Kuwait Financial Centre S.A.K. “Markaz”, the prominent investment banking and asset management company in the Middle East, won two Lipper Awards. The awards recognize “Markaz Fund for Excellent Yields -MUMTAZ” and “Markaz Islamic Fund” as best Kuwaiti equity fund over the period of five years.
With this addition, Markaz funds won a total of 12 Lipper awards during the last five years. Lipper awards are granted by Thomson Reuters, the world’s leading business data provider.
Ms. Amani Al-Omani, Executive Vice-President - MENA Equities at Markaz said: “The award reflects our prudent risk management policy at Markaz combined with our commitment to achieve the best performance for our clients by following a research driven methodology and investing in high quality assets.”
Al-Omani added: “These awards reaffirm Markaz position as a regional leader in asset management; they come as a result of the company’s constant effort to achieve milestones and to offer well researched financial services that preserve our clients’ investments during times of highly volatile investment environment.”
"Markaz Fund for Excellent Yields - Mumtaz" was established in 1999 and it trades local equity. “Mumtaz” received "A" Fund Management Ratings from Standard & Poor's and won 7 Lipper Awards in the years 2007, 2008, 2010, 2011 and 2012.
“Markaz Islamic Fund” was established in 2003 and it deals with local Sharia’ compliant equity. “Markaz Islamic Fund” won four Lipper Award in the years 2008, 2010, 2011 and 2012.
Photo Caption: Amani Al Omani – Executive Vice President – MENA Equities
About Kuwait Financial Centre “Markaz”
Kuwait Financial Centre S.A.K. 'Markaz', established in 1974 with total assets under management of over KD 865 million as of December 31st, 2011, 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.