Gulf Capital, one of the largest and most active alternative investment firms in the Middle East based in Abu Dhabi, has been voted Best Private Equity Firm in the Middle East for the third year in a row.

Gulf Capital received the honor at the annual event of the Banker Middle East Industry Awards 2013 ceremony held in Dubai. The award ceremony was attended by prominent industry experts and banking and finance peers from the Arab region, including the GCC, the Levant and North Africa, and from around the world.

The award was presented to Richard Dallas, MD, private equity at Gulf Capital, along with the company's private equity team by Saleh Al-Akrabi, chairman, CPI Financial, and Russell Haworth, MD, MEA, Thompson Reuters, at the dinner reception held in Dubai.

Karim El Solh, Gulf Capital’s CEO, said: "We are honored to have been voted by experts and industry peers as the Best Private Equity Firm in the Middle East for the third year in a row. We are proud of this award and for being recognized as the most active and successful private equity firm in the Middle East."

Dallas said: "This award recognizes Gulf Capital’s position as the premier alternative investment manager in the region. It also reflects our achievements in the past 12 months, reinforcing our status as one of the most active alternative investment firms with a number of acquisitions in oil and gas, health care and services, and the strong and sustained growth in our portfolio companies."