Kuwaiti asset manager Kamco Invest announced the launch of iktatib.com, a new web-based subscription platform conveniently connecting investors with the latest equity offerings and debt issuances managed by Kamco Invest.
iktatib.com will provide registered investors access to subscriptions they are eligible to participate in. It will list initial public offerings, rights issues, bond and sukuk offerings, as well as other investment opportunities managed by Investment Banking at Kamco Invest.
This platform utilizes technology to improve the investment experience and increases chances of success by reducing the burden on investors as it is a fully digital subscription process without the need to appear in person and sign physical documents.
This also comes as part of the digitization process for Kamco Invest and its plan to have a leading role in providing digital investment services and solutions to its clients.
The first transaction to appear on the platform was the capital increase of Gulf Insurance Group. The launch has been precipitated by the recent upgrade of the Kuwaiti market to emerging market status by international index providers, a move that it is likely to increase international investment into the country.
Abdullah AlSharekh, managing director of markets and investment banking at Kamco Invest, said the platform will serve as “a gateway to connect investors with opportunities managed by Kamco Invest” and will “streamline and automate the subscription process for a range of capital market products”.
Source Funds Global MENA