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Wednesday , September 30 2020

KAMCO wins Global Management Challenge in Kuwait

The victorious KAMCO team

KUWAIT CITY, April 10: KAMCO Investment Company, a leading investment company with one of the largest AUMs in the region, announced that a dedicated team of five KAMCO employees won the national round of the Global Management Challenge and have been chosen to represent Kuwait on an international scale, advancing to the final round to be held in Qatar in April.

The finals will be hosted under the patronage of Qatar’s Minister of Finance HE Ali Sharif Al Emadi, and the awards ceremony will be held under the auspices of Sheikh Fahad Faisal Al Thani, Deputy Governor of Qatar Central Bank. Commenting on behalf of KAMCO, Farouq Al-Oumi, Chief Resource Officer, said, “KAMCO has established itself as an institution with a fundamental responsibility towards investing in its employees with a goal to tap into their talents and develop their skills. We are extremely proud that our team have won the national round and are advancing to the global level of this prominent global competition, which reflects the expansive talent-base that KAMCO and this country enjoys. We are pleased that our employees will represent KAMCO and Kuwait, and we hope to return with the Global Champions title.”

KAMCO’s team included a blend of employees from various departments. The winning team, consisting of Faisal Al-Salem, Rania Shaker, Abdulaziz Al-Muhanna, Abdullah Al-Ahmad and Shaikha Al-Ameer, competed against 24 teams from reputable banks and financial institutions, universities, and other organizations around Kuwait. The team transitioned from the first to the second rounds until finally winning the title of “Global Management Challenge National Champions — Kuwait 2016 Edition”. KAMCO team will now compete against participants from around the world for the “Global Management Challenge Champions 2016” title.

The Global Management Challenge, established in 1980, is the largest simulated strategic management competition of its kind. The challenge brings together competitors from across five continents through a virtually simulated platform. Each participating team gets a chance to see their decision-making process take effect on their virtual companies through the simulated stock exchange with the objective of getting the highest share price on the simulated stock exchange. ADNAR Group is the exclusive organizer of the Global Management Challenge in the GCC.

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