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.”


Millennium MEA confirms rights to Makkah hotel

The five-star Makkah Millennium Hotel is the closest hotel to the Holy Mosque, located by the Holy Haram Piazza in front of King Fahd Gate.
Updated 16 June 2019
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Millennium MEA confirms rights to Makkah hotel

Millennium Hotels and Resorts Middle East and Africa (MEA), a hotel management company in the region, has addressed its guests with deep regrets for the inconvenience they might have encountered during their stay at Makkah Millennium Hotel and Towers.
“It is with regret that Millennium and Copthorne had announced that on June 13, 2019 the owner of Makkah Millennium Hotel and Towers had unlawfully, and in contrary to the terms of the operating and management agreement, interfered with the exclusive rights of Millennium in the management and operation of the hotel and towers,” the company said in a press release.
“Millennium disagrees with the owner’s acts and had commenced proceedings to remove this interference and confirm Millennium’s exclusive rights to manage and operate the hotel and towers without interference from the owner or others.
“Millennium regrets any inconvenience this situation has caused or may continue to cause to its guests.”
The company said it is pursuing all available legal courses of action inside the Kingdom, and is confident of the Saudi judiciary system in the protection of rights and imposing of justice.
Operating 4,067 keys in the Kingdom, Millennium Hotels and Resorts MEA has affirmed its commitment to the Saudi market and pledged to continue its efforts toward tourism, travel and hospitality sectors in Saudi Arabia to achieve the goals of Vision 2030 and beyond.
Millennium Hotels & Resorts is a global hotel company, which was founded in 1989, on the vision of its chairman, Kwek Leng Beng, who leads Singapore’s Hong Leong Group. With almost 40,000 rooms worldwide, the company currently operates 40 hotels, has 14 hotels due to open this year and 35 hotels in the pipeline across the region.
The five-star Makkah Millennium Hotel is the closest hotel to the Holy Mosque, located by the Holy Haram Piazza in front of King Fahd Gate.
The luxury hotel features direct views of the Grand Mosque and the Holy Kaaba. The hotel has five restaurants, namely, Jasmin Café, Al-Fayhaa Restaurant, Al-Andalus Restaurant, Al-Noor Restaurant and Lagenda Restaurant.
Makkah Millennium Hotel is located close to many main attractions in the city, including important Islamic holy sites that are less than five miles away. Zamzam well, Jabal Al-Nour, Cave of Hira and the Makkah museum are some of the nearby landmarks, while other areas of interest close by include a large shopping mall, supermarket, and a variety of international restaurants and lounges.