Abu Dhabi, 08 February, 2012: Royal Capital today announced that it was awarded another accolade for its best in class MENA Fixed Income Fund. Royal Capital was presented with '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.
Mr. Mubarak Matar Al Hamiri, Chairman of Royal Capital stated, "This is the second award we received over the last 3 months and we are proud of such accomplishments in these challenging financial markets." Mr. Al Hamiri further added, "Over the last couple of years Royal Capital's MENA Fixed Income Fund has been able to successfully establish itself as one of the best performing funds in its asset class within the region supported by a professional, dedicated and experienced team."
Mr. Meshal Al Faras, Head of Royal Capital's Business Development received the Award on behalf of the company during the ceremony that was attended by approximately 300 of the industry's professionals from across the MENA region in Dubai, UAE. Meshal said, "The Fund has received major achievements during the past 2 years and this Award confirms the strong performance achieved by our Fixed Income Fund since its inception in March 2010. Mr Al Faras also added, "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
