Suvarna Garge (Editor)

Kuwait Financial Centre (Markaz)

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Type
  
Public Company

Founded
  
1974

Industry
  
Financial Services

Website
  
www.markaz.com

Headquarters
  
Duaij Building, Mubarak Al-Kabeer St, Al Qiblah, Kuwait

Kuwait Financial Centre K.P.S.C "Markaz", established in 1974, is an asset management and investment banking institution in the Persian Gulf region with total Assets Under Management (AUM) as of June 30, 2016, of KD 910 million (USD 3.01 billion). Asset management services offered by the company include investment advisory services, GCC & International Investments and Private Equities. Investment banking services include Corporate Finance, MENA Real Estate, US Real Estate, Oil and Gas and Structured Finance. Markaz was listed on the Kuwait Stock Exchange (KSE) in 1997.

Contents

Shareholders structuring

The major shareholders (owning more than 5% of the issued shares) of the company directly or indirectly as of October 13, 2016, are as follows:

Subsidiaries and branches

  • Marmore MENA Intelligence: It was established in the year 2010. Marmore is a majority owned subsidiary of Kuwait Financial Centre "Markaz". Marmore offers full-fledged research in asset management and investment banking focused on Middle East and North Africa (MENA) region. Marmore’s objective is to provide services of financial research and analysis of Mena economies, markets, and companies.
  • Mar-Gulf Management, Inc. (MGMI): Acts as Markaz's real estate arm in the United States. Since 1988, Markaz has been conducting real estate transactions in the US through Mar-Gulf, located in Los Angeles, California.

    • Latest awards

    2016: Best Equity Manager in Kuwait Award from MENA Fund Managers

    2014: Global Investor’s Best Asset Manager Award

    2014: EMEA finance’s Best Asset Manager Award

    2014: Euromoney's Best Investment Bank Award

    2014: Global Finance’s Best Investment Bank Award

    Corporate social responsibility

    To achieve economic and social responsibility, Markaz has developed a strategy based on three main pillars which are the following:

  • To build human capabilities
  • To align Markaz business environment with the principles of sustainable development
  • To promote good governance in the business environment

    • To implement this strategy, Markaz cooperates with civil society organizations, Kuwait Chamber of Commerce & Industry, and related Governmental Bodies.

    CSR activities

  • Markaz launches an internal donation campaign for Syrian refugees
  • KRCS announces Markaz as a Humanitarian Partner
  • Markaz participates in CFA Kuwait 7th Annual Charter Award Ceremony as Platinum Sponsor
  • Markaz Sponsors the 4th International Conference for Accounting & Auditing
  • Markaz sponsors International Day for People with Disability
  • Within its Corporate Social Responsibility, Markaz sponsors “Omniaty”
  • Markaz launches its initiative in economic policy alternatives toward sustainable development
  • Markaz sponsors LOYAC’s AC Milan Academy
  • Markaz sponsors Faculty of Medicine’s Graduation Ceremony
  • Markaz renews its partnership with Loyac to nurture Kuwaiti talents
  • Markaz sponsors KACCH Child Life Program
  • Markaz Raises its Cooperation with Kuwait Red Crescent Society

    • References

    Kuwait Financial Centre (Markaz) Wikipedia
    (Text) CC BY-SA