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Markaz Sponsors the Kuwait Investment Outreach Event in London
“Markaz” was the Gold Sponsor of the recent Kuwait Investment Outreach Event held in London, UK, on March 5th, 2024. Organized by the Kuwait Direct Investment Promotion Authority (KDIPA) in collaboration with The Ministry of Foreign Affairs and The Business Year, the event celebrated 125 years of strong bilateral relations between Kuwait and the United Kingdom. It also highlighted the significant economic ties between the two countries, as evidenced by trade nearly doubling in volume in 2023.
14/03/2024
Markaz: Kuwait market sustain positive momentum driven by robust corporate earnings
Markaz released its Monthly Market Review report for the month of February 2024. Kuwait market ended positive during the month as the pickup in the pace of legislative reforms, continued expansion of non-oil activity and robust corporate earnings of major blue-chip stocks supported investor sentiment.
03/03/2024
Markaz a gold sponsor for the Career Opportunities Fair at the College of Administrative Sciences in Kuwait University
Underscoring the importance of empowering Kuwaiti youth and continuing its efforts to support recent graduates, the Markaz announced its gold sponsorship for the freshman and the Career Opportunities Fair organized by the Student Association of the College of Administrative Sciences at Kuwait University, held from February 11-15, 2024.
22/02/2024
Marmore: Private credit is seeing increasing investor interest
Marmore MENA Intelligence, a subsidiary of Kuwait Financial Centre “Markaz” released its research report on private credit, an emerging asset class that has entered the radar of many investors given its strong past performance and attractive estimated returns. The report seeks to unwrap the basics of private credit, addressing key questions such as reasons for investor interest, private credit vs private equity, role of private credit in one’s portfolio etc. It also discusses the performance of the asset class, major players, institutional interest, key risks and regulatory environment.
19/02/2024
Markaz records Total Revenue of KD 26.32 million in 2023, an increase of 40.0% y-o-y
Kuwait Financial Centre “Markaz” (KSE: Markaz, Reuters: MARKZ.KW, Bloomberg: MARKAZ: KK) reported its financial results for 2023 with a Total Revenue of KD 26.32 million, as compared to KD 18.80 million in 2022, led by gain from the sale of international and GCC real estate investments. Net Profit attributable to shareholders was KD 4.15 million, compared to KD 2.86 million in 2022 and Earnings Per Share was 8 Fils for the year ended 31 December 2023.
18/02/2024
Markaz participates in PwC’s annual seminar on Kuwait taxation
Kuwait Financial Centre “Markaz” affirmed its commitment to staying abreast of the latest developments and trends in the industry and creating awareness of changes in industry standards, regulations, and requirements across local, regional, and global markets. This was reflected in the participation of Mr. Ali H. Khalil, Markaz’s CEO, at the ‘Kuwait Annual Tax and Legal Seminar’ organized by PwC, along with the presence of government officials, prominent tax experts, and business leaders from various sectors across the country.
14/02/2024
Markaz’s Real Estate Reports Predict Robust Sector Growth in Key GCC Markets for H1 2024
In line with its commitment to empowering investors with the latest and most reliable information on market trends and opportunities, Kuwait Financial Centre “Markaz” published a series of reports on the real estate markets in Kuwait, Saudi Arabia, and the UAE recently.
11/02/2024
Markaz: Kuwait Market off to a good start in 2024 with Kuwait All Share index increasing by 6.6% in January
Kuwait Financial Centre “Markaz” released its Monthly Market Review report for the month of January 2024. Kuwait equity index recorded a positive start to the year and was the top gainer among GCC markets in January 2024. GCC equity indices were mixed during the month as the possibility of early rate cuts by the U.S. Fed reduced due to strong Q4 2023 real-GDP growth in the U.S.
04/02/2024
Markaz Report: GCC Fixed Income markets see 20.3% year-on year growth in primary issuances during 2023 with total issuance of USD 95.3 billion*
In its Fixed Income Report, Kuwait Financial Centre “Markaz” states that Primary debt issuances of Bonds and Sukuk in the Gulf Cooperation Council (“GCC”) Countries amounted to USD 95.3 billion during the year 2023 compared to USD 79.2 billion raised in 2022, marking a year-on-year growth of 20.3%. During the year 2023, there were 224 primary debt issuances including fixed and floating rate tranches compared to 201 issuances in 2022.
01/02/2024
GCC IPOs raise USD 10.1 billion during FY 2023, a decline of 55% YOY
Kuwait Financial Centre “Markaz” released its research report titled “Initial Public Offerings (IPO) in the GCC markets”. During the year of 2023, Initial Public Offerings (IPO) in the Gulf Cooperation Council Countries (“GCC”) raised total proceeds of USD 10.1 billion through 45 offerings, marking a year-on-year decline of 55% by value compared to the previous year, where issuers raised USD 22.7 billion through 46 offerings.
17/01/2024