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Press Release

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.


Press Release

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.


Press Release

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.


Press Release

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.


Press Release

World Bank revises Kuwait’s 2024 economic growth upwards

Markaz released its Monthly Market Review report for the month of April 2024. Kuwait and broader GCC markets were pressured by the escalation in geopolitical tensions while corporate earnings and positive economic outlook from World Bank lent some support. Global markets declined for the month as persistent inflation in the U.S. led to concerns about possible delays in interest rate cuts by the U.S. Fed.


Press Release

Markaz Releases Study on Implications of New Anti-Monopoly Legislation

In keeping with its commitment to empowering investors with vital perspectives and market insights for informed decision-making, Markaz released a research paper on the implications of the new Kuwaiti law to tackle the monopolization of residential land.


Press Release

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.


Press Release

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.


Press Release

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.


Press Release

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.