Camco Invest Board of Directors recommends changing the company name to "Burqan Capital Investment Company"

The board of directors of Kamco Invest has recommended to the general assembly that the company’s name be changed from “Kamco Investment Company” to “Burqan Capital Investment Company,” subject to approval by the general assembly and the completion of the necessary regulatory and legal procedures.

The proposed name change follows Bank Burqan’s indirect acquisition of a majority stake in Kamco Invest through United Gulf Bank, marking a strategic milestone in the ongoing evolution of the relationship between the two entities. It also reflects the natural progression of the cooperation that has grown over the past years, as Kamco Invest and Bank Burqan have worked to enhance synergies and offer more integrated banking and investment products and services to their respective customer bases.

The proposed name change will not affect the company’s established governance structure or its commitments to its shareholders. Upon completion of the name change, the company will continue to operate as an administratively independent entity listed on the Kuwait Stock Exchange, under the supervision of its own board of directors and management team. The board and executive management remain committed to protecting the rights and interests of all shareholders, including minority shareholders, and ensuring that the company continues to conduct its business in accordance with applicable regulatory frameworks and corporate governance standards.