Markaz achieves net profit of 13 fils EPS for three quarters

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Markaz achieves net profit of 13 fils EPS for three quarters 12 - Nov - 2014

Kuwait Financial Centre “Markaz” [KSE: Markaz, Reuters: MARKZ.KW, Bloomberg: MARKAZ: KK] announced a net profit attributable to shareholders of KD 6.31 million (EPS 13 Fils per share) for the nine months ending 30th September 2014, as compared with a net profit of 5.81 million (EPS 12 Fils per share) during the same period in 2013. Markaz’s total assets under management (AUM) reached KD 1,12 million as of Sept 30th, 2014;  an increase of over 11% compared to Sept 30, 2013.

Markaz was recently awarded “Best Asset Manager in Kuwait” award by Global Investor Magazine; it is the fifth consecutive year Markaz wins this award. Markaz also won   Euromoney’s “Best Investment Bank in Kuwait” prize for the second consecutive year in 2014.

About Kuwait Financial Centre “Markaz”
Kuwait Financial Centre K.P.S.C “Markaz”, established in 1974, is one of the leading asset management and investment banking institutions in the Arabian Gulf Region with total assets under management (AUM) of over KD 1.12 billion as of Sep 30th, 2014 (USD 3.89 billion). Markaz was listed on the Kuwait Stock Exchange (KSE) in 1997.