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

Updated 22 August 2017

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.

360-degree mentoring to boost Saudi social enterprise sector

Updated 23 May 2019

360-degree mentoring to boost Saudi social enterprise sector

The King Khalid Foundation (KKF) and Mowgli Mentoring have collaborated to strengthen the growing social enterprise sector in the Kingdom through the provision of 360-degree mentoring, which will support the personal and professional development of social entrepreneurs. The EMCC-accredited mentoring organization is working to built the capacity of Saudi mentors by instilling best mentoring practices and sharing experiences from its 10-year work around the world.

Globally, the concept of social entrepreneurship is increasingly gaining momentum and positive attention as it combines commerce with social good, allowing entrepreneurs to go beyond profit to positively impact communities and societies. Supporting these entrepreneurs, therefore, is in line with the KKF’s vision, which is to have a Saudi society with equal opportunities.

The KKF’s collaboration with Mowgli resulted in the creation of the Athar (Impact) Mentoring Program.

This program aims to build and increase the capacity of Saudi mentors, and equip them with the necessary tools to be able to provide mentorship, support and guidance to social entrepreneurs in the Kingdom. Matching mentors with social entrepreneurs and managing their mentorship relationships is a key benefit of the program.

To commence the mentoring program, Mowgli recently delivered a four-day workshop in the KKF premises in Riyadh. Fourteen professionals and business leaders received training to be 360-degree mentors before being matched with 14 social entrepreneurs. Both groups were provided with the guidelines to build solid foundations for their 1-2-1 mentoring relationships. In addition, the matched pairs will be supported over a duration of six months, during which structured on-going support will be provided to ensure that trust-based and impactful mentoring relationships are developed.

Mowgli Mentoring’s CEO Kathleen Bury said: “We see this program supporting the three themes on which the Kingdom’s Vision 2030 was built upon: Developing a vibrant society, a thriving economy and an ambitious nation. By supporting social entrepreneurs, we’re working toward achieving the Kingdom’s economic aspirations of increasing SME GDP contribution by 20–30 percent by 2030. We are, therefore, excited to be back in Saudi Arabia and are honored to be working with the King Khalid Foundation in delivering this program, and building Saudi Arabia’s mentoring capacity to sustainably support change-makers and their surrounding ecosystems for years to come.”

The key to developing entrepreneurship and fostering economic development lies in having a well-balanced ecosystem with equal investment in four key pillars: Environment (schooling, parenting), finance (working capital, debt and equity financing), infrastructure (incubators, accelerators, utilities and sound legal frameworks) and human capital development (mentoring, skills and knowledge development). Mowgli supports the latter and has successfully delivered more than 110 mentoring programs across the Middle East, North Africa and sub-Saharan Africa.