NCB Capital voted number one in five sectors in Middle East equity research poll

Press release
Published November 26th, 2013 - 04:57 GMT

NCB Capital, the leading provider of wealth management services in the GCC and Saudi Arabia’s largest asset manager, has been voted the Middle East’s number one provider of equity research for five sectors by Euromoney in its annual poll of investors. This is an increase from ranking at number one in three sectors in the 2012 poll. Additionally, it was ranked number one for economic research and second in the other headline category of market strategy. 

The firm was named best research house in five specific sectors: 

• Construction/Cement.

• Consumer Goods/Retail.

• Food & Agriculture.

• Oil/Gas/Chemicals/Petrochemicals.

• Property/Real estate. 

It also ranked in the top three in the other four sectors that the team covers. Overall the firm ranked second, for the third year running. 

Commenting on these results, Tariq Linjawi, Acting CEO of NCB Capital, said, “We are immensely proud to have received such a strong endorsement of the depth of our analysis and insights. We know that these are essential to clients in helping them to make the right investment decisions and they are key components of our role as a trusted advisor.” 

The Euromoney annual poll invites global and regional investors – high net worth individuals and institutions - to rate the quality of research covering the Middle Eastern equity markets by nominating the top three firms by sector, bearing in mind overall performance and accuracy. Now in its seventh year, over 400 investors responded to produce rankings that are seen as a key independent indicator of research effectiveness and quality. 

Over the last five years, NCB Capital has grown its research team under the experienced leadership of Farouk Miah, a consumer retail/food specialist, by adding capabilities in sectors that the firm knows are relevant to its clients in the Kingdom and throughout the region. He added, “Our strong team of experienced analysts is the largest in Saudi Arabia and we have worked hard to grow our presence in the most important sectors that underpin the regional economies. We are delighted that the industry has honoured our achievements in this way and we look forward to continuing to providing our clients with helpful insights.”

Background Information

NCB Capital Company

NCB Capital was founded in 2007 as the investment banking and asset management arm of the National Commercial Bank (over 90% ownership), providing clients with premier solutions of integrated investment services. Today, NCB Capital is the largest Asset Manager in the Kingdom of Saudi Arabia and the largest Sharia compliant Asset Manager globally with over SAR140 billion of assets under management.

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