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14/03/2018 12:42 AST
NBK Capital won a prestigious award by the MENA Fund Manager magazine. The renowned magazine focuses in depth analysis of MENA fund management trends. The award was announced during the Annual Mena Fund Manager Performance Awards ceremony that was held in Dubai.
For the second year in a row, the award, "Best 3-Year Performance for GCC Equity fund with assets below USD 75 Million" was given to NBK Gulf Equity Fund. The fund seeks in investing primarily in GCC equities and it has an active strategic approach in diversifying its investment, optimizing long-term returns, and reducing downside risks that exist within the GCC equity markets. It is one of four funds that are managed by NBK Capital, the other three being NBK Qatar Equity Fund, NBK Kuwait Equity Fund, and NBK Gulf Equity Investment Fund.
Dr. Husayn Shahrur, NBK Capital's Managing Director of Regional (MENA) Asset Management, said: "this continual success by NBK Gulf Equity Fund is a testament of the high efficiency of its team as well as the successful strategy it follows; one that focuses on meticulous studying of equities and their potential long-term returns". He added that NBK Capital is pleased to add this award to its collection of similar accolades of excellence previously received and represents a landmark in NBK Capital's journey of continuous growth as well as evidence of the effectiveness of the approach that is followed by the company towards achieving the highest levels possible of service and performance.
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