CAMCO Invest Renamed to Burqan Capital for Investment

KAMCO Invest announced that its general assembly, held today, approved all agenda items, including amendments to the company’s articles of association to change its name from KAMCO Invest to Burqan Capital Invest, as well as the necessary modifications related to the company’s activity coding, in compliance with applicable regulatory requirements.

The new identity reflects the evolution of the relationship between Burqan Bank and KAMCO Invest, and 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. Burqan 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 Burqan 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 move will further support collaboration with Burqan 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.

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

Al-Ali 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 defined the company’s approach throughout its history.”

For his part, Faisal Mansour Sarrouh, 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 Burqan 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 leverage these synergies under a unified identity.”

Sarrouh continued, “Our clients remain at the heart of our focus, as we continue to commit to delivering greater added value, expanding available opportunities, and facilitating access to our solutions. Burqan Capital will launch from the strength of our current investment platform, leveraging 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.”