Kuwait’s KAMCO to launch investment banking operations in Egypt early next year

Kuwait’s KAMCO Investment Company expects to begin operating as a licensed investment bank in Egypt early next year after obtaining the necessary licenses from the Financial Regulatory Authority (FRA) by year’s end, Managing Director and Head of Mergers and Acquisitions Sherif Abdel Aal told Al Mal. The new investment bank will focus in its early stages on securing IPO mandates, he said, adding that the firm will likely hire foreign managers to head its Egypt operations. Zaki Hashem & Partners acted as legal adviser for KAMCO in Egypt.