NCB Capital, Saudi Arabia’s largest investment bank, has been voted best research house in three categories in Euromoney’s annual Middle East research survey for 2010. The bank achieved a total of 10 ranked positions in this year's survey, the third highest amongst all research firms in the region. On the basis of top ranked positions, the firm achieved the second highest total in the region.
NCB Capital was awarded:
• Best Research House in the Cement Sector
• Best Research House in the Consumer Goods/Retail Sector
• Best Research House in the Food & Agriculture Sector
Additionally, it was ranked second in Oil and Natural Gas, Economics, and Credit. It also won third place in Strategy and fourth in General Industries.
Euromoney's annual Middle East Research survey polls global and regional institutional investors to rate the quality of sell side research covering the Middle Eastern equity and debt markets. Each respondent was asked to nominate the top three firms by sector. This year's survey is Euromoney’s fourth and is seen as a key independent indicator of research effectiveness and quality in the region.
Eiji Aono, Head of Equity Research at NCB Capital, said, "We have grown our research capabilities strongly, expanding them to provide our clients with the depth of analysis they need. We are now the leading research team focused on the all-important Saudi market.”
NCB Capital’s research team publishes in-depth analysis of key Tadawul-listed equities as well as regular reports on Economics and Strategy. The team recently published its second annual Saudi Factbook, a comprehensive analysis of the Saudi economy and all of the stocks in the market.
Mr Aono concluded, “Our success is based on our commitment to a high quality research product, our on the ground presence in the Saudi market, as well as the close cooperation between our research and sales organizations. We are very pleased that this focus has been recognized by our client base in the results of the Euromoney survey."
