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GCC IPOs raise USD 931 million in Q1 2024

Markaz released its research report titled “Initial Public Offerings (IPO) in the GCC markets”, stating that the region has raised total proceeds of USD 931 million through 9 offerings during the first three months of 2024, marking a year-on-year decline in value by 73% compared to the first quarter of 2023, where issuers raised USD 3.5 billion through 12 offerings.

13/05/2024

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