KIPCO Investors Approve Name Change to 'Burqan Capital for Investment'

Kuwait Investment Management Company (KAMCO Invest), a leading regional non-banking financial institution that manages one of the largest asset portfolios in the region, announced that its general assembly meeting held yesterday approved all agenda items. The approval included amendments to the company’s articles of association to change its name from “KAMCO Invest Company” to “Buran Capital Invest Company,” as well as necessary modifications to the company’s activity coding to comply with applicable regulatory requirements.

The adoption of the name change marks a significant milestone in the company’s ongoing journey and the evolution of its relationship with Buran Bank. Upon completion of the requisite regulatory and legal procedures and related documentation, the company will launch its new identity, “Buran Capital.”

The new identity reflects the evolution of the relationship between Buran Bank and KAMCO Invest, as well as the opportunities created by strengthening the integration of banking and investment expertise. It also provides a unified platform to build on the company’s established capabilities, enhance synergies, and continue developing the solutions and services offered to clients.

The name change will have no impact on the company’s existing governance structure, management, ownership structure, or independent business model. Buran Capital will continue to operate as an independent, independently managed company listed on the Kuwait Stock Exchange, with its own board of directors and management team, while maintaining its commitment to the rights and interests of all shareholders, including minority shareholders, within the applicable regulatory and governance framework.

The transition to Buran Capital will build on the company’s established investment platform and its strong track record in wealth management, asset management, banking investment services, and financial brokerage. This step will also support further collaboration with Buran Bank in areas of integrated capabilities, distribution channels, and client relationships, aiming to deliver a more integrated client experience and expand access to investment and financial solutions.

Commenting on the occasion, Sheikh Talal Ali Abdullah Al-Jaber Al-Sabah, Chairman of the Board, said: “The adoption of the company’s name change represents an important milestone in our continuous journey and ongoing development. The transition to ‘Buran Capital’ reflects the progress achieved through our relationship with Buran Bank and provides a strong platform for the next phase of our development, while simultaneously preserving the company’s robust governance structure and independent business model.”

He added: “We remain committed to protecting the rights and interests of all shareholders and upholding the highest standards of transparency, accountability, and corporate governance, which have consistently defined our approach throughout our history.”

For his part, Faisal Sarakhou, Chief Executive Officer, stated: “The adoption of the new name marks the beginning of a new phase in our journey and brings us closer to launching ‘Buran Capital.’ Over the past years, we have made tangible progress in strengthening the integration of banking and investment expertise, and this step will allow us to build on these synergies under a unified identity.”

He added: “Our clients remain at the core of our focus, as we continue to commit to delivering greater added value, expanding available opportunities, and facilitating access to our solutions. ‘Buran Capital’ will leverage the strength of our current investment platform, along with our established capabilities, expertise, and relationships, enabling us to continue developing and expanding our solutions, enhancing their accessibility, and delivering greater value to our clients and shareholders.”