NCB Capital, Saudi Arabia’s leading wealth advisor and the Kingdom’s largest asset manager, has been voted best research house in three categories in Euromoney’s annual Middle East research survey for 2011. The bank was also placed in the top three in six other categories, helping it move to second-highest overall amongst all research firms in the region.
NCB Capital was awarded:
Best Research House in the Cement Sector
Best Research House in the Consumer Goods/Retail Sector
Best Research House in the Food & Agriculture Sector
It was also ranked first in these sectors in 2010. Additionally, it was ranked second in Telecoms and Pharmaceuticals and won third place in General Industries, Oil and Natural Gas, Property & Real Estate and Utilities.
Euromoney's annual Middle East Research survey polls global and regional institutional investors to rate the quality of sell side research covering the Middle Eastern equity and debt markets. Each respondent was asked to nominate the top three firms by sector. This year's survey is Euromoney’s fifth and is seen as a key independent indicator of research effectiveness and quality in the region.
Faysal Badran, Chief Investment Officer at NCB Capital, said, "We have grown our research capabilities strongly and the team has improved its position every year since its inception in 2008. Our clients tell us that market intelligence is essential so we have invested in building a market leading research team.”
The team publishes in-depth analysis of key Tadawul-listed equities and recently published its third annual Saudi Factbook, a comprehensive analysis of the Saudi economy and all of the stocks in the market.
Increasingly, clients are taking greater strategic oversight of their portfolios which is leading to the growth of discretionary portfolio management as they work with their advisors to construct the right mix of assets. Thoughtful, in-depth equity research is a fundamental building block of strategic investment decisions in this growing market.
Mr Badran concluded, “Our success is based on our commitment to a high quality research product, our on-the-ground presence in Saudi Arabia, as well as the close cooperation between our research and sales organizations. We are very pleased that this focus has been recognized by our client base in the results of the prestigious Euromoney survey."