"The reaffirmation of 'AA' rating reflects our extensive investment experience in difficult markets and solid track record. Our focus and priority remains dedicated to ensuring investor confidence during these turbulent times. Now more than ever, it is vital for companies to adopt stringent investment policies, and risk management framework to protect the investors."
stated Ibrahim Masood, Director & Senior Investments Officer, Mashreq Asset Management.
Earlier this year, in an effort to bring international standards to the regional industry, Mashreq moved the MATF fund to Daily Dealing from twice weekly Dealing. The move highlighted the firms' on-going commitment to provide its investors with greater flexibility and convenience in managing their investments during these volatile times.
"The MENA region remains a dynamic market to operate in with attractive valuations and we believe that year 2009 will be a period of recovery. Regional policy makers are implementing positive impact policies which would ensure that local economies do not experience a severe contraction", concluded Ahmed.
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