongst others, where Kuwait Fund started with developmental aid, particularly in terms of building physical projects to enhance the economies of countries that we support.”
“In our sector, the investment sector, and through being a specialized, client-driven, asset management investment bank, our focus is on building and continuing to maintain our strong leadership position. Part of that is the trust that is bestowed upon us by our clients and our various stakeholders.”
“Overall, we feel that the non-oil economic growth is going to outperform the oil economic growth. OPEC has implemented production cuts in order to stabilize oil prices, and Kuwait will be adhering to those cuts. That will have an effect on the real GDP growth because Kuwait is such a highly energy dependent economy. It all depends on how the oil markets behave.”
“The government is now concentrating on our cultural sites. We recently completed the Sheikh Jaber Al-Ahmad Cultural Centre, which houses an opera center and different convention centers. By the middle of this year, we expect to open another cultural and scientific center, called Abdullah Al Salem Cultural Centre.”
Faisal M. Sarkhou, CEO of KAMCO talks about the effects of the introduction of CMA in 2011.
Faisal Hasan, Senior VP of Investment Research Department at KAMCO talks about the investment outlook for the MENA region.