Kuwait Financial Centre (MARKAZ) News - Mubasher Info
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28 June 08:11 AM

Kuwait Financial Centre (MARKAZ`R)

Last update: 25 June 01:09 PM market time.
135.00
-16.00
-10.60%
Open 133.00
Previous Close 151.00
High 136.00
Low 130.00
Stock Statistics
Volume 2,033,077
Turnover 270,087.39
All data are 15 minutes late during market session

News

UAE’s logistics sector topped M&A transactions in the GCC
12 May 2020 01:03 PM M&A deals in GCC countries decline 51% in Q1 - 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 …
Companies Investments
The board’s remuneration for 2019 was cut to KWD 105,000
29 April 2020 10:18 AM Markaz approves dividend cut for 2019; elects new board
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 …
Cash Dividends
Markaz generated a rate of return to investors from the sale at 27.7%
29 March 2020 10:30 AM Markaz exits $58m Parc Santa Fe in US
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 …
Companies Investments
Net profits totalled KWD 3.5 million in Q4-19
17 February 2020 09:22 AM Markaz’s profit leaps 204% in 2019; dividends proposed
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 …
Board of Directors
Markaz attributed the profit decrease to lower FV of financial assets
28 October 2019 09:46 AM Markaz turns to KWD 1.37m loss in Q3-19
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.  …
Financial Results
Markaz’s profit surged 84% in 6M
1 August 2019 04:26 PM Markaz’s profit hikes 30% YoY in Q2-19
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 …
Financial Results
Markaz will continue the development of its investment programme
30 May 2019 00:50 AM Markaz’s foreign real estate AUM hit $377m in Q1
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 …
Companies Investments
Markaz achieved a positive performance at the beginning of 2019 in managing assets
13 May 2019 02:01 PM Markaz’s AUM hits KWD 1.5bn in 3M – CEO
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 …
Companies Investments
The firm attributed the growth of Q1-19 profits to a rise in the FV of financial assets.
9 May 2019 01:35 PM Markaz logs KWD 3.6m profit in Q1
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, …
Financial Results
The board members of Markaz recommended 4% of capital as cash dividends
18 February 2019 11:14 AM Markaz FY18 profits down 48%; dividends proposed
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, …
Board of Directors
The Kuwaiti M&As market is expected to grow
16 February 2019 07:01 PM Kuwait comes 2nd in GCC’s M&As in 5 yrs – Report
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 …
Companies Investments
Al Manar Financing has a capital standing at KWD 30.9 million
7 February 2019 00:41 PM Al Manar Financing to list on Boursa Kuwait
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, …
Stock Evaluations
Private transactions do not affect the price of the last transaction on the stock
9 December 2018 03:01 PM Taameer Real estate sees 35m shrs private deal on Sunday
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 …
Trading Activities
Operating revenues grew by 14% in 9M
8 November 2018 11:59 AM Markaz Q3 profits decline to KWD 1.5m
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 …
Financial Results
Markaz posted a decline of 10.3% in profits to KWD 2.62 million in H1-18
1 August 2018 03:58 PM Markaz logs KWD 3m profit in H1
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 …
Financial Results
The dividends will be distributed on 3 April
14 March 2018 03:46 PM Markaz to pay 7% dividends for FY17
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 …
Cash Dividends
The board members recommended a cash dividend of 7%
7 February 2018 09:52 AM Markaz FY17 profits up 10%, incurs losses in Q4
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 …
Cash Dividends
This decision was effective starting from 2 January 2018
8 January 2018 11:29 AM Markaz no longer owns MHI Holding as subsidiary
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 …
Companies Investments
The acquisition totalled KWD 17.01 million
2 January 2018 03:18 PM Markaz unit buys 29.5% in HEISCO
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 …
Mergers and Acquisitions
The premium price for this auction will be KWD 0.320 per share
17 December 2017 05:06 PM HEISCO to offer 29.5% of capital for sale end December
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 …
Insider Trading & Treasury Stocks
Markaz has a capital of KWD 48.08 million
14 December 2017 03:49 PM Boursa Kuwait nods to Markaz KWD 2.7m private deal
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 …
Companies Investments
Earnings shrank to KWD 720,000 ($3.38 million) in Q2-17
30 July 2017 10:03 AM Markaz Q2 profits drop 52%
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 …
Financial Results
Photo Credit: Arabianeye-Reuters
14 May 2017 09:28 AM Markaz turns profitable in Q1
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 …
Financial Results
Photo Credit: Arabianeye-Reuters
19 April 2017 00:13 PM Markaz shareholders nod to FY16 dividends
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 …
Corporate Actions
Both companies’ OGMs will also approve the financial statements for fiscal year 2016 - (Photo Credit: Arabianeye-Reuters)
5 April 2017 04:02 PM Markaz, Tamdeen post OGM dates
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 …
Cash Dividends