Kuwait’s leading asset management and investment banking institution, Kuwait Financial Centre (Markaz) has secured the ‘Best Investment Bank in Kuwait’ award for 2022 by Global Finance magazine.
The award marks Markaz’s 11th winning of this prestigious title in 12 years and strengthens its standing as one of the most reliable investment banking institutions due to its consistent performance despite varying market conditions.
Global Finance’s annual Best Investment Banks awards are evaluated by its editors, with input from industry experts. The jury selects the winners based on a proprietary algorithm and extensive criteria that include market share, number and size of deals, service and advice, structuring capabilities, distribution network, efforts to address market conditions, innovation, pricing, after-market performance of underwritings and market reputation.
“We are proud that Markaz has been consecutively recognized by the financial community as a leading service provider locally and regionally in an extremely competitive investment banking landscape. The coveted Global Finance award consolidates our distinguished standing as a well-founded and trustworthy investment banking institution that reports sustained business growth despite operating in a highly cyclical sector, and is a testament to the capabilities of our investment banking experts who have led Markaz from strength to strength.”
The award cements Markaz’s reputation for fostering excellence in investment banking transactions and services spanning equity capital markets and debt capital markets, IPOs, listings, capital structure advisory, restructuring, disposition services, and mergers and acquisitions advisory.
A highly qualified team of investment banking professionals with extensive experience, outstanding technical execution capabilities, and in-depth industry knowledge has become the strong foundation of Markaz’s continued success.
Commenting on the achievement, Mr. Abdulrazzaq T. Razooqi, VP, Investment Banking (Advisory) said, “Our track record enforces our clients’ trust in our investment banking services and encourages us to continue providing innovative solutions tailored to our clients’ needs. This award is the result of Markaz’s successful completion of several transactions across the spectrum of investment banking services it offers in addition to the team’s extensive business development efforts, industry expertise, and professionalism.”
Since its establishment, Markaz has been recognized by dozens of prestigious industry awards. Last year it won several awards including ‘Best Investment Bank’ by Global Finance and ‘Best Investment Bank in Kuwait’, ‘Best Asset Manager in Kuwait’ for the ninth consecutive year, and the ‘Sustainability Award in the Middle East’ at EMEA Finance magazine’s Middle East Banking Awards 2021.