Feb 06 2012 |
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Royal Capital wins 'Newcomer Fund of Year Award' from MENA Fund Manager
Abu Dhabi, 6 February, 2012: Royal Capital announced that its MENA Fixed Income Fund won the 'Newcomer Fund of the Year Award' at the 2012 MENA Fund Manager Performance Awards ceremony held at The Address Downtown Hotel in Dubai, UAE.
Commenting on the award, Royal Capital 's Chairman, Mr Mubarak Matar Al Hamiri, said:
"This is the second award that we receive in three months and we are proud of such accomplishments in such challenging financial markets."
Head of Royal Capital 's Business Development, Mr Meshal Al Faras, received the award on behalf of the company during the ceremony, which was attended by approximately 300 of the industry's professionals from across the MENA region.
"The Fund has made major achievements during the past two years and this award confirms the strong performance of our Fixed Income Fund since its inception in March 2010. This is the only MENA Fixed Income Fund that is rated by Standard & Poor's with an 'A' rating in its asset class."
The open-ended Bahrain registered Fund is a US Dollar denominated and offers weekly liquidity.
Royal Capital is a private joint stock company headquartered in Abu Dhabi, UAE. The company was established by prominent investors from across the MENA region; with Abu Dhabi and Kuwait based shareholders Royal Group and KIPCO Group respectively, being the major shareholders. The Company is licensed by the Central Bank of the United Arab Emirates as a Financial Investment Company.
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© Press Release 2012
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