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Markaz Report: GCC Fixed Income markets sees USD 37.7 billion in primary issuances during Q1 2024 representing a 33% increase from the same period last year.

In its Fixed Income Report, Markaz states that Primary debt issuances of Bonds and Sukuk in the Gulf Cooperation Council (“GCC”) Countries amounted to USD 37.7 billion during Q1 2024 compared to USD 28.4 billion raised in Q1 2023, representing a 33% increase. During the quarter, there were 77 primary debt issuances including fixed and floating rate tranches compared to 68 issuances in Q1 2023.


Markaz hosted 'Lead with Influence' session with best-selling leadership author Abdulaziz Al-Roomi

In line with its people-based culture and commitment to cultivating leaders throughout the organization, Kuwait Financial Centre ‘Markaz’, hosted an inspiring session for its employees, entitled ‘Lead with Influence’, presented by the acclaimed leadership author and coach, Mr. Abdulaziz Al-Roomi.


GCC IPOs raise USD 931 million in Q1 2024

Markaz released its research report titled “Initial Public Offerings (IPO) in the GCC markets”, stating that the region has raised total proceeds of USD 931 million through 9 offerings during the first three months of 2024, marking a year-on-year decline in value by 73% compared to the first quarter of 2023, where issuers raised USD 3.5 billion through 12 offerings.


Markaz records Total Revenues for Q1 2024 of KD 6.06 million

Markaz (KSE: Markaz, Reuters: MARKZ.KW, Bloomberg: MARKAZ: KK) reported its financial results for the quarter ended 31 March 2024 with Total Revenues of KD 6.06 million, as compared to KD 1.19 million in Q1 2023. Net Profit attributable to shareholders of Markaz was KD 2.77 million for Q1 2024, compared to Net loss of KD 3.18 million in the same period last year.



“Diwan” Bulletin

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