According to Capital Standards, "There are a total of 100 investment companies operating in Kuwait with 54 operating within the confines of the Islamic Sharia provisions and the rest operating as conventional investment companies." Some of these companies offer asset management services. "The GCC Asset Management Industry, with roughly 100 asset management companies, manages approximately USD 29bn in assets in about 325 funds as of 31st March 2011. Geographically, Saudi Arabia country funds account for 62% of the total, followed by Kuwait country funds with 19% share" says Markaz in its latest GCC asset management report.
Top Asset Management Companies in Kuwait
Established in 1998 with the mission to significantly alter the local and regional investment landscape, KAMCO is a premier investment company based in Kuwait. A subsidiary of United Gulf Bank (UGB) – the investment banking subsidiary of Kuwait Projects (Holding) Company (KIPCO) – KAMCO was listed on the Kuwait Stock Exchange (KSE) in 2003.
KAMCO's Asset Management Division specializes in customized portfolio management, access to IPOs, and local and international fund management. The Investment Advisory and Research Division tracks the latest directions and trends across regional and local economies as well as equity markets and offers a range of customized services that focus on maximizing returns, mitigating risks, and maintaining capital appreciation for individual and institutional clients. The Company's Financial Services and Investment Division offers a full range of advisory services on mergers and acquisitions, underwriting, private placements, debt issuance and restructuring, and private equity management.
Assets under management: USD 7,4 billion
Interview: Kuwait Capital Market 2012: CMA, Outlook, Equities, Bonds
Videos: KAMCO: Investment Strategy for 2012; Kuwait: Capital Markets Outlook 2012; Kuwait's Capital Markets Authority: Overview and Expectations
National Investments Company
Yousef Sultan Al-Majid | Chairman
NIC's activities include fund and portfolio management, corporate finance, private equity, real estate investments and treasury services. NIC is one of the largest asset management companies in Kuwait, with a market capitalization of KD 175 million. Kuwait's NIC is a part of the Kharafi Group and owns a significant stake at Zain.
Assets under management: USD 10.24 billion.
Wafra Investment Advisory Group
Mohamad W. Khouja | Chairman
Founded in 1985, Wafra is an investment management company offering an extensive range of investment services including portfolio securities management, direct equity, real estate and other structured products management. Wafra also manages a series of alternative investment products and has a private asset management division. Wafra manages the assets of Kuwait's Public Institution for Social Security.
Assets under management: USD 10 billion.
Kuwait Financial Centre (Markaz)
Diraar Yusuf Alghanim | Chairman & Managing Director
Kuwait Financial Centre 'Markaz' was established in 1974, and has become one of the leading asset management and investment banking institutions in the Arab region. The company was listed on the Kuwait Stock Exchange (KSE) in 1997. Markaz offers full fledged services in asset management and investment banking. Asset management services offered by the company include Investment Advisory Services, GCC & International Investments and Private Equities.
Assets under management: USD 3.64 Billion.
Global Investment House
Maha K. Al-Ghunaim | Chairperson and Managing Director
Global Investment House (Global) is a Kuwaiti investment company licensed by the Central Bank of Kuwait and listed on the Kuwait, Dubai, Bahrain and London Stock Exchanges. Since its inception in 1998, Global has effectively provided investment solutions to its wide client base and played a noticeable role in the development of the regional capital markets. Global is one of the leading Asset Management, Investment Banking and Brokerage companies in the MENA region.
Assets under management: USD 5,1 Billion.
NBK Capital was established in 2005 as the investment banking arm of National Bank of Kuwait (NBK), NBK Capital delivers an array of financial solutions in four principal business disciplines Alternative Investments, Asset Management, Brokerage & Research and Investment Banking.
Assets under management: USD 10.2 billion.