Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking and Investments


Dubai, November 7, 2017:  Al Mal Capital PSC (AMC), a subsidiary of Dubai Investments PJSC and a diversified, multi-line investment institution licensed and regulated by the Central Bank of the UAE, has signed a partnership agreement with Azimut Group to jointly launch a Middle Eastern equity fund. 

The Fund will be established by AZ Fund Management S.A., Azimut Luxembourg fund management company within its UCITS umbrella fund. The Fund will integrate the distinctive investment advisory capabilities of AMC with the Group's global portfolio management team, comprising more than 100 professionals across its international network. The Fund will be branded AZ Fund Al Mal MENA Equity to reflect the strategic partnership between the two companies. Azimut will add the Fund to its global franchise, including third parties' distribution channels.

The strategic cooperation signed by the two companies also includes joint marketing initiatives to cater the demand from the respective commercial franchises; access to Azimut's existing range of investment capabilities for regional investors through AMC's wealth management platform.

Naser Nabulsi, Vice Chairman and CEO of Al Mal Capital, said: “The partnership with Azimut is a major milestone for Al Mal Asset Management growth strategy. With more than USD 50 billion in Assets Under Management, Azimut is one of the largest and fastest growing Asset Managers in Europe and we are very pleased to have them as a partner. Thanks to Azimut UCITS umbrella platform and their global distribution footprint, Al Mal's highly successful MENA equity strategy will now be accessible to institutional and private investors around the world”.

Sergio Albarelli, CEO of Azimut Holding, comments: 'The strategic partnership with Al Mal Capital is a key step forward in our strategy across the MENA region which also aims to leverage our presence in the Dubai International Financial Center (DIFC) through AZ New Horizon, our local integrated financial advisory platform. The new Fund will complement our regional expertise centered on AZ Fund Global Sukuk, which is today one of the largest Shariah compliant UCITS funds investing in the asset class. This partnership fosters Azimut's commitment in strengthening its global investment management platform, including strategic product partnerships for specialized regional strategies, as well as the Group's continuous investment towards active management to generate value for clients versus passively managed portfolio.'

AMC is one of the largest independent asset management companies in the United Arab Emirates and since 2005 manages Middle East and UAE focused stocks portfolios with AUM of USD 250 million currently, through onshore funds and mandates for local investors.

The AL MAL MENA Market Equity Fund generated returns of +14.82% year to date, or +13.90% above the benchmark (S&P Pan Arab large Cap Index). AMC investment process primarily follows a high conviction deep research approach, maintaining a 3 to 5 years' investment horizon and focusing on business performance, effective capital allocation and management quality. The process is also combined with thorough top down macro analysis enabling a unique coverage of the portfolio varied geographic exposure.

Posted by : GoDubai Editorial Team
Viewed 4758 times
Posted on : Tuesday, November 7, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Strong UPS Execution Drives Positive 3Q Results
Next Story : Al Naboodah Group Enterprises Kicks Off Sustainability Week
Email this article Print this article

Share this article with your friends and followers


Back to Top  
Most Viewed Press Release posted in the last 7 days
Filorga Launches Lift Range
Top Perfume Picks for Mother's Day @ Glambeaute.com
The Sheet Mask Trend
Nissan's e-POWER technology wins environmental award
Max launches its Inaugural Abaya Collection
It's Mother's Day!
Mother's Day Offer from Blush N Curls Salon
The Global Sensation UFO Lands in Europe at Cosmoprof 2018
Al-Futtaim Honda launches 10th generation Honda Accord
LULU Organic Food Activation
Drink yourself to looking younger with Skinade
Discover the MISA Cho Gong Jin Oriental and Herbal Skincare Range from Missha
The V-Tox Facial by Linda Meredith Skincare
An Open Secret - The new Flying Regulator Open Gear provides deep insights
Corporate Power Dressing redefined at Kachins Signature
UAE Jiu-jitsu Federation® Conducted the Official Weigh-ins of Abu Dhabi Grand Sl...
The only line you'll love in your face – your perfect jawline!
Reading Champions Declared at 10th Emirates Airline Festival of Literature
OMEGA Launches its NATO Strap “Pop-Up Boutique” in Paris
A Meet & Greet with the Pakistani Cricket Sensation Umar Akmal
GMC sets a new GUINNESS WORLD RECORDS title in partnership with Abu Dhabi Police
Cadillac Alghanim kicks off world-class opportunity in Kuwait
Own your pores like a Bioré Princess!
Milan-san Remo a Dream Target as Uae Team Emirates Announce Super-seven Line Up
ba&sh's Spring-Summer collection 2018
Raymond Weil introduces the Maestro Blues
The Dubai Mall unveils Fashion Avenue; the region's most prestigious luxury des...
Awqaf and Minors Affairs Foundation Attracts 1200 Emirati Job Seekers at Careers...
Beyond Beauty partners with Platinum Records to position teen sensation Hala Al ...
The Spring Summer 18 Womenswear Collection
GUESS Unveils the Kids Spring 2018 Collection and Campaign
UAE's first ICU Symposium attracts over 150 of GCCs top healthcare professionals
Sanofi introduces innovative therapy to help address high unmet medical needs of...
Velvet Caviar meets Roger Dubuis Diva power
10th Emirates Airline Festival of Literature Ends with a Bang!
Join the UAEs first Women's Warrior Challenge.
PCFC, GDRFA conclude Successful Marriage program ahead of 7th Mass Wedding
Alexey Firsov Solo Exhibition
SOUQ welcomes 3M's innovative products to serve everyday customer needs
ISNR Abu Dhabi 2018 closes on a high note, attracts record numbers of exhibitors...
Agreement signed in the presence of His Highness Sheikh Mohammed Bin Zayed Al Na...
Dubai ranked amongst the world's top destinations for FDI in the real estate market
Centrepoint Partners With Anghami To Launch New Talent Sessions
Business of beauty goes green at Beautyworld Middle East 2018 as Natural & Organ...
From Jade to Diamond
Munich Airport to develop unique, future-focused innovation campus
Matar Al Habsi wins AED 1 million Fazza Championship for Youlah
10 Must-see Activities at Dubai International Horse Fair This Week