Kuwait: January 3, 2017
Watani Investment Company K.S.C.C (NBK Capital) won the “MENA Equities Manager of the year 2016” award from Global Investor Middle East magazine, a specialized magazine that evaluates investment and financial institutions. The prize is Awarded to managers that have excelled in their field and helped raising the standards of the services and products offered to their clients.
The award is based on evaluating a series of fund management standards that are specified by the editorial board members; in addition, to having a survey of experts in the field of investment and asset management. NBK Capital stood out among peers in the region due to its diverse range of investment products and services on offer and innovative adoption of best practices in investment and risk management.
Commenting on this achievement, CEO of NBK Capital, Faisal Al-Hamad, said, “NBK Capital takes pride in continuously being nominated and delivering the highest standards of products and services to our clients and investors.” Mr. Al-Hamad also added, “Year after year, the MENA Asset Management Team has delivered strong performance to our investors. The Team has also succeeded to innovate and offer new investment solutions that best fit our clients’ needs. The next challenge for the team is to deliver an even stronger performance for our equity investors and develop the platform and track record for the newly launched fixed-income line of business.”
Dr. Husayn Shahrur, Executive Director of MENA Asset Management, received the award on behalf of NBK Capital at the annual ceremony held in Dubai. He said that winning this award is a testament to the success of NBK Capital’s investment strategy, which focuses on creating value for its investors and meeting their diverse investment needs. The establishment of a new department to manage fixed-income instruments in the MENA region falls squarely in line with this strategy by expanding the scope of our offerings to cater to our clients’ evolving needs.