Continuing itssuccessful run of prestigious award wins, NCB Capital, the GCC’s leading wealth manager and the Kingdom’s largest asset manager, won two of the most coveted categories at the 4th Annual MENA Fund Managers Performance Awards. The awards were presented at a ceremony held recently in Dubai .
The award for Shariah Compliant Fund of the Year went to AlAhli Mid-Cap Equity Fund, being cited by the judges for delivering consistently excellent risk adjusted returns from the Saudi heavyweights, while AlAhli GCC Growth and Income Fund was honoured with the Newcomer of the Year Award.
Expressing his delight at the two brilliant wins, Faisal Badran, Chief Investment Officer and Head of Asset Management at NCB Capital, said: “These two awards were the most hotly-contested categories in the MENA Fund Managers Performance Awards and our triumph in walking off with them is further recognition of NCB Capital as the most consistently successful wealth manager in the GCC.”
Mr. Badran went on to say: “We are always looking for more to offer our clients and I am especially pleased with the citation for AlAhli GCC Growth and Income Fund as Newcomer of the Year, which stated ‘NCB Capital is first to introduce in market a GCC-focused dividend fund, showing both creativity and innovation combined with excellent returns.’ This is praise indeed from such a highly distinguished panel of judges.”
NCB Capital is the largest investment company in Saudi Arabia with over one million clients. It is one of the world’s largest providers of Shariah-compliant investment products and offers the largest number of mutual funds in the Kingdom, which are rated among the best performing in the industry.
With a proud heritage of pioneering the development and introduction of Islamic mutual funds, NCB Capital Fund Managers are Saudi Arabia’s finest and their expertise at local, regional and global levels is universally recognized, especially in respect of Shariah compliance. They have won numerous awards for Best Funds across various categories and continue to champion the strong growth record of Shariah-compliant investment instruments both in the Kingdom and internationally.