Gulf Bank, Markaz enter into distribution deal

Markaz and Gulf Bank have signed a distribution agreement by which Gulf Bank will act as a selling agent of Markaz investment funds through its priority banking network located in selected branches throughout the country. The agreement will commence with the marketing of two investment products – Markaz Real Estate Fund (MREF) and Markaz Fund for Excellent Yields – to Gulf Bank's priority banking clients. MREF is an income generating, Shari'ah-compliant fund that invests in real estate properties in Kuwait.