Kuwait Financial Centre (Markaz)
 | |
| Public Company | |
| Industry | Financial Services |
| Founded | 1974 |
| Headquarters | Duaij Building, Mubarak Al-Kabeer St, Al Qiblah, Kuwait |
| Website | www.markaz.com |
Kuwait Financial Centre K.P.S.C “Markaz”, established in 1974, is a leading asset management and investment banking institution in the Persian Gulf region with total Markaz's Assets Under Management (AUM) as of 30th June, 2016 is 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[1] on the Kuwait Stock Exchange (KSE) in 1997.
Board of Directors[2]
| Name | Position |
|---|---|
| Diraar Yusuf Alghanim | Chairman |
| Sheikh Humoud Sabah Al-Sabah | Vice Chairman |
| Faisal AbdulAziz Al-Jallal | Board Director |
| Ayman Abdulatif Al-Shaya | Board Director |
| Fahad Yaqoub Al-Jouan | Board Director |
| Fouzi Ibrahim Al Mukaimi | Board Director |
| Adel Mohammad Al-Ghannam | Board Director |
Executive Management Team
| Name | Position |
|---|---|
| Manaf A. Alhajeri | Chief Executive Officer |
| Ali H. Khalil | Chief Operating Officer |
| Bassam N. Al-Othman | Executive Vice President – Real Estate (MENA) |
| Amani I. Al-Omani | Executive Vice President – Equities (MENA) |
| Khaled A. Chowdhury | Chief Financial Officer |
| Maha Al-Kadi | Senior Vice President – Corporate Affairs & Fund Administration |
| Hussein A. Zeineddin | Senior Vice President - Risk Management |
| Abdullatif W. Al-Nusif | Vice President – Private Banking |
Markaz Products
| Type | Equities | Real Estate | Private Equity & Hybrid | Derivatives | Fixed Income |
|---|---|---|---|---|---|
| Region | Kuwait, MENA, Global | Kuwait | MENA, Global | Kuwait | GCC |
| Product | Mumtaz, Midaf, Islamic, MENA Islamic, Arabian,
ETF, Mawazeen, Portfolios, CapitalPreservation |
MREF | Forsa | Fixed Income |
Shareholders Structuring
The major shareholders[3] (owning more than 5% of the issued shares) of the Company directly or indirectly as of October 13, 2016 are:
| Shareholder | % of issued shares | Underlying beneficiary owning more than 5% stake | Stake of underlying beneficiary |
|---|---|---|---|
| Strategia Investment Company | 23.499 | None | Not Applicable |
| Kuwait Financial Centre K.P.S.C - Clients | 13.299 | None | Not Applicable |
| National Investment Company K.P.S.C - Clients | 10.399 | Al Khair National for Stocks and Real Estate, and its subsidiaries and related parties (direct and indirect ownership) | 10.299% |
| Al Mubader Co. | 5.133 | None | Not Applicable |
Subsidiaries & Branches
- Marmore MENA Intelligence:[4] 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[5]
2014: Global Investor’s Best Asset Manager Award[6]
2014: EMEA finance’s Best Asset Manager Award[7]
2014: Euromoney’s Best Investment Bank Award[8]
2014: Global Finance’s Best Investment Bank Award[9]
Corporate Social Responsibility[10]
To achieve economic and social responsibility, Markaz has developed a strategy based on three main pillars, which are:
- 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[11]
- KRCS announces Markaz as a Humanitarian Partner[12]
- Markaz participates in CFA Kuwait 7th Annual Charter Award Ceremony as Platinum Sponsor[13]
- Markaz Sponsors the 4th International Conference for Accounting & Auditing[14]
- Markaz sponsors International Day for People with Disability[15]
- Within its Corporate Social Responsibility, Markaz sponsors “Omniaty”
- Markaz launches its initiative in economic policy alternatives toward sustainable development[16]
- Markaz sponsors LOYAC’s AC Milan Academy[17]
- Markaz sponsors Faculty of Medicine’s Graduation Ceremony[18]
- Markaz renews its partnership with Loyac to nurture Kuwaiti talents[19]
- Markaz sponsors KACCH Child Life Program [20]
- Markaz Raises its Cooperation with Kuwait Red Crescent Society[21]
References
- ↑ "KUWAIT FINANCIAL CENTRE (S.A.K)". Kuwaitse.
- ↑ "Kuwait Financial Centre S.A.K. MARKAZ (Kuwait)". WJS.
- ↑ "Major Shareholders". MARKAZ.
- ↑ "Marmore MENA Intelligence". E-marmore.
- ↑ "Best Equity Manager in Kuwait Award from MENA Fund Managers". menafm.
- ↑ "Markaz named 'Best Asset Manager in Kuwait 2014' by Global Investor". Kuwait Times.
- ↑ "Markaz named 'Best Asset Manager in Kuwait 2014'". Kuwait Times.
- ↑ "Markaz wins Euromoney's 'Best Investment Bank in Kuwait' Award". Kuwait Times.
- ↑ "Global Finance Names the World's Best Investment Banks 2014" (PDF). Cloud Front.
- ↑ "Corporate Social Responsibility". MARKAZ.
- ↑ "Markaz launches an internal donation campaign for Syrian people" (PDF). Arab Times Online.
- ↑ "KRCS announces Markaz as 'humanitarian partner'" (PDF). Arab Times.
- ↑ "platinum sponsor of the ceremony certificates were distributed for "financial analysts"". Aljarida.
- ↑ "Fourth International Conference on Accounting and Auditing sponsors". Alanba.
- ↑ "http://www.alamal.com.kw/?p=91311&lang=ar". Alamal. External link in
|title=(help) - ↑ "Towards sustainable economic development". Alqabas.
- ↑ "LoYAC's AC Milan Academy Opens Season With Young Players". Arab Times online.
- ↑ "Markaz sponsors Faculty of Medicine's Graduation Ceremony" (PDF). kuwait Times.
- ↑ "Markaz renews its partnership with Loyac to nurture Kuwaiti talents". Arab Times.
- ↑ "Markaz sponsors KACCH Child Life Program" (PDF). Arab Times.
- ↑ "Markaz Raises its Cooperation with Kuwait Red Crescent Society" (PDF). Kuwait Times.
External links
1.MARKAZ official site 2.www.e-marmore.com