NCB Capital, Saudi Arabia’s largest investment bank and a leading regional wealth manager, has been named winner in two categories at the second MENA Fund Manager annual performance awards. The bank is Saudi Asset Manager of the year and its AlAhli Saudi Mid Cap fund is the Saudi Equity Fund of the Year.
Hamed Fayez, Head of Asset Management at NCB Capital, said, “We are honoured to have been recognised in this way. Both of these awards are important to us as they reflect the growth of our asset management business over the last year and the solid performance of our funds.”
NCB Capital’s Saudi Mid Cap Fund won the Newcomer Award in last year’s MENA FM awards, proving its strong track record in that sector.
Judging of the MENA FM awards is both qualitative and quantitative utilising an external panel of industry experts in conjunction with the MENA FM editorial team.
NCB Capital’s mutual fund platform is the most diverse of its kind globally and the asset classes that its funds cover include Shariah-compliant money market, Sukuk, equity, fund of funds, and alternative investments such as private equity and real estate. It is one of the region’s largest discretionary portfolio managers.