Kuwait Financial Centre (Markaz) announced a net profit of KD5.72 million for the three quarters ending Sept. 30, a net profit of 12 fils per share compared to a net profit of KD2.89 (6 fils per share) during the same period in 2012.

Markaz’s total assets under management (AUM) reach KD1.04 billion, with an increase of 13 percent compared to the AUM as of Sept. 30, 2012.

Markaz chairman, Diraar Y. Alghanim, said: “Kuwait’s GDP is expected to grow by 4.5 percent in 2013 and 5 percent in 2014. Growth will be supported by oil prices and the state’s spending on infrastructure projects in power, water and roads sectors.”