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GCC IPOs raise USD 3.6 billion in H1 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 3.6 billion through 23 offerings during the first six months of 2024, marking a year-on-year decline in value by 32% compared to the first half of 2023, where issuers raised USD 5.3 billion through 21 offerings.
15/07/2024
Commercial Bank of Kuwait completes the KWD 100 million subordinated tier 2 bonds program
In its capacity as the issuer, The Commercial Bank of Kuwait (Al-Tijari), and Markaz, the lead manager and subscription agent, announced in a joint statement the completion of the KWD 100 million subordinated Tier 2 capital bonds program after issuing the KWD 50 million second tranche bond with a tenure period of 10 years, callable after 5 years.
10/07/2024
Markaz: Most GCC markets positive in June amid oil price gains
Markaz released its Monthly Market Review report for June 2024. Kuwait’s equity index declined for the month but remains positive on a year-to-date basis. GCC markets were mostly positive, supported by a rise in oil prices. U.S equities were positive for the month amid signs of easing inflation, even as U.S Fed kept rates unchanged during the month.
03/07/2024
Markaz Continues Legacy of Excellence in Global Real Estate Investment
Markaz proudly reaffirms its prominent position as a leader in the international real estate sector. The company has executed over 95 projects worth over USD 2.3 billion since the beginning of its real estate activity spanning various markets and property types in the US and Europe.
30/06/2024
Markaz Report Highlights Opportunities and Challenges in GCC Asset Management
GCC Asset Management industry has improved over the years, driven by positive regulatory reforms and the support from governments, according to a report published by Marmore MENA Intelligence, the research subsidiary of Kuwait Financial Centre “Markaz” titled “GCC Asset Management – A deep dive”.
27/06/2024
Markaz: Brookfield secures the leading transaction in Q1 2024 after announcing plans to acquire UAE-based GEMS Education.
Brookfield Asset Management Limited (Brookfield) leads the top GCC M&A transactions during Q1 2024 as per a report recently issued by the Investment Banking Department at Markaz.
26/06/2024
Markaz Conducts a Series of Awareness Seminars on Combatting Cyberattacks for Employees
Markaz organized a series of awareness seminars for its employees and board of directors on the cyber threat landscape. The educational session, titled "Fraud and Cyberattacks: Detection and Prevention," aimed to raise awareness and empower the attendees to identify and counter any forms of phishing, ransomware, or malware assaults.
24/06/2024
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Markaz's “GCC Momentum Fund” Wins “Best Momentum Fund Innovation” Award from Global Finance
Reinforcing its position as one of the leading asset management and investment banking institutions in the MENA region, 'Markaz' was honored with the prestigious 'Top Innovations in Finance' award under the ‘Best Momentum Fund Innovation’ category at the eleventh edition of “Innovators 2024”.
27/05/2024