17 April 2013
MUSCAT -- Oman Al Arabi Fund, an open ended equity mutual fund, managed by the Investment Management Group at Oman Arab Bank (OAB-IMG) has won the prestigious 'Best Regional Investment Fund' award from the Banker Middle East Product Awards 2013.
Banker Middle East Product Awards recognise excellence and innovation in financial products throughout the region. The winners are chosen by registered readers of CPI Financials (publisher of Banker magazine) portfolio of magazines and websites. The awards are recognition of leadership in the investment management arena and are true testimony to the Fund Managers efforts over the last year.
Abdul Kader Askalan, CEO of Oman Arab Bank received the award and commented, "OAB-IMG has been at the forefront for the past 14 years. The award is recognition of our distinguish team efforts and sound investment philosophy which has delivered consistently across market cycles." He added "We have a highly committed approach to investing with the primary focus at managing risk".
He also said "The Oman Al Arabi Fund is invested in major listed companies with consistent policy of dividend, sound business model and are at the right phase of growth. We are pleased that our sound investment philosophy and consistent performance has been appreciated."
The Oman Al Arabi Fund offers exposure to the listed equity in Oman coupled with opportunistic positions in other GCC and Arab countries. The prime focus of the Fund remains Oman where the Fund will have at least 50 per cent exposure to the equities listed on the MSM. The fund offers weekly subscription and redemption as well as valuation.
Investment Management Group is the comprehensive investment banking arm of OAB with nearly $650million of assets under management (including custody). Apart from asset management, the Group offers a diverse range of services like brokerage, research, private banking, corporate finance and advisory as well as custody services.
MUSCAT -- Oman Al Arabi Fund, an open ended equity mutual fund, managed by the Investment Management Group at Oman Arab Bank (OAB-IMG) has won the prestigious 'Best Regional Investment Fund' award from the Banker Middle East Product Awards 2013.
Banker Middle East Product Awards recognise excellence and innovation in financial products throughout the region. The winners are chosen by registered readers of CPI Financials (publisher of Banker magazine) portfolio of magazines and websites. The awards are recognition of leadership in the investment management arena and are true testimony to the Fund Managers efforts over the last year.
Abdul Kader Askalan, CEO of Oman Arab Bank received the award and commented, "OAB-IMG has been at the forefront for the past 14 years. The award is recognition of our distinguish team efforts and sound investment philosophy which has delivered consistently across market cycles." He added "We have a highly committed approach to investing with the primary focus at managing risk".
He also said "The Oman Al Arabi Fund is invested in major listed companies with consistent policy of dividend, sound business model and are at the right phase of growth. We are pleased that our sound investment philosophy and consistent performance has been appreciated."
The Oman Al Arabi Fund offers exposure to the listed equity in Oman coupled with opportunistic positions in other GCC and Arab countries. The prime focus of the Fund remains Oman where the Fund will have at least 50 per cent exposure to the equities listed on the MSM. The fund offers weekly subscription and redemption as well as valuation.
Investment Management Group is the comprehensive investment banking arm of OAB with nearly $650million of assets under management (including custody). Apart from asset management, the Group offers a diverse range of services like brokerage, research, private banking, corporate finance and advisory as well as custody services.
© Oman Daily Observer 2013
