Markaz Real Estate Research Paper

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Public Company
IndustryFinancial Services
HeadquartersDuaij 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[1] on the Kuwait Stock Exchange (KSE) in 1997.

Board of directors[2][edit]

Diraar Yusuf AlghanimChairman
Sheikh Humoud Sabah Al-SabahVice Chairman
Faisal AbdulAziz Al-JallalBoard Director
Ayman Abdulatif Al-ShayaBoard Director
Fahad Yaqoub Al-JouanBoard Director
Fouzi Ibrahim Al MukaimiBoard Director
Adel Mohammad Al-GhannamBoard Director

Executive management team[edit]

Manaf A. AlhajeriChief Executive Officer
Ali H. KhalilChief Operating Officer
Bassam N. Al-OthmanExecutive Vice President – Real Estate (MENA)
Amani I. Al-OmaniExecutive Vice President – Equities (MENA)
Khaled A. ChowdhuryChief Financial Officer
Maha Al-KadiSenior Vice President – Corporate Affairs & Fund Administration
Hussein A. ZeineddinSenior Vice President - Risk Management
Abdullatif W. Al-NusifVice President – Private Banking

Markaz Products[edit]

TypeEquitiesReal EstatePrivate Equity & HybridDerivativesFixed Income
RegionKuwait, MENA, GlobalKuwaitMENA, GlobalKuwaitGCC
ProductMumtaz, Midaf, Islamic, MENA Islamic, Arabian,

ETF, Mawazeen, Portfolios, CapitalPreservation

MREFForsaFixed Income

Shareholders structuring[edit]

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 sharesUnderlying beneficiary owning more than 5% stakeStake of underlying beneficiary
Strategia Investment Company23.499NoneNot Applicable
Kuwait Financial Centre K.P.S.C - Clients13.299NoneNot Applicable
National Investment Company K.P.S.C - Clients10.399Al Khair National for Stocks and Real Estate, and its subsidiaries and related parties (direct and indirect ownership)10.299%
Al Mubader Co.5.133NoneNot Applicable

Subsidiaries and branches[edit]

  • 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[edit]

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][edit]

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[edit]

  • 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]


External links[edit]

1.MARKAZ official site

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