A Kuwait-based management advisory and consulting firm is targeting human capital and organizational change as the key issues to make regional firms more profit-focused and employee-friendly.
A joint venture between KIPCO Asset Management Company (KAMCO), Al Zumorrodah Investments for Asset Management (Z-Invest) and Ms. Safa Al Hashem, Advantage Consulting Company (ACC) already includes Kuwait Projects Company (KIPCO) subsidiaries among its clientele.
"ACC is a spin-off of the consulting department at KAMCO which was founded in 2000 to assist KIPCO group companies more effectively streamline their businesses and gain greater value from their products and services," said Safa Al Hashem, ACC’s chairman and managing director.
“Middle market companies seeking to expand regionally and extend their product ranges will benefit from the expertise and experience that ACC has developed from advising companies within the KIPCO group.”
The consultancy’s capabilities include a broad range of services including organizational development, human asset management solutions, financial management, business processes manuals, feasibility study reports and executive search and selection.
“KAMCO is proud to be one of the investor's involved in ACC. The launch of ACC means that medium sized businesses across the MENA region can now benefit from a rich portfolio of domain expertise - including methodology, solutions and best practices – to develop strong, integrated, profit-focused and employee-friendly business models," said Masaud Jawhar Hayat, Chairman, KAMCO.
Kuwaiti management consultancy tackles human capital/2…
The firm is targeting regional expansion and ACC chairman Safa Al-Hashem said: “We offer several services to our clients including designing functional organizational structures with communication lines, corporate governance guidelines, setting up of corporate strategies, job evaluations, and job grading matrixes.
“By employing a unique hands-on approach, we work closely with our clients to improve performance, identify and resolve problems, and enhance value for stakeholders. Our outstanding track record of delivering measurable performance improvement initiatives for our clients, our in-depth industry knowledge and flexibility of our services is our distinct identity in the market.”
KAMCO, a subsidiary of KIPCO’s investment banking subsidiary United Gulf Bank (UGB), has assets of almost US$ 6.0 billion under management or control, and more than 120 employees throughout its operations. It has arranged successful private placement and KSE listing of five companies during the last two years.
KIPCO is Kuwait’s largest private sector company with more than US$ 15 billion of Group assets and a portfolio of some 55 companies with major activities in financial services and media and telecommunications, as well as real estate, industry and management and advisory throughout the Middle East and North Africa, and substantial ownership interests in the U.S and Europe. KIPCO employs more than 12,000 people internationally and its shares are among the most actively traded on the Kuwait Stock Exchange.
