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The NCB Capital Office
   
 
 
NCB Capital Named "Best Corporate Advisory" at "10th Annual Islamic Business & Finance" Awards
1/3/2016
Consistent Success in Investment Placement Distinguishes Region's Leading Investment Bank

December 2015, Riyadh: NCB Capital, Saudi Arabia's leading provider of investment banking and wealth management services and largest asset manager, is announced "Best Corporate Advisory" provider at the 10th Islamic Business & Finance Awards. More than 200 Islamic bankers and financiers gathered ... more

NCB Capital Launches Its All - New Fully - Integrated Tadawul Platform
10/30/2015
  • Easy-to-use multi-channel e-trading platform features a comprehensive suite of tools and provides up-to-date market information and analytics
  • 50% discount on trading commissions through the mobile application in conjunction with the newly launched platform.

Riyadh, October 2015: NCB Capital, Saudi Arabia's leading provider of wealth management and investment services and the Kingdom's largest ... more

Public Investment Fund of Saudi Arabia (PIF) acquires 38% of Korean POSCO Engineering and Construction Company in agreement worth US$1.1 billion
6/21/2015
Transaction includes plan to establish a Saudi-Korean joint venture company in Saudi Arabia in the field of engineering and construction.

21, June 2015: The Public Investment Fund of Saudi Arabia (PIF) has signed an agreement on June 15, 2015 worth US$1.1 billion to acquire 38% of the equity of Korean POSCO Engineering ... more

NCB Capital's Quarterly Report Expresses Positive Outlook for the Saudi Arabian Retail Sector
3/31/2015
Royal Decree Issuing Two-Month Salary Bonus Expected to Have a Significant Positive Impact on Consumer Purchases

Jeddah, March 2015: NCB Capital, the leading wealth manager in the region and the largest asset manager in the Kingdom, has issued a report mentioning that the two-month bonus salary issued to Saudi government workers and ... more

NCB Capital Launches AlAhli Freestyle Saudi Equity Fund
2/27/2015

Riyadh, February 2015: NCB Capital, the region's leading wealth manager and the Kingdom of Saudi Arabia's largest asset manager has launched the AlAhli Freestyle Saudi Equity Fund. The fund is an open-ended Shariah-compliant fund that aims to achieve superior growth in capital through a more concentrated investment approach. It is most ... more

Defensive Nature of Retail Companies Provided Protection from Downturn
1/30/2015

Jeddah, January 2015: NCB Capital, the leading wealth manager in the region and the largest asset manager in the Kingdom, confirmed that the defensive nature of the retail sector allowed it to remain strong during the recent correction in the Saudi financial market. Additionally, the company believes that the sector will ... more

NCB CAPITAL BELIEVES IMPROVED DEMAND AND PERFORMANCE WILL BE KEY DRIVERS FOR PETROCHEMICAL SECTOR GROWTH
3/31/2014
Operational efficiencies to drive 2014E earnings

Riyadh, March 2014: Inits latest update on the Petrochemicals sector, NCB Capital believes an improvement in demand for petrochemicals and enhanced operational performance will be the key drivers for sector growth in 2014E.

"However, YTD volatility in global demand and ongoing efficiency ... more
NCB Capital releases details of land acquired for development of AlAhli SEDCO Residential Development Fund
3/31/2014
Jeddah, March 2014: NCB Capital, the GCC's leading provider of wealth management servicesand Saudi Arabia's largest asset manager, has announced that the developer of AlAhli SEDCO Residential Development Fund has already acquired a 100% interest in a 25,934 square meters residential development site located in the Al-Salamah 2 district of Jeddah6 ... more
BROKERAGE, MUTUAL FUND SUBSCRIPTIONS & REDEMPTIONS NEW TIMINGS
6/26/2013

Dear Client

As you will be aware, on 23 June 2013 a Royal Decree was issued amending the business week from Saturday through Wednesday to Sunday through Thursday. This change is effective on 29th June and therefore markets will be closed from close of business this Wednesday 26th June and will ... more

NCB CAPITAL EXPECTS PETROCHEMICALS EARNINGS TO GROW 16% DESPITE WEAK 1Q13
3/24/2013
Increased earnings from startups and better operational efficiencies at existing facilities should lead to a 16% YoY growth in sector net income in 2013E

Riyadh, March 2013: In its latest update on the Petrochemicals sector, NCB Capital upgrades APPC and Yansab to Overweight, while maintaining all other ratings.

