Ammar Shata ALKHABEER Capital has been awarded “Best Islamic Fund Manager” at the Banker Middle East Industry Awards. The gala ceremony, which was held at the Emirates Towers Hotel in Dubai, celebrated achievements of leading Islamic financial institutions across the region and was attended by more than 450 senior financiers from around the MENA region. Attendees representing top financial institutions got together during the prestigious awards ceremony and exchanged views on their long-term plans and strategic objectives. Nominees for the awards were short-listed from hundreds of top Islamic institutions. Tens of thousands of votes were cast by registered readers of the Banker Middle East, Islamic Business & Finance, FinanceME, WEALTH Arabia magazines as well as users of www.cpifinancial.net
CPI Financial's own commitment to increasing transparency in the awards process saw a total of 18 awards going to banking institutions in nine regional countries which consist of GCC (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates); Jordan; Lebanon; and Palestine as a result of straightforward analysis of financial reports. Ammar Shata, Chief Executive Officer of Alkhabeer Capital, said: “We are delighted to win this prestigious award that recognizes Alkhabeer as the Best Islamic Fund Manager in the Middle East. We have grown rapidly in recent years and are now well positioned to offer our investors best-in-class investment solutions. Our solutions are a mix of regional and international investment opportunities that maximize our investors' returns and provide enduring value.” Shata added: “I would like to thank Alkhabeer colleagues for their commitment and contributions and I look forward to reporting on future progress in due course.” The annual ceremony highlights, encourages and rewards the exceptional performance and contribution in the growth of the international Islamic business and finance community. These awards are now widely considered a benchmark of excellence in the industry. — SG
