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Markaz records Total Revenues for Q1 2024 of KD 6.06 million

Markaz (KSE: Markaz, Reuters: MARKZ.KW, Bloomberg: MARKAZ: KK) reported its financial results for the quarter ended 31 March 2024 with Total Revenues of KD 6.06 million, as compared to KD 1.19 million in Q1 2023. Net Profit attributable to shareholders of Markaz was KD 2.77 million for Q1 2024, compared to Net loss of KD 3.18 million in the same period last year.

09/05/2024

World Bank revises Kuwait’s 2024 economic growth upwards

Markaz released its Monthly Market Review report for the month of April 2024. Kuwait and broader GCC markets were pressured by the escalation in geopolitical tensions while corporate earnings and positive economic outlook from World Bank lent some support. Global markets declined for the month as persistent inflation in the U.S. led to concerns about possible delays in interest rate cuts by the U.S. Fed.

05/05/2024

Markaz Releases Study on Implications of New Anti-Monopoly Legislation

In keeping with its commitment to empowering investors with vital perspectives and market insights for informed decision-making, Markaz released a research paper on the implications of the new Kuwaiti law to tackle the monopolization of residential land.

22/04/2024

Markaz underscores the importance of corporate social responsibility and continues supporting humanitarian aid for refugees

Reaffirming its keenness to give back to the community, Markaz has recently participated at a roundtable discussion and event under the title “Islamic Philanthropy Humanitarian Response to Forced Displacement Crises,” organized by the United Nations High Commissioner for Refugees (UNHCR) in partnership with Zakat House, and held under the auspices and with the attendance of H.E Ambassador Hamad AlMeshan, Assistant Foreign Minister for Development and International Cooperation, in addition to the participation of renowned Kuwaiti NGOs and UNHCR supporters.

18/04/2024