"We remain overweight on ... more
NCB CAPITAL MAINTAINS STRONG LONG-TERM OUTLOOK FOR SAUDI FOOD AND AGRICULTURE SECTOR
3/23/2013
Young growing population, expansion into new segments and high market share support strong positions of Almarai and Savola

Riyadh, March 2013: Reporting on the Saudi Food and Agriculture sector, NCB Capital, the GCC's leading wealth manager and the Kingdom's largest asset manager, expects the long-term outlook to remain strong.

Covering market ... more
NCB CAPITAL BELIEVES THE PRESSURE ON SAUDI BANKS MARGINS DUE TO INCREASED COMPETITION IS ALREADY PRICED-IN
3/23/2013
Riyadh, March 2013: In its latest report on Saudi banks, NCB Capital reduces its Net Interest Margin (NIM) estimate due to increasing competition and expects a 9bps decline in margins from a previous estimate of flat NIMs.

"As a result, we expect Saudi Banks to have lower profit growth that is ... more
NCB CAPITAL EXPECTS TELECOM SECTOR TO BENEFIT FROM KINGDOM’S STRONG MACRO OUTLOOK AND INCREASING GOVERNMENT EXPENDITURES
3/23/2013
Mobily remains top pick due to stronger outlook and domestic focus

Riyadh, March 2013: In its latest update on the Kingdom's telecom sector, NCB Capital believes that the kingdom's strong macro outlook coupled with the government's increasing expenditures will continue to support growth in the sector. Furthermore, ... more
NCB CAPITAL EXPECTS CONTINUED STRONG EARNINGS GROWTH FOR SAUDI RETAIL SECTOR
3/13/2013
Expansion through opening new stores and consolidation of fragmented markets are key drivers of profit growth

Delivering its latest report on the Saudi retail sector, NCB Capital, the GCC's leading wealth manager and the Kingdom's largest asset manager, expects strong earnings growth to continue due to expansion through opening stores, margin ... more
NCB CAPITAL BELIEVES THE RECENTLY PUBLISHED LAWS BY SAMA WILL BENEFIT THE KINGDOM
3/3/2013
Impact of the new regulations will be felt in the long-term

Reviewing the partial regulations for the Saudi Mortgage Law published by SAMA, NCB Capital, the GCC's leading wealth manager and the Kingdom's largest asset manager, believes that the regulations are positive and will impact the banking sector in the medium to ... more
NCB Capital expects a decline in banks net profits for the second half of 2012
11/26/2012
Big Banks are still the Best

Riyadh, 18 September 2012: NCB Capital, the largest asset manager and the leading wealth adviser in the Kingdom, believed that the banks focusing on generating higher returns on equity (Samba, AlRajhi and Riyadh) are the best in the sector. Although the market rewards the rise in ... more
NCB Capital: Concerns on Global Economy Continue to Hold Back the Petrochemical Sector
11/25/2012
Long term outlook outweighs short term risks

Riyadh, 19 September, 2012: Concerns on the global economy continue to hold back the performance of the Saudi petrochemical sector, said NCB Capital in its recent report. Rising propane and butane costs and operational inefficiencies at the new startups are contributing to the weak performance. ... more
NCB Capital: Sama's Announcement a Step Closer to Long Awaited and much Needed Mortgage Law
11/25/2012
Lack of supply of affordable housing continues to be a challenge

Riyadh, November 21, 2012: NCB Capital, the GCC's leading wealth manager and the Kingdom's largest asset manager, believes that SAMA's recently published draft regulations moves the country closer to the enactment of the long awaited and much needed Mortgage Law. ... more
NCB Capital Initiates on Mouwasat with Overweight Rating and PT of SR61.2
11/25/2012
Saudi healthcare annual spending is SR86.5bn and growing at 16.8% CAGR

Riyadh, 12 November, 2012: NCB Capital, the GCC's leading wealth manager and the Kingdom's largest asset manager initiated on Mouwasat with an Overweight rating and a PT of SR61.2, indicating an upside of 20%. NCB Capital believes that the low healthcare ... more
NCB Capital Strategic Alliance with Amundi and TCW
3/25/2012
As we work towards our objective of becoming the GCC's leading wealth manager, it is important that we enhance our ability to open up international markets for our clients and to continue to launch and manage strongly-performing funds.

