Kuwait Financial Centre (Markaz)

Kuwait Financial Centre K.P.S.C “Markaz” is an asset management and investment banking institution in the MENA region with total assets under management of over KD 1.154 billion as of 31 December 2022 (USD 3.77 billion). Markaz was listed on the Boursa Kuwait in 1997. Markaz has created new investment channels that enjoy unique characteristics and help Markaz widen investors’ horizons. Examples include Mumtaz (the first domestic mutual fund), MREF (the first real estate investment fund), and Forsa Financial Fund (the first and only options market maker in the GCC since 2005), all conceptualized, established, and managed by Markaz.

Kuwait Financial Centre K.P.S.C. "Markaz"
TypePublic Company
IndustryFinancial Services
Founded1974
Headquarters
Kuwait, Sharq, Ahmad Al-Jaber Street, Universal Tower
,
Kuwait
Websitewww.markaz.com

Shareholders structuring

The major shareholders[1] (owning more than 5% of the issued shares) of the company directly or indirectly as of March 16, 2023, are as follows:

Shareholder  % of issued shares Underlying beneficiary owning more than 5% stake Stake of underlying beneficiary
Kuwait Pillars for Financial Investment (KSC Closed) "formerly known as Strategia Investment Company" 29.695 None 10.299%
Al Mubader Co. 5.133 None Not Applicable

Subsidiaries and branches
  • Marmore MENA Intelligence:[2] 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[3]

2014: Global Investor’s Best Asset Manager Award[4]

2014: EMEA finance’s Best Asset Manager Award[5]

2014: Euromoney's Best Investment Bank Award[6]

2014: Global Finance’s Best Investment Bank Award[7]

References
  1. "Major Shareholders". MARKAZ.
  2. "Marmore MENA Intelligence". E-marmore.
  3. "Best Equity Manager in Kuwait Award from MENA Fund Managers". menafm.
  4. "Markaz named 'Best Asset Manager in Kuwait 2014' by Global Investor". Kuwait Times.
  5. "Markaz named 'Best Asset Manager in Kuwait 2014'". Kuwait Times.
  6. "Markaz wins Euromoney's 'Best Investment Bank in Kuwait' Award". Kuwait Times.
  7. "Global Finance Names the World's Best Investment Banks 2014" (PDF). Cloud Front.

1.MARKAZ official site 2.www.e-marmore.com

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