In recognition of its excellent performance track record, EMEA Finance named Amwal the Best Asset Manager in Qatar in 2011. In its announcement, EMEA Finance noted "we are very impressed with he performance of the firm's funds and the managers' consistent ability to outperform local and regional market indices".
Amwal's CEO George Shehadeh said: "We are very pleased to receive this award which recognises our focus over the last three years on building unmatched asset management capabilities in Qatar. Qatar is one of the fastest growing countries in the region and we are very proud to continue to be at the forefront of our industry in Qatar."
Afa Boran, Managing Director of Asset Management, further stated: "At Amwal we are very focused on delivering consistent performance, and we are very pleased about the recognition of our track record which we have patiently built over the years. With our disciplined approach to fundamental investing our flagship fund (Qatar Gate Fund) outperformed the index by 5.9%, and the closest competitor by 1.1% in the last twelve months to Dec 31st, 2011. The results are much stronger when looked at on a longer term horizon. On a three year basis, our fund outperformed the index by 32% and the closest competitor by 10.4%."
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About Amwal
Founded in 1998 by Sheikha Hanadi Nasser bin Khaled Al Thani and a group of prominent Qatari institutions including Qatar Foundation, Qatar National Bank and Qatar Navigation, Amwal is the first investment firm in Qatar to be licenced by the Qatar Central Bank. Amwal is a leading independent asset management and financial advisory firm serving high net worth individuals, family offices and institutional clients. Amwal launched a number of firsts in Qatar including the first mutual fund, first mezzanine private equity fund and the first money market fund. On the advisory side, transactions Amwal acted as advisor have been awarded deal of the year by Islamic Finance News.
For further information please contact:
Richard Cohill,
Client Relations (Phone: +974 4452 7777)
© Press Release 2012
