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| NCB Capital Wins Four Awards in December - Total of 17 for the year marks all-time high |
| 12/26/2011 |
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NCB Capital, Saudi Arabia's leading wealth manager and the Kingdom's largest asset manager has won four more awards across its businesses in the last few weeks bringing its total in 2011 to 17, an unprecedented achievement.
In the last month it was named Best Asset Manager in Saudi Arabia and Best Fund Manager in the Kingdom, by Islamic Banking and Finance magazine; Best Investment Bank in Saudi Arabia by EMEA Finance; and won Global Investor's award for Shariah-compliant Fund of the Year in the Middle East.
Commenting on these achievements, Jawdat Al Halabi, CEO of NCB Capital, said, "This has been a challenging year in difficult markets, but we have maintained our focus, listening to our clients and developing products and services that meet their evolving requirements. Winning these accolades is a strong vote of confidence in our strategy and the teamwork and capabilities of our people."
NCB Capital has over one million clients and SR44 billion ($11.75 billion) of assets under management (as at October 2010), making it the Kingdom's largest wealth manager. It is a leading securities broker and its investment bankers led the Kingdom's largest M&A deal in 2011 – the groundbreaking SR1.8 billion consolidation of six construction companies into the Saudi Consolidated Contracting Company.
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