“Markaz” will adopt cloud based, mobile solutions for investment and asset management operations

30/03/2017

Markaz announced that it will utilize Yardi Voyager® 7S, the browser-agnostic and mobile-enabled software as a service platform along with Yardi’s Orion Business Intelligence.

Mr. Hussein Ali Zeineddin, Senior Vice President, MIS & Operations at Markaz said: “Implementing the right solution was extremely important to our business. The Voyager platform will not only help us streamline our entire operation; the business intelligence functionality means we can access real-time analytics, inform strategies and enhance decision making.”

Mr. Nael Gemassmer, Vice President of international for Yardi said: “Yardi is pleased to provide Markaz with a platform to help manage such a highly regarded operation. We are excited by the growth we are seeing in Kuwait which is testament to the investment we have made across the Middle East region.”

Markaz has earned a credible name for itself amongst the top performing fund managers in Kuwait due to its strong and consistent performance spanning many years. The company offers full-fledged services in asset management and investment banking. Asset management services offered by the company include Investment Advisory Services, GCC & International Investments and Private Equities. Markaz's Assets Under Management (AUM) as of 31st December, 2016 is KD 935 million (USD 3.05 Billion).

Yardi® develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide from offices in Australia, Asia, the Middle East, Europe and North America. For more information, visit: www.yardi.com/ae

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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 KD935 million as of December 31, 2016 (US3.05 billion). Markaz shares are listed on Boursa Kuwait since 1997.

For further information, please contact:
Alrazi Y. Albudaiwi
Media & Communications Department
Kuwait Financial Centre K.P.S.C. "Markaz"
Tel: +965 2224 8000 ext 1800
Fax: +965 2241 4499
Email: [email protected]
www.markaz.com