Kuwaiti asset manager, Kamco Invest, has appointed Ibrahem Al Shariadah as the chief executive of its Saudi Arabia business.
Al Shariadah was previously the head of wealth management at Saudi-based Al Rajhi Capital. Prior to that, he worked at a number of Saudi asset managers including Adeem Capital and Samba Capital.
Kamco chairman Sufyan Zamil Al-Zamil said that Al Shariadah’s appointment would “further contribute towards the implementation of the group’s growth strategy”.
Kamco Invest was created from the 2019 merger of two Kuwaiti asset managers, Kamco and Global Investment House.
With around US$13 billion of assets under management, it is the fifth largest asset manager in the Mena market, according to Moody’s.
Kamco Invest Saudi manages the $685 million Kamco Saudi Equity Fund, which the firm claims is the largest fund managed by non-bank affiliated company.
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