Kuwait, 22 March 2023: NBK Capital has been named the Kuwait Asset Manager of the Year 2022 winner by Global Investor Group’s MENA Awards. The Global Investor 2022 MENA Awards recognize excellence by wealth managers, asset managers and brokers on both a national and regional basis. The 2022 MENA Awards opened on 5 October 2022 and saw firms across the region submit their entries for a chance to win an award across 17 regional and 24 country categories.
On this occasion, Shadi Khadder, the Managing Director of MENA Asset Management at NBK Capital said, “We are proud of this recognition and the clear testament it holds for our team’s great abilities, it reinforces again our position as the leader in Kuwait and one of the best asset managers in the Gulf region. It also reflects the success of our investment philosophy that focuses on capital growth and sound investment strategies. Winning this prestigious award is an additional evidence of the team’s professional experience, proven track record over more than 14 years, and the strong performance of our investment products and solutions.”
Khadder added, “NBK Capital’s leading industry position comes as a result of its relentless pursuit of developing innovative solutions that cater to our clients’ needs and strong focus on achieving rewarding returns in the long-run.”
Khadder concluded his statement by thanking the Asset Management team, whose efforts and hard work have resulted in distinguished results culminated in winning the prestigious award Global Investor Group.
Luke Jeffs, Global Investor Managing Editor said: “NBK Capital has established itself as one of the most performant asset managers in Kuwait and the Middle East region more broadly. NBK Capital’s Kuwait Equity Fund draws on inhouse research to ensure market-leading performance.”
NBK Capital is a leading asset manager in the region, having more than US$7.8 billion assets under management locally, regionally and globally, as of 31 December 2022 it has professional investment teams located in Kuwait and several other markets in the GCC.