New SICAV Fund to Offer Equity Investment Opportunities Across the GCC Region

Date : 10 November 2015

Amwal LLC, Qatar’s leading independent asset management firm, in collaboration with Germany’s leading private bank Donner & Reuschel is launching a new GCC fund, the D&R Amwal GCC SICAV Equity Fund will invest in the emerging equity markets of the Gulf region.

The fund is open to private and institutional investors and will offer European investors the prospect of strong growth and long term investment returns through investing in equities in the GCC.

Amwal founder and Chairperson Sheikha Hanadi Nasser Bin Khaled Al Thani, said, “The GCC region has seen rapid economic growth in recent years. However, as with most emerging markets, the region’s stock markets are relatively young and present some challenges. We are confident that our well researched and disciplined approach will help us achieve financial excellence offering the bestin- class services to our expanding client base. We are excited to collaborate with D&R on this new product and look forward to further enhancing the regional investment ecosystem.” Marcus Vitt, Chairman of the Management Board at Donner & Reuschel, said the partnership heralds an auspicious future for its clients: “Amwal has reinforced its position as a leading asset manager in the Gulf region with a proven, successful track record since its inception in 1998. We are proud to collaborate in the region with this team of highly talented and capable investment specialists, and as a result to provide our discerning clientele with access to the highly prosperous Arabian markets.”

Commenting on the new product, Fahmi Alghussein, CEO of Amwal, said, “We have always aimed to set new and higher standards of excellence in Qatar. Since its inception, Amwal has established new benchmarks through pioneering initiatives in investment and asset management launching Qatar’s first Equity Fund, the Qatar Gate Fund in 2005, and now a GCC UCITS fund. The UCITS Platform in Luxembourg is now the global standard for all fund managers with over EUR 260 billion of assets under management across asset classes. We are proud to be the first QFC asset management company to a launch a UCITS fund in Qatar with our partners Donner & Reuschel.”