Kuwait Financial Centre “Markaz” announced that Markaz Islamic Fund won an award in Zawya MENA Asset Management Conference and Awards 2013 in the category of “Kuwait Equity Islamic”. The awards are evaluated by the renowned international agency, Thompson Reuters.
The MENA Asset Management Awards 2013 is a prestigious event to celebrate the regional industry top performers and service providers through a certified, unique, transparent, and well respected rating system customized specifically to attend to the MENA Region needs.
In light of this achievement, Mr. Mohamed Alsaad, Vice President - MENA Equities Department at Markaz said: “We are glad to have received this Zawya Award for our “Markaz Islamic Fund”. This achievement, among other awards, reaffirms Markaz’s position as a leading asset management firm that delivers superior performance. Our achievements are a result of our constant effort to meet the stated investment objectives across our diverse investment product range.”
Mr. Alsaad added: “The award reflects our prudent risk management policy at Markaz combined with our commitment to achieve the best performance for our clients by following a research driven methodology and investing in high quality assets. Our superior performance is due to our risk conscious approach and our commitment to constantly adjust risk as per the investment climate requirements.”
Markaz’s track record in asset management in Kuwait and the GCC extends back to more than two decades. In 1983, the company started offering portfolio management services in the Kuwaiti Market. Markaz has been offering “Markaz Islamic Fund” since 2003. The fund aims to invest in Sharia Compliant equities in Kuwait and has won four Lipper Awards in the years 2008, 2010, 2011 and 2012.
About Kuwait Financial Centre “Markaz”
Kuwait Financial Centre K.P.S.C “Markaz”, with total assets under management of over KD903 million (USD 3.2 billion) as of December 31, 2012, was established in 1974 has become one of the leading asset management and investment banking institutions in the Arabian Gulf Region. Markaz was listed on the Kuwait Stock Exchange (KSE) in 1997.
Photo Caption: Mr. Mohamed Al-Saad, Vice President – MENA Equities Department representing Markaz at the Awards Ceremony