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.”


TOUS opens 22nd jewelry store in Kingdom

Updated 25 September 2018
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TOUS opens 22nd jewelry store in Kingdom

TOUS International CEO Jose Maria Folache has opened the Kingdom’s 22nd TOUS store in Riyadh Park Mall, one of the largest shopping malls in the capital.

The new opening is in line with the TOUS strategy to consolidate and strengthen its leadership position in the affordable luxury jewelry market. 

The flagship store boasts a premium location of 133 square meters perfectly placed in the mall, which reflects the TOUS premium image status and suits the taste of lovers of unconventional jewelry collections.

There are displays of a wide variety of iconic affordable jewelry and accessories that cater to all needs and perfectly fit women from different age groups. 

The store boasts a unique modern design and showcases a wide range of TOUS collections for 2018 and 2019 that were launched at the opening. 

The ceremony was attended by Folache, Korayem Al-Enazi, chairman of the National Precious Metals Commission, and Selim Chidiac, CEO of L’Azurde Group, the new franchisee for TOUS in the Kingdom.

Female dignitaries, businessmen, the media, celebrities and TOUS jewelry lovers also attended. 

“We are always happy to see an international brand like TOUS increasing its investments in the Kingdom,” said Al-Enazi. 

“This reflects confidence in the Saudi market, and is fully in line with its Vision 2030 (reform plan). TOUS is an international brand with top-quality products. We look forward to their increased presence in the Kingdom, and further expansion and investment.”

Folache said: “We are excited to open the first TOUS store with our new partner, bringing the total number of stores across the Kingdom to 22, and at one of the most prestigious malls.” 

He added: “TOUS is keen to increase its investment in the Saudi market in line with Vision 2030, which reflects the promising future of the Saudi economy.”

He said: “We are confident about the potential of the Saudi market, and look forward to contributing to creating more job opportunities for Saudi youth and promoting investment in the Kingdom.”

Folache added: “We aim to fortify our presence in the Kingdom and expand our business, especially after TOUS’ consistent sales growth over the past years.”

He said: “TOUS carved a pioneering leadership position for the brand in the Saudi market, and we are confident that our partnership with the TOUS franchisee in the Kingdom will boost TOUS sales in the Saudi market as a global luxury brand.”

He added: “Our mission is to continue impressing our customers with our creative and innovative designs, while focusing at the same time on maintaining our original and genuine quality.”

Chidiac said: “The TOUS iconic jewelry collection is unique and modern, and complements our existing product portfolio perfectly.”

He added: “With TOUS, we will be able to reach new customer segments and offer affordable luxury products to consumers.”

Chidiac said: “We are confident that through our solid partnership with TOUS, we will enhance its position in the Saudi market.”

He added: “TOUS is an important addition to our business, and it comes in line with our strategic plan to expand into the affordable luxury jewelry segment.”