Capital Management House ("CMH"), the Bahrain based investment bank, has been awarded the Best GCC Private Equity Firm 2010 by World Finance, the influential global business publication. CMH received the award at a presentation held at the London Stock Exchange in the UK.
World Finance devised the award to create recognition for the investors, developers and personalities who are driving the ambition and success of the GCC and wider Middle East region. CMH's award as Best GCC Private Equity Company 2010 was based on its commitment to long term, innovative investment into important strategic economic and social projects that will bring significant economic, financial and quality of life value to states and communities across the GCC and Middle East. The award was judged on a wide range of criteria including innovation and originality, project management, market leadership, progression, transparency and good governance.
Speaking about the achievement, Khalid M. Najibi, Managing Director and CEO of CMH, said, "It is a great honour to have been awarded Best GCC Private Equity Company 2010 by World Finance. It is a testament to the values of CMH which have guided our efforts in creating an investment business based on innovation, good governance and high levels of client service. Our investments are targeted at those opportunities where we see not only financial returns for our investments but also the potential to create economic and social value. We look forward to address the challenges and to strengthen the position of CMH as a leader in the development of the Islamic private equity sector in the region in the years to come."
Mohamed Ali Aljasim, Chief Investment Officer of CMH, added, "It was a great pleasure to receive this prestigious award from World Finance at the London Stock Exchange. It is recognition of our dedication to investments that will make a difference. Our Libya Fund is a clear example of how we approach investment opportunities. The fund was set up to invest in the significant opportunities of Libya as it increasingly opens its markets to the world and have successfully created an oil services business with emphasis in oil drilling. Over time, CMH will continue to invest in other growth sectors that are economically attractive and viable. CMH is also an active investor in the infrastructure needs of the GCC region, which needs significant investment to support the development of its economies. Earlier this year, CMH structured an innovative deal to enable our institutional clients to invest in the long term potential of the power production and water desalination in Bahrain, in the form of the $2.1 billion Al Dur power and water desalination mega plant, one of the region's biggest projects currently. CMH have a range of investment opportunities in process at the moment, including a regional shipping deal, and intend to continue to broaden the range of investment products and services we offer to our clients."