Markaz achieves net profit of KD 5.83 million for 3 quarters


Kuwait Financial Centre “Markaz” [KSE: Markaz, Reuters: MARKZ.KW, Bloomberg: MARKAZ: KK] announced achieving a net profit attributable to shareholders of KD 5.83 million (EPS 12 Fils per share) for the period ending 30th September 2017, as compared with a net profit of 1.38 million (EPS 3 Fils per share) during the same period in 2016.

Mr. Manaf A. Alhajeri, CEO of Markaz, said in a statement that while the company continues to seek the best opportunities to create sustainable wealth for its clients in local and international markets, it is moving forward internally towards a technologic revamp. The revamp would optimize the efficiency of Markaz’s operations across its wide array of services, which includes asset management n, real estate investment management and development, financial advisory services, establishing and managing investment funds across various asset classes, and custody services.

Established in 1974, Markaz has always embraced a prudent and research driven approach to investment management and investment banking services, which it has been providing to its institutional and high net worth clients for over 40 years.

The company’s total Asset Under Management (AUM) reached KD 1,020 million at the end of September 2017.