KAMCO Investment Company K.S.C. (Public) (KAMCO)
Consolidated Subsidiary based in Kuwait

Established in 1998, KAMCO is a leading asset management and financial institution, with one of the largest private sector assets under management (AUM) in the MENA region. Its three principal business lines are asset management, financial services, and investment advisory research services, which are offered to a diverse local, regional and international client base. At the end of 2023, assets under management totaled US$ 13.9 billion. UGB owns 60 percent of KAMCO, which is listed on the Kuwait Stock Exchange.

Real Estate
Manafae Holding Company K.S.C. (c). (Manafae)
Consolidated Subsidiary based in Kuwait
Manafae is an investment holding company, which has ownership in real estate projects based in Bahrain. UGB owns ~59 percent of Manafae on a consolidated basis. The company is unlisted and based in Kuwait.