Markaz wins Euromoney’s “Best Investment Bank in Kuwait” Award

30/05/2013

Kuwait Financial Centre “Markaz” was awarded  the Euromoney’s Best Investment Bank in Kuwait prize. Euromoney’s 2013 Award for Excellence recognizes financial institutions based on judgments of their team of editors, journalists and researchers, analyzed in conjunction with their own market knowledge and research before the final decision is made by the editorial committee.

Commenting on this occasion, Mr. Ali H. Khalil, Chief Operating Officer at Markaz, said: “We are proud to receive such prestigious award, which reaffirms the quality of our investment banking services stemming from the dedication of our team of professionals to deliver suitable and value added financial advices and solutions to our corporate clients.  The prize is particularly in recognition of Markaz’s success in assisting its clients  to manage their financial requirements through the difficult economic cycle since the 2008 crisis.  The Euromoney Award for Excellence is a distinguished achievement and we are pleased that Euromoney’s editorial committee recognized Markaz’s capabilities.”

Mr. Khalil explained that “during the past few years, Markaz has expanded its investment banking capability to include distressed debt, and corporate debt  restructuring, and has been active in assisting both creditors and borrowers in developing and executing consensual plans towards the settlement of debt.  Also, it has been successful in assisting its clients in refinancing existing debt capital market issues, or, issuing new ones through creative structure notwithstanding the difficult capital market conditions at the time of the issue.”

He added: “the key to our success is that we realize that we operate in highly cyclical sector, and accordingly, we manage our business in anticipation of frequent and severe changes in our business environment. Such mindset requires that we develop the skillset and the experience that allows us to assist our clients in expanding during prosperous times and in protecting their positions during unfavorable market conditions.

 
Picture Caption: Mr. Ali H. Khalil, Chief Operating Officer (middle) Mr. Sohail Ladha, Assistant Vice President (left), Abdullatif Al Nusif, Assistant Vice President (right)  at Kuwait Financial Centre “Markaz”
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About Kuwait Financial Centre “Markaz”

Kuwait Financial Centre S.A.K. 'Markaz', established in 1974 with total assets under management of over KD 888 million as of March 31st, 2013, is the leading and award winning asset management and investment banking institution in the Arabian Gulf Region. Markaz is listed on the Kuwait Stock Exchange (KSE) since 1997 under ticker Markaz.