Kuwait: Kuwait Financial Centre “Markaz” participated in the second edition of the MoneyTech Summit as a “strategic partner”, reinforcing its position as a leading provider of innovative investment solutions that serve its growing client base . Organized by Al-Jarida Summits on 12 November 2023 at the Grand Hyatt Hotel in Kuwait City, the event brought together renowned experts from the fintech, banking, telecommunications, and other related industries.

Building on last year’s success, the various sessions throughout the Summit explored the latest technology-driven trends in the financial sector, including digital banking innovations, the impact of artificial intelligence (AI) on Kuwait’s financial services sector, and the intricacies of Shari’ah-compliant fintech solutions.

Commenting on Markaz’s participation as a strategic sponsor, Mr. Abdullatif W. Al-Nusif, Managing Director, Wealth Management and Business Development at Markaz, said: “Supporting the MoneyTech summit for the second consecutive year stems from Markaz’s commitment to raising awareness of emerging trends and nurturing innovation in Kuwait’s financial sector. This sponsorship also enforces our key CSR pillars of building human capacity, aligning the business environment with sustainable development principles, and promoting good governance in the business environment.”

“As the fields of technology and finance continue to converge, our aim at Markaz is to play an active role in initiatives that shed light on the latest market developments and showcase the opportunities in the ever-evolving financial technology landscape, in order to empower clients and investors to make informed investment decisions by leveraging the knowledge shared.”  Al-Nusif added.

The Summit provided a platform for thought leaders, innovators, and industry experts to share their insights and foster partnerships to shape the future of fintech locally, regionally, and on a global scale.

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About Kuwait Financial Centre “Markaz”

Established in 1974, Kuwait Financial Centre K.P.S.C “Markaz” is one of the leading asset management and investment banking institutions in the MENA region with total assets under management of over KD 1.16 billion as of 30 September 2023 (USD 3.75 billion). Markaz was listed on the Boursa Kuwait in 1997. Over the years, Markaz has pioneered innovation through the creation of new investment channels. These channels enjoy unique characteristics and helped Markaz widen investors’ horizons. Examples include Mumtaz (the first domestic mutual fund), MREF (the first real estate investment fund in Kuwait), Forsa Financial Fund (the first and only options market maker in the GCC since 2005), and the GCC Momentum Fund (the first passive fund of its kind in Kuwait and across GCC that follows the momentum methodology), all conceptualized, established, and managed by Markaz.

For further information, please contact:

  • Sondos S. Saad
  • Media & Communications Department
  • Kuwait Financial Centre K.P.S.C. "Markaz"
  • Email: ssaad@markaz.com