NCB Capital Retains Top Spot on the Middle East 20
For a second consecutive year NCB Capital, the asset management arm of Saudi Arabia’s National Commercial Bank, is No. 1 on the Middle East 20, Institutional Investor’s exclusive annual ranking of the region’s largest money managers. The Riyadh-based firm’s total surged approximately 27 percent, from $12.4 billion to $15.7 billion, in the year through June.
Bahrain’s Investcorp Bank repeats in second place, with $11.4 billion in assets — an increase of roughly 9 percent over last year’s total — followed by Dubai-based Abraaj Group in third. The AUM of the latter entity, which is the region’s largest private equity firm, is roughly the same as in 2013: $7.5 billion.
Saudi Arabia’s Jadwa Investment jumps from No. 7 to No. 4 after increasing its total by about 44 percent, from $3.6 billion to $5.2 billion.
All told, assets under management at the region’s largest money managers gained 22.6 percent over the period, to $78.1 billion.
Click on Middle East’s Top 20 Money Managers in the navigation table at right to view the full list. Subscribers can access additional data, including details on the firms’ portfolio mixes.
For information on how this ranking was compiled, click on Methodology.
How This Ranking Was Compiled
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, 2014; values were converted into dollars using exchange rates prevailing on that date.