Markaz expands services with the launch of Margin Trading
Kuwait Financial Centre “Markaz” announced the launch of its newest service, Margin Trading, a service offered to clients who seek to optimize their returns through leverage. The launch of this new service falls in line with the company’s continuous commitment to offering new services and products to its clients, while contributing to the enrichment of the Kuwait stock market. Furthermore, the tool is a culmination of a series of developments initiated by Markaz. This builds on Markaz’s successful track record and leadership in the financial services sector, the long years of experience in the Kuwaiti market, and its deep knowledge of the markets.
Markaz: CPDQ reigns the top GCC M&A transactions for H1 2022 with the acquisition of a minority stake in DP World’s flagship assets
Caisse de dépôt et placement du Québec (CPDQ) leads the top GCC M&A transactions during H1 2022 as per a report recently issued by the Investment Banking Department at Kuwait Financial Centre “Markaz”. The report highlights the USD 5.0 billion transaction that was announced by the Canadian company whereby it intends to acquire a 22% stake in DP World’s flagship assets. These assets include Jebel Ali Port, Jebel Ali Free Zone and National Industries Park.
National Industries Group Holding Successfully Completes KD 40 Million Bond Issuance with Joint Lead Managers Markaz and Gulf Bank
With National Industries Group Holding K.P.S.C. (“NIGH” or the “Group”) as the Issuer, and Kuwait Financial Centre “Markaz” and Gulf Bank serving as the Joint Lead Managers, the three parties announced in a joint statement the success of the KWD bond issuance for the National Industries Group Holding with a nominal value of 40 million Kuwaiti Dinars for a five-year term. The latest bond issuance demonstrates investors’ trust in the quality of the offer and the high creditworthiness of National Industries Group Holding, as well as the effectiveness of distribution by Markaz and Gulf Bank as the lead managers. Furthermore, the issuance marks the first Kuwaiti Dinar-denominated bond issuance so far in Kuwait in 2022.
Markaz: Rezoning, land reforms, new mortgage law and engaging private sector are among the key solutions for the housing crisis in Kuwait
Kuwait Financial Centre “Markaz” released a new report, through its research arm (Marmore), on various challenges facing Kuwait’s residential real estate sector that stem from a long-standing housing crisis. Titled ‘Housing Problem in Kuwait and the Way Forward’, the report also includes recommendations to solve the widening supply-demand gap in the state housing program and address the growing demand for housing mainly driven by a youthful demographic and fast-paced urbanization in the country.