NCB Capital and Gulf International Bank Top Middle East 20
NCB Capital, the asset management arm of Saudi Arabia’s National Commercial Bank, retains its position at the top of the Middle East 20, Institutional Investor’s exclusive ranking of the region’s largest investment managers.
NCB Capital had $15.2 billion in assets under management at the end of June 2015, putting it comfortably ahead of the second-place firm, Bahrain-based Gulf International Bank, with $12.8 billion. Bahrain-based alternatives specialist Investcorp Bank, Dubai-based private equity firm Abraaj Group and Riyadh-based Jadwa Investment round out the top five.
The Middle East 20 collective manage $87.9 billion in assets. Saudi Arabia and the United Arab Emirates each have five institutions in the ranking, followed by Kuwait with three; Bahrain, Egypt and Qatar with two each, and Oman with one.
Click on Middle East’s Top 20 Money Managers in the navigation table on the right to view the full list. Subscribers can access additional data, including breakdowns of the firms’ portfolio by asset classes.
For information on how this ranking was compiled, click on Methodology.
Methodology
Institutional Investor’s ranking of the Middle East 20 identifies the region’s largest fund managers by assets. New York-based Senior Research Editor Jane B. Kenney compiled the ranking from a variety of sources, including questionnaires filled out by the institutions themselves. II refined these data through follow-up emails and telephone calls. When official data were unavailable, II obtained figures from websites and other public sources. Figures are as of June 30, 2015; values were converted into dollars using exchange rates prevailing on that date.