17.03.2010

Markaz announced its 2009 financial results, reporting a net profit of KD2.54 million, or 6 fils per share, compared to a net loss ofKD18.77 in 2008.

The company has fared well during the crisis due to the Company's healthybalance sheet in terms of quality of assets and low debt-to-equity ratio.Additionally, it has strengthened its market positioning in the region andachieved attractive profits for its shareholders and thus has emerged as a MENAinvestment partner of choice targeted by international institutions.“Markaz” has been selected by a leading European investment provider to actas the Investment Advisor based on its experience in the field and performancetrack record. According to in-house research , “Markaz” manages asignificant market share in the GCC fund management industry; the company movedup a spot to fourth place on the GCC in terms of size of assets managed, andmaintained its market leadership in Kuwait. Additionally, Standard &Poor’s assigned „A“ Ratings for „Mumtaz“ and „Gulf“ Funds whichis a testimonial to the high standards followed in our investment processes andconsistent track record.

Kuwait Financial Centre S.A.K. ‚Markaz‘, with total assets undermanagement of over KD865 million (USD 3.02bn) as of December 31, 2009, wasestablished in 1974 has become one of the leading asset management andinvestment banking institutions in the Arabian Gulf Region. “Markaz” waslisted on the Kuwait Stock Exchange (KSE) in 1997.

For a more detailed outlook on Markaz please go to: http://www.markaz.com/…_Single.aspx?…