EGYPT: September 26, 2016
National Bank of Kuwait, Egypt Islamic equity fund, managed by NBK Capital Asset Management Egypt, have received an excellence award from Thomson Reuters
Watani Investment Company KSCC (“NBK Capital”) is pleased to announce that National Bank of Kuwait, Egypt Islamic Equity Fund–Al Hayah, managed by NBK Capital Asset Management Egypt, have received the Lipper Fund Award 2016 for being a top performer in its ‘Equity Egypt’ class over five years. The Lipper Fund Awards program honors funds that have excelled in delivering consistently strong risk adjusted performance, relative to their peers in the industry.
It is also worth mentioning that this is the second award for Islamic Equity Fund–AlHayah as it received the Lipper Fund Award 2014 for being a top performer in its ‘Equity Egypt’ class over three years.
NBK Capital Asset Management Egypt is pleased to add this award to its collection of similar accolades of excellence previously received. Jointly owned by NBK Capital and The National Bank of Kuwait – Egypt, the company currently manages four funds in Egypt: money market, balanced, equity and Islamic equity, in addition to separately managed portfolios.
It is worth mentioning that NBK-Egypt (previously Al Watany Bank of Egypt, established in 1980) is a member of National Bank of Kuwait Group. The Bank has a network of 41 branches situated at strategic locations within the various Egyptian governorates and cities including Cairo, Giza, Alexandria, Delta, Sinai, and the Red Sea as well as in industrial areas such as Sixth of October and Tenth of Ramadan cities.