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SHUAA Capital Awarded Best Institutional Asset Manager
(18 January 2011)


SHUAA Capital, the leading financial services institution in the GCC, today announces that it has been awarded ‘Best Institutional Asset Manager in the United Arab Emirates 2010’ at EMEA Finance magazine’s annual Middle East Banking Awards.

Mr. Sameer Al Ansari, Chief Executive Officer of SHUAA Capital commented: “This award recognizes an outstanding achievement in a difficult economic environment and reflects the structured and disciplined approach the team takes to investment. Importantly, our strong performance is increasingly attracting fund flows from both regional and international investors.”

SHUAA Asset Management’s three flagship funds, the Arab Gateway Fund (AGF), the Emirates Gateway Fund (EGF) and Saudi Gateway Fund (SGF), all outperformed their respective benchmarks in 2010. AGF ranked as the top performing fund in the MENA region for 2010 in its investment category, recording a gain of 19.41% versus 11.35% for the S&P Pan Arab Composite Index. The SGF also posted a gain of 10.77% versus 8.09% for the benchmark while the EGF outperformed its benchmark by 5.25%.

Nadi Bargouti, Head of Asset Management at SHUAA Capital, said: “We have consistently achieved positive returns and have maintained regular communication with our client base to keep them informed and up to date. A fundamental reason for this success is attributed to SHUAA’s strong investment process and disciplined long-term approach, which enables us to offer our clients consistent outperformance. We remain focused on investing in attractively undervalued companies and believe that the MENA market fundamentals remain strong, with low debt to equity ratios and attractive dividend yields in the long term.”

SHUAA Asset Management aims to continue to outperform and exploit market inefficiencies across the region while increasing their assets under management. Nadi concluded by saying “we want to become the wealth manager of choice which we will try and achieve through a diversified range of products and services, superior levels of customer service and, of course, continued market leading performance.” 

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