Markaz organized an in-house legal educational workshop featuring senior partners from Al-Sarraf & Al- Ruwayeh ("ASAR Legal"), the largest and leading corporate, banking and finance law firm in Kuwait and one of the largest law firms in the GCC, to train staff on legal matters related to the asset management industry at the Holiday Inn – Downtown on May 21st 2009.
In his welcome note, Mr. Manaf Alhajeri, General Manager of Markaz, commended the business relationship with ASAR Legal spanning more than 10 years and stated that the solid position Markaz enjoys today, with the unfolding financial crisis, is a result of Markaz's legacy of doing its legal homework before engaging into any venture.
Ms. Rasha A. Al-Hamad, Senior Vice President of Human Resources and Administration at Markaz said, "With security and ethics being a hallmark of Markaz’s culture, we sought to train all levels of staff from the executive management to junior colleagues on various legal issues relevant in this difficult and changing environment, covering basics such as contract law, the scope and benefits of the Stimulus Law and managing distressed files. Overall, we believe we achieved our objective and staff found it to be a valuable experience.”
Speakers from ASAR Legal included Mr. Ahmed Barakat - Head of Litigation & Managing Partner; Mr. Robert Little - Corporate, Banking & Finance Partner; and Mr. Hossam Abdullah - Corporate, Banking & Finance Partner.-Ends-
Markaz staff attending the legal educational workshop which featured senior partners from Al-Sarraf & Al-Ruwayeh.
Kuwait Financial Centre S.A.K. 'Markaz', with total assets under management of over KD 781 million as of March 31, 2009, was established in 1974 and 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; and was awarded a BBB+ corporate rating by Capital Intelligence Ltd.