DMCC’s Ahmed Bin Sulayem named as a “Rising Star” in MENA FM’s 2012 Power 50 list

The Dubai Multi Commodities Centre (DMCC), the licensing authority for the Jumeirah Lakes Tower (JLT) Free Zone, is pleased to announce that its Executive Chairman, Ahmed Bin Sulayem, has been named as one of the “Rising Stars” in MENA Fund Manager (MENA FM) 2012 Power 50. 

MENA FM’s third annual Power 50 identifies the top-performing individuals across the Middle East and North African fund industry. The “Rising Star” category recognises six young performers within the industry as ones to watch in the year ahead. 

Ahmed Bin Sulayem, Executive Chairman of DMCC commented: "To have been named in Power 50 as a Rising Star is a proud moment for me and a direct result of DMCC’s success. We have worked hard over the last ten years to build DMCC into the regional leader in commodities trade and provider of a unique commodity focused ecosystem. I am particularly proud of the DSAM Kauthar range of Shariah-compliant hedge funds that have won many awards for innovation. In particular I would like to thank my team, many of whom who do not receive public recognition of their efforts for helping me accomplish these extraordinary achievements.” 

The Kauthar Gold Fund has seen an average annual return of 30% since inception in January 2009 and has been awarded the MENA FM Award for “Outstanding Performance & Innovation” for three years running. The Fund is part of DSAM’s Shariah-compliant Kauthar Commodity Fund. DSAM is a joint-venture between the Dubai Commodities Asset Management, the asset management division of the Dubai Multi Commodities Centre, and Shariah Capital, the leading US-based Shariah financial advisor and consultant. 

The nominations for the Power 50 were determined by a survey of the magazine’s readership and interviews with key figures in the fund management space. A shortlist of 50 names was then confirmed by a judging panel of MENA fund industry experts. 

MENA FM is the only magazine dedicated to providing a cutting-edge insight to the MENA fund management space. Each issue includes exclusive news, performance data, investor profiles, industry comment and topical articles, read by fund managers, investors and service providers across the world.