Al Masah Capital bags ‘Best MENA Asset Manager 2017’ award

AMCL’s management and employees won one of the highest honors at the recently held MENA Fund Manager Performance Awards ceremony.
Updated 08 February 2017
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Al Masah Capital bags ‘Best MENA Asset Manager 2017’ award

Al Masah Capital (AMCL) added another feather to its cap by winning the prestigious “Best MENA Asset Manager 2017” award at the recently held MENA Fund Manager Performance Awards ceremony.
Al Masah Capital’s industry peers and MENA FM’s judging panel recognized AMCL’s incredible growth story of the last six years and awarded the company, its management and employees one of the highest honors of the night.
Shailesh Dash, founder and CEO of AMCL, said: “A remarkable achievement and recognition for a group of people that deserve all the praise; we always envisioned setting a newer and higher standard for fund management performance and we are delighted and humbled that our industry peers hold us in such high esteem.”
AMCL SEO, Saikat Kumar added: “This award is a testament to the team; over the last six years this team has worked hard to achieve new goals and elevate themselves above the competition. We are very happy to receive such recognition as it shines a light on all the years of determination, sweat and tears put in by the management and the team.” 
Head of asset management, Akber Naqvi, said: “Al Masah Capital has always prided itself on recognizing an opportunity, being smart, flexible and dynamic to capture this opportunity and placing itself at the heart of the next cycle, thereby ensuring a rate of return for its investors and shareholders that is peerless; the regional asset management industry is changing, adapting and growing and this award shows that AMCL is equipped and ready to be at the forefront of the evolution.”
Al Masah Capital added the “Best MENA Asset Manager 2017” award to its long list of awards won over the years, including, “Outstanding Achievement by an Individual,” “Best PE House,” “Best PE Fund,” “Best Newcomer Fund,” and “Best IPO Fund.”


Bahri’s maritime solutions on show

Updated 20 February 2019
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Bahri’s maritime solutions on show

Saudi shipping company Bahri is demonstrating its commitment to advancing the growth of maritime industry and improving security in the logistics business at the International Defense Exhibition (IDEX) and Naval Defense and Maritime Security Exhibition (NAVDEX).

The events are being held under the patronage of Sheikh Khalifa bin Zayed Al-Nahyan, president of the UAE and supreme commander of the UAE Armed Forces in Abu Dhabi from Feb.17-21.

Khaled bin Hussain Biyari, assistant minister of defense — executive affairs; General Awwad Eid Al-Balawi, director general of Saudi Arabian Border Guards; and other officials visited Bahri’s booth during the events.

As part of its participation, Bahri is showcasing its maritime capabilities and innovation-driven solutions at the largest defense expo in the Middle East. The company is also highlighting its unmanned surface vessels (USVs) at its booth. Powered by MAP Pro technology, which transforms any vessel into an autonomous one, Bahri’s USVs are capable of numerous applications, including gathering data, surveillance and reconnaissance. In addition, the vessels offer significant cost savings and reduce human workload in high-risk operations. 

Bringing together more than 1,310 specialized companies from 62 countries, both events offer a strategic business platform for exhibitors to present their latest naval, maritime and coastal security technology, equipment and crafts, and explore partnership opportunities with local and international companies. 

Abdullah Aldubaikhi, CEO of Bahri, said: “Events such as IDEX and NAVDEX provide a unique opportunity to gather new insights into new security technologies that can help companies thrive in a safe and secure trade. With Saudi Arabia being at the forefront of efforts aimed at maintaining stability and security in the region, maritime security is a key focus area for the Kingdom.” 

Aldubaikhi added: “Bahri’s presence at IDEX and NAVDEX 2019 is part of our strategy to further strengthen our offerings to enhance the Kingdom’s maritime capabilities and support its transformation as the world’s leading logistics hub. The exhibition also provides us with an excellent platform to connect with our customers and explore new partnership opportunities that will further drive our ambitious expansion plans.”

Bahri Logistics, one of the five business units within Bahri and one of the top 10 breakbulk carriers in the world, operates six new state-of-the-art multipurpose vessels that are capable of carrying different types of cargo, including project, ro-ro, breakbulk, equipment, and container cargo.