Kuwait Financial Centre (MARKAZ)

Mubasher: The number of merger and acquisition (M&A) transactions across the Gulf Cooperation Council (GCC) member countries decreased by 51% year-on-year (YoY) during the first quarter (Q1) of 2020, due to the coronavirus disease (COVID-19). The …

Mubasher: The general assembly of Kuwait Financial Centre (Markaz) approved to reduce the proposed cash dividend distribution for the fiscal year (FY) 2019 to 5% from 10%.  The cut was proposed by an agent of shareholders who own 16.63% of the …

Mubasher: Kuwait Financial Centre (Markaz) has completed the sale of Parc Santa Fe, a 344,542 square foot industrial property in the US city of Denver, Colorado, for $58 million. The sale of the property generated a net internal rate of return to …

Mubasher: Kuwait Financial Centre (Markaz) reported a net profit amounting to KWD 6.95 million ($22.88 million) in the fiscal year ended on 31 December 2019, up by 204% from KWD 2.28 million ($7.53 million) in 2018. Earnings per share (EPS) soared …

Mubasher: Kuwait Financial Centre (Markaz) reported a turn to losses at a total of KWD 1.37 million ($4.52 million) during the third quarter of 2019, versus profits worth KWD 1.52 million ($5.02 million) during the corresponding quarter in 2018.  …

Mubasher: Kuwait Financial Centre (Markaz) reported a 30% year-on-year profit increase during the second quarter of 2019, recording KWD 1.175 million ($3.87 million). In the first six months of 2019, Markaz’s profit surged 84% year-on-year to KWD …

Mubasher: Kuwait Financial Centre’s (Markaz) foreign real estate assets under management (AUM) in the US and Europe reached $377 million (KWD 114.78 million) during the first quarter of 2019. Markaz will continue the development of its investment …

Mubasher: Kuwait Financial Centre’s (Markaz) assets under management (AUM) increased by 12% year-on-year at the end of the first quarter of 2019 to KWD 1.16 billion, recording its highest level in five years, the company’s CEO said. Markaz …

Mubasher: Kuwait Financial Centre (Markaz) reported a 112.4% year-on-year increase in profits during the first quarter of 2019. Markaz’s profits amounted to KWD 3.643 million in Q1-19, compared to KWD 1.715 million ($5.65 million) during Q1-18, …

Mubasher: Kuwait Financial Centre (Markaz) incurred a loss of KWD 1.86 million ($6.13 million) during the fourth quarter of 2018 compared to KWD 1.4 million ($4.61 million) in Q4-17, a year-on-year increase of 32.9%. During fiscal year 2018, …

Mubasher: Kuwait ranked second among the GCC economies in terms of the number of mergers and acquisitions (M&As) concluded from 2014 to 2018, according to a report released by Kuwait Financial Centre (Markaz). The number of M&As concluded in …

Mubasher: Boursa Kuwait will hold a press conference on Tuesday, 12 February 2019, on the occasion of listing Al Manar Financing and Leasing Co. on Boursa Kuwait. Al Manar Financing and Leasing will be trading on the Main Market of Boursa Kuwait, …

Mubasher: Boursa Kuwait announced that Taameer Real Estate Investment witnessed a private transaction during the trading session on Sunday at a total value of KWD 1.19 million. Securities Group has sold a total of 35 million shares to the buyer …

Mubasher: Kuwait Financial Centre (Markaz) reported a decrease of 48% in profits during the third quarter of 2018 compared to the same period in the prior year. Earnings shrank to KWD 1.52 million ($5 million) in Q3-18 from KWD 2.91 million ($9.6 …

Mubasher: Kuwait Financial Centre (Markaz) registered an increase of 24.7% in profits during the second quarter of 2018 compared to the corresponding period a year ago. Earnings grew to KWD 904,000 ($3 million) in Q2-18 from KWD 725,000 ($2.4 …

Mubasher: The shareholders of Kuwait Financial Centre (Markaz) agreed during the ordinary general meeting (OGM) to distribute 7% of capital as cash dividends for fiscal year 2017. The investment banking and financial services provider will pay 7 …

Mubasher: Kuwait Financial Centre (Markaz) has suffered losses worth KWD 1.4 million ($4.68 million) in the fourth quarter of 2017 against a profit of KWD 2.65 million ($8.85 million) in the same period a year ago. During the 2017 fiscal year, the …

Mubasher: Kuwait Financial Centre (Markaz) clarified that MHI Holding is no longer a subsidiary of Markaz. This decision was effective starting from 2 January 2018, according to a bourse filing issued on Monday. New investors have joined MHI …

Mubasher: MHI Holding Co, a subsidiary of Kuwait Financial Centre (Markaz), has acquired a 29.5% stake in Heavy Engineering Industries and Shipbuilding (HEISCO), representing 53.17 million shares. Carried out at KWD 0.320 per share, the …

Mubasher: Boursa Kuwait will hold an auction on Sunday, 31 December, to offer 53.17 million of Heavy Engineering Industries and Shipbuilding’s (HEISCO) shares for sale. This stake represents 29.5% of HEISCO’s capital, according to a bourse …

Mubasher: Boursa Kuwait has approved a private transaction on 23.13 million of Kuwait Financial Centre’s (Markaz) shares, according to a bourse filing on Thursday. The total value of these shares is KWD 2.78 million or 120 fils per share. It is …

Mubasher: Kuwait Financial Centre (Markaz) posted a decline of 51.7% in profits during the second quarter of 2017 compared to the same quarter a year ago. Earnings shrank to KWD 720,000 ($3.38 million) in Q2-17 from KWD 1.49 million ($4.92 …

Kuwait – Mubasher: Kuwait Financial Centre (Markaz) achieved profits worth KWD 2.2 million ($7.18 million) in the first quarter of 2017, against a loss of about KWD 683,000 ($2.23 million) in the same period of 2016. Markaz recorded operating …

Mubasher: The ordinary general meeting (OGM) of Kuwait Financial Centre (Markaz) approved the board’s recommendation of distributing 6% of capital as cash dividends for fiscal year 2016. The company will pay 6 fils per share to the entitled …

Kuwait - Mubasher: Kuwait Financial Centre (Markaz) and Tamdeen Real Estate on Wednesday announced the dates for their ordinary general meetings (OGM), which will discuss dividends for 2016. Markaz’s OGM is set to discuss a cash dividend …