Kuwait Financial Centre “Markaz” announced launching a new electronic platform to manage real estate assets using Yardi Voyager® 7S, the browser-agnostic and mobile-enabled software. This technology will complement Markaz expertise and capabilities in managing real estate investments locally and globally, in addition to providing the company’s clients access to real-time data across their portfolios to monitor the performance of their investments with the company directly and anytime.
Photo Caption: Mr. Bassam Nasser Al-Othman, Executive Vice President, Real Estate (MENA) and Mr. Hussein Ali Zeineddin, Senior Vice President, MIS & Operations at Markaz.
Mr. Bassam Nasser Al-Othman, Executive Vice President, Real Estate (MENA) at Markaz said, “Due to the growth of the real estate portfolio managed by Markaz in terms of size and geographical expansion, we enhanced our technological capabilities in the field of managing our real estate investments and our clients’ across the world. Markaz expertise and knowledge base in this field continues to attract institutional and individual investors. This new technology will allow us to increase the efficiency of our operations, which will reflect on our ability to achieve better results for our investors and shareholders. Using Yardi platform, our clients will enjoy higher levels of transparency by enabling them to directly monitor the performance of their investment portfolios or real estates managed by Markaz.”
Mr. Hussein Ali Zeineddin, Senior Vice President, MIS & Operations at Markaz said, “Implementing the right solutions is extremely important to our business. Therefore, we adopted Yardi Voyager platform, which will integrate perfectly with our existing systems and will help us streamline our entire Real Estate Operations. We also adopted Yardi’s Orion Business Intelligence which allows us to access real- time information and analytics, acting as an added value to creating informed strategies in Markaz and enhancing decision making about our Real Estate Investment Assets.”
About Kuwait Financial Centre “Markaz”
Kuwait Financial Centre K.P.S.C “Markaz”, established in 1974, is one of the leading asset management and investment banking institutions in the MENA Region with total assets under management (AUM) of over KD1.2 billion as of September 30, 2017. Markaz shares are listed on Boursa Kuwait since 1997.