Five Emirati companies were ranked among the 30 largest asset management companies in the Middle East and North Africa, according to a list issued yesterday by Forbes Middle East magazine, based on the total value of assets managed by each company until December 31, 2020..
The first Emirati company on the list was Shuaa Capital, which ranked sixth on the list, and Jassem Al-Siddiqi is the CEO of Shuaa Capital, while the total value of the assets under management is $ 14 billion..
Emirates NBD Asset Management came in 15th place, and Steve Corinne is its CEO, and it manages assets worth $4.7 billion..
With total assets under management of $2 billion, Abu Dhabi Commercial Bank Asset Management Limited is ranked 22nd, with Mark Fredenthal as Chief Investment Officer..
Al-Mashreq Capital ranked 25th, and Robert Hamm is the CEO and head of its asset management department. The company manages assets with a total value of $1.8 billion, while Waha Capital ranked 28, with assets worth $1.4 billion, and Ahmed Khalifa Al Muhairi is its CEO..
The top five places on the list belonged to the Saudi NCB Capital, which manages assets of $50.4 billion, Bahraini Investcorp, with assets of $35 billion, Riyad Capital, Saudi Arabia, with assets of $18 billion, and Alinma Investments. Saudi Arabia, with assets of $18 billion, and Morocco’s “fulfillment measure” with assets of $14.4 billion.
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