08 - Mar - 2020
Kuwait Financial Centre “Markaz” recently issued a report titled “Solar Power Economic Cost- a warning alarm for oil-based economies”, following the agreement Qatar signed with the Marubeni and Total alliance in January 2020, to build a solar plant at a cost of 1.74 cents/ Kwh (5.3 fils/Kwh), prior to which Acwa power, a Saudi based company, won a bid of 1.69 cents/KWh (5.2 fils/KWh) for the development of Dubai’s new solar park. These two major projects break new grounds going forward in terms of declining prices for renewable energy and pose a risk for oil-based economies, in terms of their sustainability, and hence should be rigorously thought through. ...
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03 - Mar - 2020
Kuwait Financial Centre “Markaz” recently released its Monthly Markets Review report for the month of February 2020. Markaz report stated that Kuwait and other GCC markets were affected by jittery investor sentiments surrounding the spread of Novel Coronavirus despite posting strong corporate earnings for the full year 2019....
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01 - Mar - 2020
Underlining its continuing commitment to seeking innovative ways to add value to its customers, Kuwait Financial Centre “Markaz” today announced the launch of the first personalized investment app in Kuwait, iMarkaz. Offering a new level of user experience to prospective clients, the interactive digital platform provides initial investment advice tailor-made to their investment needs and goals. ...
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23 - Feb - 2020
Saudi’s material sector leads the top GCC M&A transactions during Q4 2019 as per a report recently issued by the Investment Banking Department at Kuwait Financial Centre “Markaz”. The Saudi Arabian Fertilizers Company (“SAFCO”) closed the largest deal throughout the quarter through its acquisition of a fellow materials company, SABIC Agri-Nutrients Investment Company. SAFCO acquired 100% of the firm’s share capital for a total consideration of $1.2 billion. ...
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18 - Feb - 2020
National Industries Group Holding K.P.S.C. “NIGH”, as the Issuer, and Kuwait Financial Centre “Markaz”, Ahli Capital Investment Company “Ahli Capital” - a subsidiary of Al Ahli Bank of Kuwait (ABK), and Gulf Bank, serving as the Joint Lead Managers, announced in a joint statement the success of completing the KD-issuance of the National Industries Group Holding Bonds with a nominal value of 30 million Kuwaiti Dinars for a five-year term, which was fully subscribed. The issuance reflects the investors’ trust in the quality of the issue, the high creditworthiness of the National Industries Group, and the effectiveness of the joint distribution of all of Markaz, Ahli Capital and Gulf Bank – the Joint Lead Managers. ...
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