Kuwait: As part of its ongoing efforts to contribute to creating a sustainable future for Kuwait and its society, Kuwait Financial Centre “Markaz” recently hosted senior professionals from oil sector companies in the country for a training session, in collaboration with Al Yassra for Human Development & Consultancy. Markaz’s experts provided mentorship in financial transactions and people leadership for the trainees under the Leadership Skills Development program of Kuwait Petroleum Corporation’s Petroleum Training Center.

As part of the initiative, 12 team leaders and supervisors from companies operating in Kuwait’s oil sector were invited to Markaz, where they were provided a high-level overview of financial transactions such as initial public offerings and mergers and acquisitions, as well as insights into the best standards and practices for achieving high performance through people leadership. The three-hour training program was designed to support emerging business leaders’ future career growth and development.

Markaz’s support for the training program falls in line with the ‘human capacity building’ pillar of its corporate social responsibility (CSR) strategy and furthers the success of its broad-ranging initiatives aimed at developing local talent and future leaders. The mentors at this session included Markaz’s Executive Vice President, Capital Markets, Ms. Rasha Othman, Vice President, Investment Banking- Advisory, Mr. Abdulrazzaq Razooqi, and Executive Vice President, Human Resources, Mr. Peter Kelly.

Mr. Peter Kelly said: “With ‘human capacity building’ being a key pillar of our CSR strategy, we have collaborated with several organizations on initiatives focused on realizing the potential of both younger people and more experienced professionals to become successful individuals and leaders. We were extremely pleased to host our guests, and hope we continue to provide insights that will be of value to succeed in productive careers and higher leadership roles in both the Kuwaiti public and private sectors.”

Dr. Nidal Alhasan, Independent Expert Leadership Trainer at Al Yassra for Human Development & Consultancy, commented: “Aligned with our aim to raise the competencies of professionals to assume higher positions within their respective Kuwaiti companies, we have a keen focus on providing professionals with the opportunity to experience and learn first-hand from organizations with leadership and management excellence. We are proud to collaborate with Markaz as they share our vision and commitment to further advancing professions with their careers.”

Markaz's corporate social responsibility strategy is founded on three pillars, namely, building human capacity, aligning its business environment with the principles of sustainable development, and promoting good governance in the business environment. 

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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 1.142 billion as of 30 September 2022 (USD 3.67 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 Saad
Media & Communications Department
Kuwait Financial Centre K.P.S.C. "Markaz"
Email: ssaad@markaz.com   
www.markaz.com