following the huge oil prices boom the country had witnessed, the late Sheikh Ali Sabah al Salem Al-Sabah co-established Kuwait Financial Centre “Markaz” with several prominent Kuwaiti investors. Their plan was to offer innovative financial services that would facilitate Kuwait and its citizens an entry into the global markets, thus providing the very first seed that would, over the years, see Kuwait transforming to a financial hub.
Throughout the years, Markaz pioneered the development of investment tools in local and new markets, including the establishment, in 1976, of the first merchant bank in Korea in collaboration with ‘Hyundai Engineering and Construction’, the launch of its investment activity in real estate from Los Angeles, USA in 1978, and the acquisition of a significant share in Lebanon and Kuwait Bank in 1979, in addition to its contributions to several investment, industrial and real estate activities locally and internationally. When the reconstruction of the State of Kuwait began after the liberation from the Iraqi invasion, numerous promising investment opportunities appeared in the horizon.
to these opportunities, Markaz Board of Directors restructured the Company’s paid-up capital and increased it from KD 3.5 million to approximately KD 40 million. The Company was publicly listed in Kuwait Stock Market in 1997 with an ambitious plan to offer advanced financial and funding services, to promote direct and indirect investment and to establish investment and real estate funds according to the best international practices. At the end of June 2016, the company’s managed assets amounted to KD 943 million, and the Corporate Finance Department supervised the issuance of equities and bonds that mounted to USD 3.66 billion in shares.
Since its inception,
Markaz has focused on the development of its human resources as an essential element of success and growth. Markaz is also a leader in Kuwait, and one with a renowned reputation for empowering skilled and highly qualified women to key positions within the company throughout its 40 years.