Kuwait Financial Centre “Markaz” announced winning the “Best Asset Manager in Kuwait - 2013” award by Global Investor magazine, a Euromoney publication specialized in finance and investment.
The award’s judges selected Markaz based on the company’s healthy balance sheet; the performance and diversity of its product offerings; its innovation in creating new investment products; its high level of corporate governance; and its sustainable growth in market share, assets under management and client base.
In light of this achievement, Mr. Mohamed Alsaad, Vice President - MENA Equities Department at Markaz said: “We would like to thank Global Investor Magazine for granting Markaz the ‘Best Asset Manager in Kuwait’ award for the fourth consecutive year. This achievement is a testament of our team’s effort to achieve our investment objectives by offering versatile products and constantly improve our ability to appropriately allocate our assets based on well-researched policies that guarantees achieving the best possible returns amidst a highly volatile investment climate.”
He added: “Markaz ability to reap prestigious awards year after year is a result of our prudent risk management policies amidst the current circumstances in both local and international markets, in addition to our commitment towards achieving the best results for our investors by backing up our investment decision with well-rounded research and investing in quality assets. It is also a result of our constant revision of our risk management policies to ensure its compatibility with the rapidly changing investment environment.”
Markaz’s track record in asset management in Kuwait and the GCC extends back to almost three decades. In 1983, the company started offering portfolio management services in the Kuwaiti Market, and in 1999 Markaz entered the fund management field and since then has produced and managed several award winning funds.###
Kuwait Financial Centre 'Markaz', with total assets under management of over KD982.6 million as of June 30, 2013, 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, Asst. Vice President – MENA Equities Department representing Markaz at Global Investors Awards in Dubai