Kuwait Financial Centre (Markaz)

Kuwait Financial Centre (KuwFiC), 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.

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

Shareholders structuring

The major shareholders[2] (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:[3] 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[4]

2014: Global Investor’s Best Asset Manager Award[5]

2014: EMEA finance’s Best Asset Manager Award[6]

2014: Euromoney's Best Investment Bank Award[7]

2014: Global Finance’s Best Investment Bank Award[8]

References
  1. "KUWAIT FINANCIAL CENTRE (S.A.K)". Kuwaitse.
  2. "Major Shareholders". MARKAZ.
  3. "Marmore MENA Intelligence". E-marmore.
  4. "Best Equity Manager in Kuwait Award from MENA Fund Managers". menafm.
  5. "Markaz named 'Best Asset Manager in Kuwait 2014' by Global Investor". Kuwait Times.
  6. "Markaz named 'Best Asset Manager in Kuwait 2014'". Kuwait Times.
  7. "Markaz wins Euromoney's 'Best Investment Bank in Kuwait' Award". Kuwait Times.
  8. "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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