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Some of the participants pose for a photo.
KAMCO conducts training course for execs Focus on business valuation, creation of shareholder value

KUWAIT CITY, June 15: KAMCO — KIPCO Asset Management Company — organized a training course for members of its executive management under the title of ‘Finance for Non Finance Professionals’. The course focused on fundamentals of business valuation and the creation of shareholder value. It also presented the basics of accounting, financial reporting, financial analysis and investment decision making, cash management and planning for value growth to non-finance executives. The training course was conducted in cooperation with Global Consultants for Business Advisory Services & Training, and included attendees from KAMCO, Kuwait Projects Company Holding (KIPCO) and Overland Real Estate Company.

Evaluating the meaning of income statements and balance sheets, employing cash flow analysis to asses business status, calculating the cost of business activities, and controlling business operations through effective budget management were also main topics of discussion at the course. Chief Resources Officer at KAMCO, Mohammed Al Hubail said, “In light of the ongoing competition in the market today, it is vital for all executive members in every company to retain a financial background in spite of their departmental environment in the organization. Acknowledging the fundamentals of finance will always serve as an added value nowadays.”

Moreover, Al Hubail emphasized that learning how to read and analyze financial reports, income statements and balance sheets will massively assist in coming up with the right decisions and forecasts within the company, namely, by employees who do not have a financial background.“Conducting this training course for KAMCO and its sister companies comes in line with the company’s strategy of keeping up with the latest human resource development methods to preserve a strong and productive workforce. This in turn, positions KAMCO as one of the leading investment banking institutions locally, through our clients’ trust in us.’

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