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Markaz underscores the importance of corporate social responsibility and continues supporting humanitarian aid for refugees
Reaffirming its keenness to give back to the community, Markaz has recently participated at a roundtable discussion and event under the title “Islamic Philanthropy Humanitarian Response to Forced Displacement Crises,” organized by the United Nations High Commissioner for Refugees (UNHCR) in partnership with Zakat House, and held under the auspices and with the attendance of H.E Ambassador Hamad AlMeshan, Assistant Foreign Minister for Development and International Cooperation, in addition to the participation of renowned Kuwaiti NGOs and UNHCR supporters.
18/04/2024
Markaz hosts its annual staff Ghabga
Kuwait Financial Centre “Markaz” hosted its annual staff Ghabga at St. Regis, in line with its continued efforts to promote team building and rapport and in celebration of Ramadan and its golden jubilee since the establishment of Markaz in 1974. The event was attended by the board of directors, executive management and Markaz’s staff and their families, highlighting the key milestones and values of Markaz that marks its position as a pioneer in the investment sector. The Ghabga featured several celebratory segments, starting with a series of speeches by the chairman and the executive management, in addition to engaging competitions amidst live oriental music performance and celebrations.
08/04/2024
Markaz: Geopolitical uncertainty impacts GCC markets' performance
Markaz released its Monthly Market Review report for the month of March 2024. Kuwait equity markets ended negative during the month as major blue-chip stocks witnessed selling pressure owing to potential profit-booking by investors. Geopolitical uncertainty influenced market sentiment during this period, thus reducing the volume of purchases.
03/04/2024
Markaz Wins Two Accolades from EMEA Finance Middle East Banking Awards 2023
Reinforcing its position as a leading investment banking and asset management company, Kuwait Financial Centre 'Markaz' was honoured with two prestigious awards at the EMEA Finance Middle East Banking Awards 2023, which were recently held in Dubai, UAE. During the event, Markaz was recognized with the 'Best Asset Manager’ Award and the 'Best Local Investment Bank’ Award. With this, the organization has added more than 80 laurels under its belt in the past decade, further solidifying its reputation for excellence.
27/03/2024
Markaz: 2023 marks a year of driving growth strategies by focusing on launching new products, enhancing wealth management distribution, and continuously improving operational processes
Markaz held its ordinary General Assembly meeting on Tuesday, 19 March 2024, with a (75%) attendance. The assembly approved all items of the agenda, including the Board of Directors’ recommendation to distribute cash dividends of 6% per nominal value of the share or 6 fils per share.
19/03/2024
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