Displaying all news

Markaz Honours Grand Prix of Kuwait 2021 Winner of 2nd Round Yousef Al-Abdulrazzaq

Kuwait Financial Centre “Markaz” honoured Yousef Al-Abdulrazzaq in celebration of his outstanding performance in the 2021 Aquabike World Championship Grand Prix of Kuwait. Mr. Abdullatif W. Al-Nusif, Managing Director, Wealth Management & Business Development at Markaz, presented an honouring trophy to the Kuwaiti jet ski champion in appreciation of his accomplishment. Markaz supported Al-Abdulrazzaq’s participation in the championship as the ‘Gold Sponsor’ in furtherance of its commitment to developing and promoting local talent and supporting sports and healthy lifestyles.

28/11/2021

Markaz organizes training session with Dawn Metcalfe on the role of effective communication in high-performance workplaces

Kuwait Financial Centre “Markaz” announced that it recently organized a masterclass featuring internationally renowned workplace culture advisor, author and speaker Ms. Dawn Metcalfe. The masterclass, which was entitled “Effective Communication in High-Performing Teams” and held at Chairman’s Club, Kuwait City, on 17 November, came as part of Markaz’s ongoing efforts to create and sustain an organizational culture that thrives on open and candid communication and enables employees to reach their full potential.

22/11/2021

Markaz report signals sustained robust recovery for UAE’s real estate sector

Kuwait Financial Centre 'Markaz' announced the launch of its ‘UAE Real Estate Outlook H1 2021’ report that features indicators signifying positive signs of sustained recovery for the country’s real estate sector. The report highlights the significant rebound in real estate transactions in H1 2021, which was buoyed by confluence of factors including swift roll-out of vaccines, reopening of economies and attractive yields. Moreover, this will lead to a ripple effect and increase in prices.

14/11/2021

Markaz reported Net Profit attributable to shareholders of KD 13.79 million in 9M 2021

Kuwait Financial Centre “Markaz” (KSE: Markaz, Reuters: MARKZ.KW, Bloomberg: MARKAZ:KK) reported its financial results for the nine months of 2021 with total revenues of KD 25.20 million, as compared to KD 5.58 million in the same period last year. Markaz achieved a Net Profit attributable to shareholders of KD 13.79 million, as compared to a loss of KD 6.02 million in 9M 2020, and Earnings Per Share of 29 Fils for the 9M ended September 30, 2021.

11/11/2021

Invitation to Burgan Bank K.P.S.C. Shareholders to Participate in the Capital Increase

Invitation to shareholders of Burgan Bank K.P.S.C. (the “Issuer” or the "Bank") who are registered on the share register of the Issuer at the end of trading on 11 November 2021 (“Record Date”) and the holders of the pre-emption rights who received the pre-emption rights (“Pre-Emption Rights”) during the subscription period to subscribe in the increase of the Issuer’s share capital by 375,000,000 new ordinary shares (the “Issue Shares”) with a nominal value of KWD 37,500,000 and at an Offer Price of 190 Kuwaiti fils per Issue Share (including the nominal value of 100 Kuwaiti fils and the issuance premium of 90 Kuwaiti fils) during the Offering Period commencing on 14 November 2021 (inclusive) and closing on 28 November 2021 (inclusive) for the Rights Issue subscription phase.

09/11/2021

Markaz Sponsors Kuwaiti Champion in Aquabike World Championship 2021

Kuwait Financial Centre “Markaz” announced its support to the Kuwaiti Jet Ski Champion Yousef Al-Abdulrazzaq as the ‘Gold Sponsor’ in the Aquabike World Championship 2021. The sponsorship comes as part of Markaz’s ongoing corporate social responsibility initiatives to build human capabilities and promote youth development in Kuwait by supporting sports and healthy lifestyles. The Aquabike World Championship 2021 Season takes place at Marina Waves in Kuwait City from 11-13 November. Al-Abdulrazzaq was crowned the winner at the UIM-ABP Aquabike Grand Prix of Kuwait in February 2020, the first international competition of its kind to be held in the country.

09/11/2021

Markaz accelerates efforts to make innovation an everyday habit

Aiming to consolidate its position as a pioneer of innovation in the financial industry, Kuwait Financial Centre "Markaz" is launching a new program to make innovation an everyday habit. The custom program, named EDGE, will run from 4th November to 15th December 2021 and will be organized in partnership with Circuit Learning, a leading corporate trainer.

03/11/2021

Markaz: GCC markets positive on multi-year high oil prices and strong earnings

Kuwait Financial Centre “Markaz” recently released its Monthly Market Review report for the month of October 2021. Markaz report noted that Kuwait’s equity market had registered gains for the eighth consecutive month, supported by rise in oil prices, easing restrictions and positive earnings. Kuwait All Share index was the top gainer among GCC markets during October, rising 3.5% and extending its yearly gains to 28.2%.

02/11/2021

Markaz unveils new website to provide enhanced customer experience

Kuwait Financial Centre 'Markaz' announced the launch of its new website as part of its efforts to leverage digital technology to offer best-in-class investment information and opportunities.

01/11/2021

Markaz Sponsors Students Representing Kuwait at Harvard National Model United Nations in support of INNOVA

Furthering its commitment to developing human capacities, Kuwait Financial Centre 'Markaz' announces that the company recently extended its support to the INNOVA International English School’s (IIES) efforts to facilitate the participation of students in the Harvard National Model United Nations (HNMUN) 2022 conference. IIES selected students from various schools in Kuwait to take part in the 68th annual session of HNMUN, which will be held in Boston, Massachusetts from 27-30 January 2022. Along with this initiative, a flagship application (U-APP) has been created to act as a directory for all premiere universities and colleges to help students explore their options and apply for multiple entities with a tap of a button.

26/10/2021