The M&A Group has concluded a number of high profile deals, including three sales and three purchase deals totaling $ 336 million.
Kamco Invest has announced the success of the Investment Banking Group in managing and executing 22 transactions in 2021 worth $ 4.8 billion across three business sectors, including “stock” and “debt” capital markets and mergers and acquisitions.
The company said 2021 was marked by the success of the Investment Banking Group in entering new markets including Saudi Arabia, Oman Sultanate, Jordan and Bahrain, in addition to existing operations in Kuwait, Egypt and the country. United Arab Emirates.
Equity Capital Markets Group concluded six deals worth $ 801 million, including the successful placement of a company listed in Boursa Kuwait in the logistics sector, with the successful exit of a company listed on Boursa Kuwait. Owned by a customer, it represents about 26.2% of the share capital. The company’s capital is in addition to subscriptions to increase the capital of the four companies listed on the Kuwait Stock Exchange.
In addition, the group created the online subscription site “Iktib”, which has been used successfully to conduct the first private reservation in Kuwait entirely on an online subscription basis.
The M&A Group concluded several high profile deals this year, including three sales and three buy deals totaling $ 336 million.
The group has acted as an exclusive sales consultant for the sale of 60 per cent stake in a company in the pharmaceutical sector in the United Arab Emirates, as well as two other sales transactions in the United States and Egypt.
The group also managed to acquire a minority stake in the capital of a company listed on the Kuwait Stock Exchange and the role of an exclusive acquisition consultant for the acquisition of two insurance companies in Kuwait and Jordan for the benefit of the Kuwait Insurance Group.
2021 is another record year for providing credit consulting services worth $ 330 million to credit capital markets and executing ten deals worth $ 3.7 billion, including managing nine bonds and Sukuk issues in Kuwait, Saudi Arabia, Oman and Bahrain.
Of these, six were issued in US dollars and three in Kuwaiti dinars with a total value of $ 3.4 billion. Among the notable deals of 2021 was pioneering in setting up an innovative credit instrument in the local market, managing the first issuance of permanent and support securities in Kuwaiti dinars and managing the first bonds in the local insurance industry, a record in Kuwait. Market.
Abdullah Al-Sharak, Head of Banking Markets and Investment, said: “2021 has been a busy and glorious year for banking investment in its various sectors, which has seen record growth in the number or value of contracts concluded.”
Al-Sharak added, “We are proud of the achievements we have made over the years and maintain our position as a key and essential player in the local and regional markets, providing strategic and structural consulting services and implementing key agreements that add value to customers and the market.”
He added: “We expect companies in the Mena region to continue to engage in lending and capital market deals this year, but perhaps at a slower pace, and this activity will be driven mainly by companies that want to finance their expansion. Low interest rates and a positive outlook. Capital markets, and more We expect many M&A deals in the region, and the demand for mineral growth and enhanced competitiveness is high.
With 22 transactions completed in 2021, Comco Invest is consolidating a record record of over $ 29.2 billion in investment banking deals since its inception in the investment markets, credit markets and mergers and acquisitions.
Moreover, Comco Invest’s role in deals in new regional markets has cemented its position as one of the region’s leading investment banks.
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