NCB Capital equity research wins three Euromoney awards for third year running

Press release

Published November 29th, 2012 - 07:35 GMT

Al Bawaba

In its annual Middle East research survey for 2012, Euromoney, the leading business and financial publication, has voted NCB Capital Equity Research as number one in three sectors and in the top three for seven other sectors.

The first place awards are: Best Research House in the Cement Sector; Best Research House in the Consumer Goods/Retail Sector; Best Research House in the Food & Agriculture Sector.

Commenting on this outstanding achievement, Farouk Miah, Head of Equity Research at NCB Capital, said: “An essential component in building our role as a trusted advisor to clients is the depth of thinking and analysis that we offer them and over the last four years we have invested in building what is now the leading domestic Saudi equity research capability, which is recognized by our repeated success in winning the annual Euromoney awards.”

The Euromoney annual survey asks global and regional investors to rate the quality of sell side research covering the Middle Eastern equity markets and each respondent was asked to nominate the top three firms by sector. This year's survey is Euromoney’s sixth and is seen as a key independent indicator of research effectiveness and quality in the region. In 2012, over 400 HNW and institutional clients voted in this poll.

NCB Capital, the Kingdom of Saudi Arabia’s largest asset manager and leading wealth management company, is well positioned to gauge the market from a unique viewpoint and bases its success on its commitment to a high quality research product, its on-the-ground presence in the Saudi market, and the close cooperation between its research and sales organizations.

Putting this into practice, NCB Capital offers its clients a dedicated, market-leading research team that provides insightful and up- to-date-research on the Saudi equity market. The award-winning team also analyses the region’s financial and economic landscape, regional issues and business and industrial sectors which positions NCB Capital as a wealth management thought leader.

Covering over 40 stocks in the Saudi market, equivalent to over 80% of the TASI market capitalisation, NCB Capital Equity Research is positioned as the leading source of analysis and insight for the Saudi market, and provides clients with in-depth analysis of major Tadawul listed stocks as well as regular daily, weekly and monthly analytical reports on multiple business and industrial sectors and market outlook to support and confirm our clients’ investment decisions.

In addition, NCB Capital Equity Research publishes an annual “Saudi Factbook” which looks at the yearly outlook for the local equity market as well as a commentary on all the sectors and all stocks listed on the Tadawul All Shares Index (TASI).

Background Information

NCB Capital Company

NCB Capital was founded in 2007 as the investment banking and asset management arm of the National Commercial Bank (over 90% ownership), providing clients with premier solutions of integrated investment services. Today, NCB Capital is the largest Asset Manager in the Kingdom of Saudi Arabia and the largest Sharia compliant Asset Manager globally with over SAR140 billion of assets under management.

Company Profile

Euromoney conferences

Euromoney Conferences is the world’s leading organiser of events for capital markets and investment professionals. We have almost 50 years’ experience connecting companies and governments with the financial institutions that support their growth.

At our events we aim to identify and explain the latest trends in global financial markets, on the one hand, but also act as impartial forums for the rigorous exchange of ideas, on the other. This is in addition to their value as independent venues where people can make new connections and forge profitable business relationships.