Company:Kuwait Financial Centre (Markaz)

From HandWiki
Kuwait Financial Centre "Markaz"
TypePublic Company
IndustryFinancial Services
Founded1974
Headquarters
Duaij Building, Mubarak Al-Kabeer St, Al Qiblah
,
Kuwait
Websitewww.markaz.com

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[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 as follows:

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 and 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 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[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

  1. ↑ "KUWAIT FINANCIAL CENTRE (S.A.K)". Kuwaitse. http://www.kuwaitse.com/Stock/Stock.aspx?Stk=213. 
  2. ↑ "Kuwait Financial Centre S.A.K. MARKAZ (Kuwait)". WJS. http://quotes.wsj.com/KW/XKUW/MARKAZ/company-people. 
  3. ↑ "Major Shareholders". MARKAZ. http://www.markaz.com/Investor-Relations/Disclosures/Corporate-Disclosures. 
  4. ↑ "Marmore MENA Intelligence". E-marmore. http://www.e-marmore.com/. 
  5. ↑ "Best Equity Manager in Kuwait Award from MENA Fund Managers". menafm. http://www.menafm.com/menafm-performance-awards-2016-winners-named/. 
  6. ↑ "Markaz named ‘Best Asset Manager in Kuwait 2014’ by Global Investor". Kuwait Times. http://news.kuwaittimes.net/markaz-named-best-asset-manager-kuwait-2014-global-investor/. 
  7. ↑ "Markaz named ‘Best Asset Manager in Kuwait 2014’". Kuwait Times. http://news.kuwaittimes.net/markaz-named-best-asset-manager-in-kuwait-2014/. 
  8. ↑ "Markaz wins Euromoney’s ‘Best Investment Bank in Kuwait’ Award". Kuwait Times. http://news.kuwaittimes.net/markaz-wins-euromoneys-best-investment-bank-kuwait-award/. 
  9. ↑ "Global Finance Names the World’s Best Investment Banks 2014". Cloud Front. https://d2tyltutevw8th.cloudfront.net/media/document/press-release-worlds-best-investment-banks-2014-1403321444.pdf. 
  10. ↑ "Corporate Social Responsibility". MARKAZ. http://www.markaz.com/Corporate-Social-Responsibility/Announcements. 
  11. ↑ "Markaz launches an internal donation campaign for Syrian people". Arab Times Online. http://www.arabtimesonline.com/wp-content/uploads/pdf/2015/sep/08/32.pdf. 
  12. ↑ "KRCS announces Markaz as ‘humanitarian partner’". Arab Times. http://www.arabtimesonline.com/wp-content/uploads/pdf/2015/may/17/28.pdf. 
  13. ↑ "platinum sponsor of the ceremony certificates were distributed for "financial analysts"". Aljarida. http://www.aljarida.com/news/index/2012707699. 
  14. ↑ "Fourth International Conference on Accounting and Auditing sponsors". Alanba. http://www.alanba.com.kw/ar/economy-news/518006/03-12-2014. 
  15. ↑ "Markaz researches". Alamal. http://www.alamal.com.kw/?p=91311&lang=ar. 
  16. ↑ "Towards sustainable economic development". Alqabas. http://www.alqabas.com.kw/Articles.aspx?ArticleID=786501&CatID=353. 
  17. ↑ "LoYAC’s AC Milan Academy Opens Season With Young Players". Arab Times online. http://www.arabtimesonline.com/loyacs-ac-milan-academy-opens-season-with-young-players/. 
  18. ↑ "Markaz sponsors Faculty of Medicine’s Graduation Ceremony". kuwait Times. http://news.kuwaittimes.net/pdf/2016/jul/21/p06.pdf. 
  19. ↑ "Markaz renews its partnership with Loyac to nurture Kuwaiti talents". Arab Times. http://www.arabtimesonline.com/news/markaz-renews-partnership-loyac-nurture-kuwaiti-talents-strategy-build-human-capacity/. 
  20. ↑ "Markaz sponsors KACCH Child Life Program". Arab Times. http://www.arabtimesonline.com/wp-content/uploads/pdf/2016/jan/27/02.pdf. 
  21. ↑ "Markaz Raises its Cooperation with Kuwait Red Crescent Society". Kuwait Times. http://news.kuwaittimes.net/pdf/2015/oct/21/p30.pdf. 

External links

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




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