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Markaz Research
Markaz: GCC Equities continue their gains led by Saudi Arabia and Abu Dhabi
Published: 05 - Apr - 2021 Read More
Markaz Research
Khalil: Economy diversification requires a holistic policy and non-banks can bridge the gap in risk-taking
Published: 03 - Apr - 2021 Read More
Markaz Research
Alghanim: Unwavering support of executive management, employees and stakeholders steers Markaz through turbulent 2020
Published: 22 - Mar - 2021 Read More
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Markaz Research

Markaz: GCC Equities continue their gains led by Saudi Arabia and Abu Dhabi

05 - Apr - 2021

Kuwait Financial Centre “Markaz” recently released its Monthly Markets Review report for the month of March 2021. Markaz report noted that Kuwait equity markets were positive for the month. Kuwait’s cabinet has approved a bill to support extension of credit by local banks to customers affected by COVID-19. All Share index increased by 2.2%. Market liquidity in March, as indicated by the average daily traded value, stood at USD 136million, a decrease of 11% compared to the earlier month....

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Markaz Research

Khalil: Economy diversification requires a holistic policy and non-banks can bridge the gap in risk-taking

03 - Apr - 2021

Mr. Ali H. Khalil, CEO of Kuwait Financial Centre “Markaz”, participated as a speaker at the ‘Kuwait Banking and Finance’ virtual roundtable, organized by the Global Finance magazine on Tuesday, 23 March 2021. The roundtable gathered several prominent speakers and experts from the banking sector including Dr. Mohammad Y. Al-Hashel, the governor of the Central Bank of Kuwait and leading Kuwait banks’ Chief Executive Officers to discuss the impact of the pandemic on Kuwait’s economy, the transformation of digital banking services, and the country’s economic development plan. Markaz participated as the only non-banking financial institution in the roundtable....

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Markaz Research

Alghanim: Unwavering support of executive management, employees and stakeholders steers Markaz through turbulent 2020

22 - Mar - 2021

Kuwait Financial Center "Markaz" held its ordinary Annual General Assembly Meeting for the year 2020 on 22 March 2021, with an attendance rate of (72.75%). The Assembly approved the Board of Directors’ recommendation not to distribute dividends for shareholders and Board members’ remuneration for the year ending on December 31, 2020, and to continue to monitor the impact of the pandemic on the business in the medium term. ...

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Markaz Research

Markaz: SIG Combibloc leads top GCC M&A transactions in Q4 2020 with the acquisition of a majority stake in its joint venture

09 - Mar - 2021

SIG Combibloc claimed the top spot among GCC mergers and acquisitions (M&A) transactions during Q4 2020 as per a report recently issued by the Investment Banking Department at Kuwait Financial Centre “Markaz”. The report highlights the USD 571.0 million transaction through which the Swiss packaging company will acquire a 50% stake in SIG Combibloc Obeikan, a joint venture it established alongside Obeikan Investment Group. Upon the successful closing of the transaction, SIG Combibloc will retain full ownership of the venture....

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Markaz Research

Markaz: Saudi Arabia leads GCC equities; oil registers strong gains

03 - Mar - 2021

Kuwait Financial Centre’s “Markaz” Monthly Markets Review report noted that the GCC equity market’s performance was positive for February 2021 as the S&P GCC Composite index continued its upward trend, ending the month 3.0% higher. However,  Kuwait's equity market was negative for the month. Fitch Ratings has revised Kuwait’s outlook to negative citing near-term liquidity risk due to the possible depletion of General Reserve Fund owing to a delay in the passage of public debt law. Meanwhile, the government has submitted a draft law to the parliament for permission to draw KD 5 billion (USD 16.5 billion) per annum from Kuwait’s sovereign wealth fund to finance deficit. All Share index declined by 2.3% while its index PE ratio stood at 21.8, a premium of 48% compared to the S&P GCC index. Market liquidity in February as indicated by the average daily traded value stood at USD 145 million. ...

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