Kuwait Financial Centre “Markaz” announced winning the “Best Asset Manager in Kuwait - 2014” award by Global Investor magazine, a Euromoney publication specialized in finance and investment.
Photo Caption: Mr. Mohamed Al-Saad, Senior Vice President – MENA Equities Department representing Markaz at Global Investors Awards in Dubai
In light of this achievement, Mr. Mohamed Alsaad, Senior 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 policy 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 it entered the fund management field with the launch of the first Kuwaiti equities fund, “Mumtaz Fund”, and since then has produced and managed several ward winning funds.
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 Arabian Gulf Region with total assets under management (AUM) of over KD 1.12 billion as of Sep 30th, 2014 (USD 3.88 billion). Markaz was listed on the Kuwait Stock Exchange (KSE) in 1997.