Kuwait: Kuwait Financial Centre “Markaz” marked the end of 2022 on a successful note, concluding the year with nine prestigious awards and rankings within the Kuwait financial sector, adding to its track record of achievements in the field of wealth management, investment banking, and asset management. Thanks to the remarkable performance of its team, Markaz has consistently delivered on its promise to cater to the investment aspirations of its clients and sustained business and asset growth fulfillment despite varying market conditions. This, in turn, contributed to presenting Markaz with awards from "Global Finance", “EMEA Finance”, "Global Investor", "Euromoney" and "WealthBriefing" throughout the year.
Markaz was acknowledged by Global Finance as "Best Investment Bank in Kuwait for 2022", making it the 11th time Markaz is awarded the coveted title in the past 12 years, further cementing Markaz’s commitment to elevating the standards of its investment services and overall market share.
Markaz was also honored at the 15th edition of the Middle East Banking Awards 2022 by EMEA Finance, at a gala event held in Dubai on March 8th and attended by Markaz representatives. Markaz was named “Best Local Investment Bank” and “Best Asset Manager”, reflecting the continuous efforts by the Capital Markets, Advisory and MENA Equities teams.
Moreover, Markaz was awarded “Kuwait Wealth Manager for 2022” by Global Investor, which was announced during the ninth annual MENA Awards 2022 ceremony. The ‘Kuwait Wealth Manager’ award further strengthens Markaz’s reputation for providing top-of-the-line wealth management solutions helping its clients protect and grow their wealth. The wealth management team creates optimal asset allocation models and selects investments that suit the risk profile as well as the return and liquidity objectives of its clients.
Markaz was also honored with the prestigious award for the “Best Private Bank or Wealth Manager Servicing the State of Kuwait” by WealthBriefing, reinforcing the company’s continuous efforts to provide a single point of access to the regional and global asset management industry for its clients. These awards recognize the best operators in MENA wealth management, with independence, integrity, and genuine insight, reflecting excellence and innovation during the last year.
Markaz was also recognized as an Investment Banking Market Leader, and one of the Highly Regarded institutions in Euromoney Market Leaders’ Digital Solutions and Corporate Social Responsibility categories, while it was featured among Notable performers in Diversity and Inclusion. These ratings reflect Markaz's leadership in the investment banking and asset management services sector in Kuwait, and its keenness to keep abreast of technical developments in this sector. It is also a result of the social responsibility strategy adopted by Markaz, and its efforts to strengthen its work team through a comprehensive and diverse culture of fairness and equality.
Commenting on the achievements and awards, Mr. Ali H. Khalil, CEO of Markaz, said: “We are pleased to have delivered another highly fruitful year and solidified Markaz’s position as an industry leader in investment banking and asset management in Kuwait with a string of achievements and awards. It is a matter of great pride that our achievements and our strong track record in providing market-leading products and services for our clients to protect and grow their wealth have been recognised internationally."
“It is our highly skilled team of professionals who have extensive experience, in-depth industry knowledge and outstanding technical execution capabilities under their belt that enabled Markaz to sustain its performance and continue to cultivate excellence in our products and services. We extend our deepest gratitude to them for their dedication to going the extra mile to help our clients meet their investment objectives with a clear understanding of their needs and financial goals. This coveted recognition will motivate us to continue our pursuit of excellence across all asset classes and bolster our ability to adapt to fast-evolving client expectations through the adoption of technology and digitization,” added Mr. Khalil.
About Kuwait Financial Centre “Markaz”
Established in 1974, Kuwait Financial Centre K.P.S.C “Markaz” is one of the leading asset management and investment banking institutions in the MENA region with total assets under management of over KD 1.154 billion as of 31 December 2022 (USD 3.77 billion). Over the years, Markaz has pioneered innovation by developing new concepts resulting in new investment channels. These channels enjoy unique characteristics and helped Markaz widen investors’ horizons. Examples include Mumtaz (the first domestic mutual fund), MREF (the first real estate investment fund in Kuwait), and Forsa Financial Fund (the first and only options market maker in the GCC since 2005), all conceptualized, established and managed by Markaz. Markaz was listed on the Boursa Kuwait in 1997.
For further information, please contact:
Sondos S. Saad
Media & Communications Department
Kuwait Financial Centre K.P.S.C. "Markaz"