05 - Jan - 2021
Kuwait Financial Centre “Markaz” stated in its 2020 Markets Review Report that GCC equity markets staged a strong recovery towards year year-end after pharmaceutical firms Pfizer, Moderna and AstraZeneca, announced the deployment of their respective COVID-19 vaccines. The vaccines were approved and purchased by several governments; including many GCC countries. These developments raised investors’ hopes of an eminent recovery in global economic growth in 2021 and helped GCC stock markets recover their losses....
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28 - Dec - 2020
Kuwait Financial Centre “Markaz” was recently recognized among the leading investment and asset management institutions across the region with three awards from the EMEA Finance magazine’s ‘Middle East Banking Awards 2020’. Reinforcing its market leadership, Markaz was named the ‘Best Asset Manager in Kuwait’ and the ‘Best Local Investment Bank’ for the eighth consecutive year. The company also won the ‘Corporate Social Responsibility Award – Middle East’ from the prestigious regional awards. ...
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21 - Dec - 2020
Kuwait Financial Centre K.P.S.C. “Markaz” announced the successful close of its KD 35 million 5-year bond issue through private placement. The bonds, which were issued on 20 December 2020 and were oversubscribed affirming investors’ trust in Markaz, are equally allotted between fixed rate and floating rate tranches. The fixed-rate tranche has a coupon of 4.75% per annum payable quarterly, while the floating-rate tranche offers a coupon of 3.00% above the Central Bank of Kuwait discount rate, capped at 5.50% per annum and payable quarterly. Gulf Bank, Ahli Capital Investment Company and Markaz were the joint lead managers and subscription agents. The subscription period for the issuance lasted from 24 November to 10 December, 2020....
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13 - Dec - 2020
Kuwait Financial Centre “Markaz” participated in the ‘Kuwait Investment Outreach’ webinar, themed ‘Investing in Kuwait – Capitalizing on Transformation’, as a Supporting Partner. The webinar, which was held on 9 December, was organized by the Kuwait Direct Investment Promotion Authority (KDIPA), in collaboration with The Financial Times and FDI Magazine, and is the third in a series of digital dialogues held in London and Silicon Valley. Markaz’s support for this webinar is in line with its Corporate Social Responsibility (CSR) strategy, and its strong belief in the importance of the role played by the private and public sectors in developing an attractive investment environment that will elevate the performance of the private sector specifically, and the nation’s economy as a whole. ...
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03 - Dec - 2020
Kuwait Financial Centre “Markaz” recently released its Monthly Markets Review report for the month of November 2020. The report stated that all GCC equity markets ended the month positively as oil prices jumped by 27% for the month after pharmaceutical firms Pfizer, Moderna and AstraZeneca announced the eminent release and availability of COVID-19 vaccine, which rose investor’s hopes for a quick recovery of the global economic....
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