Capital Intelligence maintains investment grade rating for Kamco Invest with stable outlook
Capital Intelligence indicated that earnings performance in 2022, considering the net profits and Return on Average Assets, was better than in pre-Covid 2019. Performance in GCC equity markets so far in 2023 has been lackluster and this may weigh on performance at Kamco Invest. However, absent a significant market correction, a reasonable level of profitability should be achieved.