Al Mal Capital PSC, a subsidiary of Dubai Investments and a diversified, multi-line investment institution licensed and regulated by the Central Bank of the UAE, has been named UAE Asset Manager of the Year 2018 at the annual Mena Fund Manager Performance Awards.
The annual event and ceremony, held this year at the Ritz Carlton DIFC, brings together the regional asset management community, recognizing and rewarding those funds and asset managers that have outperformed their peers over the last year while sharing best practice and highlighting opportunities and potential challenges in the MENA region market.
Naser Al Nabulsi, Vice Chairman and CEO, Al Mal Capital, said: “The investment landscape in 2018 was challenging, as most of the asset classes delivered negative returns. However, this award proves that active portfolio management with a skillful team, clear strategies, consistent application of investment policy and processes can outperform in challenging times.
“Our regional markets remain full of alpha opportunities as we see the impact of structural reforms and rotational sector plays. On behalf of Al Mal, I am thankful for all our supporters and clients who have trusted us. We continue to encourage allocators to look at MENA equities as valuations in MENA remain very attractive.”
Established in 2005 and headquartered in Dubai, Al Mal Capital offers a wide range of investment products and services for institutions, banks and high net worth individuals, encompassing Investment Banking, Brokerage and Asset Management.