Saudi Arabia-based Alkhabeer Capital has won two prestigious awards by World Finance, a leading international business magazine, produced by World News Media from its global headquarters in London.

Alkhabeer was awarded ‘Best Asset Management Company’ in the GCC in recognition of its significant growth in recent years with its executive director, chief executive officer and founder, Ammar Shata, winning ‘Man of the Year’.

The World Finance awards pay tribute to companies and investment bodies which develop businesses and bring prosperity to the Gulf region.

Within its Award Category, Alkhabeer grew its assets under management from $10 million in 2009 to $440 million in 2012 with significant growth both in its client base as well as in underlying revenue and profitability.

“I am very proud of our highly skilled real estate, private equity and capital markets asset management teams which have played key roles in Alkhabeer’s success and growth both regionally as well as internationally,” said Shata, who was recognised for significant contribution to the region’s Sharia compliant financial services industry.

“We have expanded our business dramatically and with the recent launch of a series of new funds, we have consolidated our position as a leading alternative asset management firm in the region with international capabilities.

“The awards are recognition of our achievements to date and we are extremely well positioned via our mix of regional and international investment opportunities to deliver ‘enduring value’ to our investors over the long term.  We are primed for steady growth in the years ahead and I look forward to reporting further progress in the months and years ahead,” he added.

Alexander Redcliffe, editor, World Finance said: “We would like to congratulate Alkhabeer on its double win this year with awards for Best GCC Asset Management Company and the outstanding performance and contribution of its executive director and CEO to the financial sector which prompted the judges to award him with Man of The Year 2013.”

“Alkhabeer has been recognized as one of the leading lights within the region’s investment industry and we are confident of its continued growth and success both regionally as well as in its key international markets,” Redcliffe added.

“As CEO, Shata demanded special recognition for his extensive GCC wide financial markets experience and his robust and resilient management expertise, which have been central to Alkhabeer’s success,” he concluded. – TradeArabia News Service