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Thursday, December 3 - 2009

SHUAA Asset Management's Arab Islamic Gateway Fund awarded Best MENA Equity Fund 2007

  • United Arab Emirates: Thursday, March 27 - 2008 at 14:25
  • PRESS RELEASE

SHUAA Asset Management, a division of SHUAA Capital, the leading financial services institution in the region, announced that the Arab Islamic Gateway Fund - the Islamic version of its flagship Arab Gateway Fund - was awarded Best MENA Fund 2007 by Failaka Islamic Fund Awards during its third annual award ceremony.

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Established in 1996, Failaka Advisors were the first research organization to monitor advances in the field of Islamic investment funds.

The Arab Islamic Gateway Fund was launched in October 2006 and has returned over 47% during 2007.

The investment objective of the Arab Islamic Gateway Fund is to achieve capital appreciation primarily through investments in equities listed on Arab Stock Markets as per the Shariah principles interpreted by the Shariah Advisors of the fund: London-based Dar al Istithmar.

The Arab Islamic Gateway Fund is open to all GCC, regional and international institutional investors.

Mr. Haissam Arabi, Managing Director of SHUAA Asset Management said:

"We are honored that the Arab Islamic Gateway Fund was awarded Best MENA Equity Fund 2007. Our leadership and regional expertise in conventional funds such as the Arab, Emirates, and Saudi Gateway Funds have been underscored by this Islamic fund award. The recognition shows that our successful investment strategy has also been translated into exceptional performance with our Shariah compliant fund - the Arab Islamic Gateway Fund".


SHUAA Asset Management manages both Conventional and Shariah compliant portfolios and investment funds using both active and passive management styles.

SHUAA Asset Management's unrivalled track record and expertise in managing regional assets enables it to offer tailor made solutions to regional and international investors. SHUAA Asset Management's currently has more than Dhs4.4bn ($1.2bn) in assets under management.

Mr. Arabi concluded: "The expertise of SHUAA Asset Management's team, which consists of 35 professionals, our successful track record in the GCC and Arab World, and a steadfast investment process have been and will continue to be the key drivers of our fund's performance as well as the discretionary portfolios where we act as advisors".
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Notes and media contacts

About SHUAA Capital psc:

SHUAA Capital psc maintains a leadership position in Investment Banking, Asset Management, Brokerage, Private Equity, Finance, Principal Investments and Research. Headquartered in Dubai, in the United Arab Emirates, SHUAA Capital has a regional presence with offices in Abu Dhabi, Riyadh, Doha, Cairo, Beirut and Istanbul.

Embedded in the dynamic economic environment of the Gulf Cooperation Council (GCC), SHUAA Capital provides a broad range of financial services to corporations, governments, institutional clients, and high net worth individuals.

Since 1979, SHUAA Capital has played a prominent role in shaping the financial services landscape of the GCC and will continue to be at the vanguard of regional integration into global financial markets.

SHUAA Asset Management, a division of SHUAA Capital, currently sponsors and manages nine investment funds targeting the Arab region. In addition, SHUAA Asset Management also manages nine third party investment funds sponsored by leading regional and international financial institutions.

For further information contact:

Oliver C. Schutzmann
Head of Investor Relations

SHUAA CAPITAL psc
Level 2, West Wing, The Gate Building
Dubai International Financial Center
P.O. Box 31045, Dubai - UAE
Tel: +971 4 3651 872
Fax: +971 4 3303 550
Mob: +971 505442078

Tarek S. Fleihan
Senior Associate - Investor Relations

SHUAA CAPITAL psc
Level 2, West Wing, The Gate Building
Dubai International Financial Center
P.O. Box 31045, Dubai - UAE
Tel: +971 4 3651 874
Fax: +971 4 3303 550
Mob: +971 505198511

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