NCB Capital wins award for ‘Best Investment Management Company (Equities)’

Updated 22 August 2017
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NCB Capital wins award for ‘Best Investment Management Company (Equities)’

NCB Capital, a leading investment firm and Saudi Arabia’s largest asset manager, has been announced as winner of the “Best Investment Management Company (Equities) Saudi Arabia, 2017” by World Finance magazine.
Sarah Al-Suhaimi, CEO of NCB Capital, said: “On behalf of my colleagues, I would like to thank World Finance for recognizing our superior performance. This success would not be possible without the trust of our clients and the professionalism of our team.”
NCB Capital is the largest asset manager in the Kingdom and the largest shariah-compliant asset manager globally with over SR140 billion ($37.3 billion) of assets under management. The firm offers a comprehensive range of funds to serve investors’ diverse requirements.
NCB Capital was the first to launch a mutual fund back in 1979 and first to launch a Shariah-compliant mutual fund in 1987. Today, NCB Capital manages 24 funds spanning multiple asset classes and covering various markets and regions, including global equities, fixed income and alternative investments. Its products have won multiple local and international awards.
“Guided by an experienced, dedicated and certified team of advisers and wealth managers, NCB Capital assists investors to build the investment portfolio that is right for them and manage their portfolios to achieve their investment objectives,” a press release said.
The World Finance Investment Management Awards celebrate the industry’s most resilient players, highlighting those that have surmounted challenges to achieve success, by displaying a unique forward-thinking approach.
Since 2007, World Finance magazine has been celebrating innovation and brilliance in their annual awards. The judging panel comprises over 230 years of experience in financial and business journalism, supported by a research team to ensure that the award winners are the most deserving in their sector.
NCB Capital is a world leader in developing Islamic investment products for which it is globally recognized by consistently winning awards year after year, presented by leading financial publications and organizations including Euromoney, EMEA Finance, Lipper International and many others.


Saudi students to visit Huawei HQ in China

Huawei recently held a special ceremony for students participating in the program at the CITC headquarters in Riyadh. (Photo/Supplied)
Updated 17 November 2018
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Saudi students to visit Huawei HQ in China

The Communications and Information Technology Commission (CITC) is collaborating with Huawei, a global provider of information and communications technology (ICT) infrastructure and smart devices, to launch Huawei’s fourth edition of the “Seeds for the Future” program. 

This year the Seeds for the Future program is expected to attract numerous projects from a wide range of universities in Riyadh, each with the potential to be selected for incubation. The initiative aims to develop ICT talent among Saudi students who will become tomorrow’s leaders. They will also receive focused mentoring from top Huawei executives and a chance to travel to Huawei’s global headquarters in Shenzhen, China, to gain exposure to the ICT solutions provider.

The company recently held a special ceremony for students participating in the program at the CITC headquarters in the Saudi capital. The event was attended on behalf of the CITC governor by Ahmed Al-Jarboo, vice president of corporate communications; Zhou Xinglong, counselor at the Chinese Embassy in Saudi Arabia; and Dennis Zhang, CEO of Huawei Tech Investment Saudi Arabia Ltd. 

CITC has been collaborating with Huawei since 2015 on Seeds for the Future. A total of 51 students have directly benefited as a result of the program, including through their visit to Huawei HQ in Shenzhen.

Al-Jarboo thanked Huawei for its efforts in “serving the community and its keenness on upgrading the Kingdom’s ICT sector.” He also urged students to benefit from the experience in expanding their knowledge.

Xinglong said: “This is another example of the close relationship we have with Saudi Arabia. I am proud of Huawei’s commitment to social responsibility and the important role played by this prestigious company in the development of Saudi youth.”

CEO Zhang said: “We are pleased to announce that we will continue to partner with the CITC for the Seeds for the Future in 2018. Saudi Arabia has a huge segment of young people and we are proud to announce our solidarity to empower these young people and give them the opportunity to sharpen their skills and help them become the leaders of tomorrow in the field of information and communication technology.”

He added: “Huawei is seeking to collaborate with government partners to develop an ecosystem for the ICT sector, and the key to this is to guide and support outstanding young talents in the field of ICT not only in Saudi Arabia, but to provide them with access to institutions to develop technologies that will help the Kingdom achieve its goals in its Vision 2030.”