Kuwait Financial Centre (Markaz), one of the leading asset management and investment banking institutions in the region, has announced strategic plans to launch a new equity-focused investment fund and establish its first international branch in the Kingdom of Saudi Arabia.
The move signals a significant growth phase for the firm, which currently has approximately $5.2 billion (KWD 1.61 billion) in assets under management.
New Equity Fund on the Horizon
Deena Al-Rifai, Executive Vice President of Wealth Management and Business Development at Markaz, revealed that the company is exploring the launch of a new fund concentrating on equities.
While still in the preliminary stages, this development indicates Markaz’s intent to expand its product offerings. The company currently manages nine diverse investment funds across both equity and real estate. Further details regarding the new fund’s target markets and launch timeline have not yet been disclosed.
Strategic Expansion into Saudi Arabia
A key component of Markaz’s growth strategy is its expansion into Saudi Arabia. Al-Rifai confirmed that the firm has secured initial approval to open its first official branch outside of Kuwait, with an expected launch in 2026. This move will solidify its presence in one of the region’s largest and most dynamic markets.
Initially, the Saudi branch will be licensed to provide advisory services. However, the company aims to eventually broaden its scope to include portfolio and fund management, leveraging its extensive experience in the investment sector. While Markaz currently operates in 13 countries through representative offices, including in the KSA, UAE, and Lebanon, the Saudi branch will be its first formally established international subsidiary.
About Kuwait Financial Centre (Markaz)
Established in 1974, Kuwait Financial Centre (Markaz) is a prominent asset management and investment banking institution in the Middle East and North Africa (MENA) region. The company was listed on the Boursa Kuwait in 1997. Markaz offers a full suite of financial services in asset management, investment banking, and wealth management.
Source: Jawlah
