Markaz Raises its Cooperation with Kuwait Red Crescent Society

Markaz Research
Markaz: Performance excellence in mutual funds and investment banking in 2018 with precautionary approach to RE to face unprecedented regional volatility
Published: 20 - Feb - 2019 Read More
Markaz Research
Razooqi: Kuwait emerges as the second largest M&A target market in the GCC
Published: 17 - Feb - 2019 Read More
Markaz Research
Markaz: GCC Sovereign and Corporate Issuances decreased by 12% in 2018
Published: 10 - Feb - 2019 Read More
View All News
Markaz Research

Markaz Raises its Cooperation with Kuwait Red Crescent Society 20 - Oct - 2015

Kuwait Financial Centre “Markaz” announced raising the level of its cooperation with Kuwait Red Crescent Society (KRCS). The cooperation focused on supporting KRCS’s efforts in alleviating the humanitarian crisis of Syrian people. To this end, Markaz launched an internal fundraising campaign among its board of directors and employees, and submitted the donations to KRCS who will deliver it to affected Syrian families.

Dr. Hilal Al-Sayer, Kuwait Red Crescent Society’s Chairman, thanked Markaz on behalf of the Society’s Board and volunteers.  He said that funds raised by Markaz would bring much needed help to those affected by the Syrian crisis, which left thousands of refugees in neighboring countries.

He added: “The Kuwaiti private sector has consistently supported humanitarian relief efforts and reacted immediately in times of disaster to extend their support. Markaz’s donation is yet another valuable contribution to alleviate the suffering of Syrian refugees. The initiative is a testimony of Markaz employees’ compassion and sense of humanitarian duty."

Dr. Al-Sayer explained that KRCS is contributing to refugees by providing them with urgent humanitarian relief supplies, meeting their needs and supporting them. He also stressed on the significant role of the State of Kuwait in leading humanitarian initiatives in the world, noting that extending a helping hand to those in distress has always been an integral value in the Kuwaiti culture.

Mr. Alrazi Al-Budaiwi, Assistant Vice President - Media and Communications at Markaz,  said: "Syrian people are living one of the most distressing humanitarian crises in modern history. Therefore, we decided to partner with KRCS as the society is well-positioned to efficiently deliver the donations of our board members and employees to Syrian refugees and distributing them to those in need.”

Al-Budaiwi added: “We are committed at Markaz to continue cooperating with Kuwaiti non-profit and humanitarian organizations such as Kuwait Red Crescent Society, which enjoys credibility and maintain a strong track-record in humanitarian work in Kuwait and around the world. We also strive to strengthen this cooperation within our corporate social responsibility strategy, which is built on three pillars: a) Human capacity building, b) Adapting our broader business environment to the best practices of investment and corporate governance, c) and introducing principles of good governance in the business environment."


Photo caption: Dr. Hilal Al-Sayer, Chairman of Kuwait Red Crescent Society,  presenting Markaz a recognition certificate on behalf of Kuwait Red Crescent Society.


About Kuwait Financial Centre “Markaz”
Established in 1974, Kuwait Financial Centre K.P.S.C “Markaz” is one of the leading asset management and investment banking institutions in the Arabian Gulf Region with total assets under management of over KD 1.10 billion as of June 30th, 2015. Markaz was listed on the Kuwait Stock Exchange (KSE) in 1997.

For further information, please contact:
Osama Al Musallam
Senior Communications Officer
Media & Communications Department
Kuwait Financial Centre S.A.K. "Markaz"
Tel: +965 2224 8000 ext 1819
Dir: +965 2224 8075
Fax: +965 2241 4499