NBK Gulf Equity Fund awarded Lipper's 'Best worldwide Gulf investment performance'

Lipper in cooperation with Dubai International Financial Centre organized a fund award ceremony in Dubai during which a trophy was presented to NBK's Head of MENA Investment Services, Ali Taqi.

Lipper, a wholly owned subsidiary of Reuters, is a leading global provider of mutual fund research and analysis over the past 3 decades. Today, Lipper tracks more than 150,000 funds in 21 countries and assesses these funds in terms of performance, risk and management quality.

NBK's Group General Manager for Investment Services and Treasury, Salah Al Fulaij said that he was extremely pleased to learn that NBK Gulf Equity Fund has been granted this prestigious award which recognizes NBK's outstanding performance and leadership in providing high quality investment products. He added that this award speaks of the distinctive and high-caliber team of investment professionals at the bank.

NBK's Gulf Equity Fund seeks long-term capital appreciation by investing primarily in the equity markets of the GCC countries. Optimization of long-term returns is achieved through a dynamic asset allocation strategy. The NBK Gulf Equity Fund's return since inception exceeds 7%, while GCC markets plunged some 22%.