NBK Capital Wins Three Prestigious Awards

Kuwait: March 8, 2017

Watani Investment Co. K.S.C.C. (“NBK Capital”) won three prestigious awards by the MENA Fund Manager magazine. The renowned magazine focuses on in-depth analysis of MENA fund management trends. The three awards were announced during the Annual MENA Fund Manager Performance Awards ceremony that was held in Dubai.

The first award, “Best 3-Year Performance for GCC Equity fund with assets above USD 30 Million” was given to NBK Gulf Equity Fund.  The fund seeks 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”.

The second award, “Best Kuwait Equity” Award, went to NBK Kuwait Equity Fund, which seeks long-term capital appreciation by investing primarily in Kuwaiti domiciled, KSE-listed equities.

Mr. Nabil Maroof, Deputy CEO of NBK Capital, highlighted “this high-caliber performance by Kuwait Equity Fund is a further evidence of the fund’s successful strategy that is based on thorough studying of the market and an intensive analysis thereof by conducting field visits to the targeted companies with the aim of having a deeper understanding of their respective strategies. Additionally, the Fund utilizes advanced risk management systems in order to avoid high-risk equities.”

Mr. Maroof applauded Kuwait Equity Fund’s management and its team, pointing out that its successful strategy echoes NBK Capital’s strategy that always seeks to provide its clients with the best services and products.

The third award crowned NBK Capital as the Best Asset Manager in Kuwait for 2017.

Mr. Faisal Al-Hamad, NBK Capital’s Chief Executive Officer (CEO), concluded: “winning such prominent awards celebrates our achievements 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.”