Dubai - 07 March 2010: SHUAA Capital, the leading financial services institution in the GCC, today announces the appointment of Nadi Bargouti as Head of Asset Management. Mr. Bargouti joins SHUAA from Samba Capital in Riyadh where he held the position of Head of Asset Management.

Sameer Al Ansari, Chief Executive Officer of SHUAA Capital, said: 

"SHUAA's asset management division is at the heart of our fee generating businesses, with an on-ground presence in the United Arab Emirates and the Kingdom of Saudi Arabia. Having worked in the UAE and Saudi Arabia, Nadi brings over 10 years of solid asset management experience to SHUAA. He has managed 26 funds as well as a number of discretionary portfolios for institutions and high net worth individuals. This senior appointment emphasizes our sincere desire to service the growing needs of local, regional and international investors. Under Nadi's leadership, we look forward to expanding SHUAA's asset management business which is well positioned for future growth."

Nadi Bargouti, Head of Asset Management of SHUAA Capital, added:

"SHUAA Asset Management has the longest fund track record in the region and a strong investment management team. My focus will be on growing and strengthening the asset management platform and taking advantage of the significant opportunities across regional markets."

Having always been on the buy side, Mr. Bargouti started off as a fund of funds analyst before moving into portfolio management.  He gained portfolio management experience in the UAE where he worked for Amanah which is a private company owned by a member of the Abu Dhabi Royal Family. Mr. Bargouti has also managed US$ 1.5 billion at the Saudi Investment Bank and US$ 3.5 billion at Integra Capital Management. Most recently at Samba Capital, he managed in excess of US$8.5 billion in asset under management.

In addition, Mr. Bargouti has been responsible for the management of government discretionary portfolio's and structuring several mutual funds across global markets and the GCC raising US$ 2 billion.  His expertise also includes structuring an array of Shari'a compliant funds, including a US$ 2 billion infrastructure fund.

Mr. Bargouti graduated with distinction from McMaster University in Canada, with an Honours Bachelor of Commerce (Majoring in Finance).  He was a recipient of the McMaster University Senate Award and is a CFA chartereholder.

-Ends-

About SHUAA Capital psc:
www.shuaacapital.com
SHUAA Capital psc maintains a leadership position in Investment Banking, Asset Management, Brokerage, Private Equity, Finance, and Research. Headquartered in Dubai, in the United Arab Emirates, SHUAA Capital has a regional presence with offices in Abu Dhabi, Riyadh, Doha, Cairo, and Beirut.

Embedded in the dynamic economic environment of the Gulf Cooperation Council (GCC), SHUAA Capital provides a broad range of financial services to corporations, governments, institutional clients, and high net worth individuals.

Since 1979, SHUAA Capital has played a prominent role in shaping the financial services landscape of the GCC and will continue to be at the vanguard of regional integration into global financial markets.

For further information contact:
Oliver  C.  Schutzmann      
Chief Communications Officer
SHUAA CAPITAL psc
Level 2, West Wing, The Gate Building
Dubai International Financial Center
P.O. Box 31045, Dubai - UAE
Tel: +971 4 3199 872
Fax: +971 4 3303 550
Mob: +971 506405722
oschutzmann@shuaacapital.com
 
Tarek S. Fleihan                                    
Senior Associate - Investor Relations & Corporate Communications
SHUAA CAPITAL psc
Level 2, West Wing, The Gate Building
Dubai International Financial Center
P.O. Box 31045, Dubai - UAE
Tel: +971 4 3199 874
Fax: +971 4 3303 550
Pager: +971507080571
tfleihan@shuaacapital.com  

© Press Release 2010