Last week we have taken a major step on that road, with the announcement ... more
NCB Capital Awarded the International Accredited BS-25999 Standard from the BSI
6/8/2011
It is our pleasure to announce that NCB Capital was recently awarded the international accredited BS-25999 standard from the British Standard Institution (BSI) for its pioneering work in Business Continuity Management (BCM). It is a great honor and privilege to be recognized as the first investment company in the Middle East ... more
Revising Al Ahli Funds Terms and Conditions
2/22/2011

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Dear Esteemed NCB Capital Client,

Pursuant to the Investment Fund Regulations issued by the Capital Market Authority we wish to notify you that NCB Capital has revised the relevant clause of the Terms and Conditions of its investment funds (listed in the attached schedule) ... more

NCB CAPITAL INITIATES COVERAGE ON SABIC
1/19/2011
Rates as "overweight"

Riyadh, 12 January, 2011 - NCB Capital, Saudi Arabia's largest investment bank, has added analysis of SABIC to its award-winning equity research coverage. It has initiated coverage recently with an "overweight" rating and a price target of SR130.8 per share.

SABIC is a leading global petrochemical ... more
NCB CAPITAL LAUNCHES The "NCB CAPITAL OFFICES" FOR CLIENTS AROUND THE KINGDOM
1/1/2011
Brings multiple wealth management advisory services together in single locations for ease of access and tailored investment solution

Riyadh, December 2010 - NCB Capital, Saudi Arabia's largest investment firm, launches a unique new service for its affluent clients across the Kingdom. This unique service will offer clients a unique advisory service to ... more
THE GLOBAL CURRENCY SYSTEM NEEDS REVISION
8/24/2010
Riyadh, 31 July 2010 - NCB Capital, Saudi Arabia's largest investment bank, believes that whereas the global economic crisis has seen a growing divergence in economic performance between advanced and emerging economies, exchange rate realignments have not matched the divergent fundamentals, thereby delaying the correction of global economic imbalances.

Writing in ... more
GCC BOND AND SUKUK MARKET BOUNCE-BACK IN Q2
8/24/2010
Riyadh, 8 August 2010 - NCB Capital, Saudi Arabia's largest investment bank, reported that the GCC debt capital markets staged a broad-based recovery in the second quarter of the year after a disappointing beginning to the year. The conventional bond market saw the aggregate value of primary issuances increase by 33 ... more
RENEWED TURBULENCE CASTS DOUBT
8/24/2010
Riyadh, July, 2010 - NCB Capital, Saudi Arabia's largest investment bank, believes that the strength of the ongoing global economic recovery is in renewed doubt following the growing intensity of the sovereign debt crisis in Europe and that, for the GCC, the crisis injects another dose of uncertainty following a fairly ... more
NCB CAPITAL PUBLISHES UPDATE TO MARKET LEADING SAUDI FACTBOOK
8/24/2010
Riyadh, 10 July 2010 - NCB Capital, Saudi Arabia's largest investment bank, has published its second annual Saudi Factbook, the market's most comprehensive analysis of the Saudi capital markets, its economy and all 142 stocks in the TASI (Tadawul All Shares Index). It also details each of the 15 sectors ... more
NCB Capital Chief Executive listed among top ten most influential people in the MENA fund management industry.
6/16/2010
Jawdat Al Halabi has been elected as one of the ten most influential asset management executives in the inaugural list of "The 2010 MENA Fund Manager Power Forty", published by MENA FM.

In placing our CEO in the top grouping, the magazine said, "We wanted to recognize those professionals who have made ... more

GCC Set To Become a Leading Hub in the Emerging Indian Ocean Economic Space
6/16/2010
Size of economy on track to double by 2020

Riyadh, June 1, 2010 - NCB Capital, the investment banking arm of National Commercial Bank, Saudi Arabia's largest bank, believes that the GCC region's growing trade and investment links with other emerging markets, along with continued economic liberalization ... more
GCC Debt Issuance in the First Quarter Fell Sharply to US$4.025 Billion
6/16/2010
Sukuk worst affected, but medium-term outlook remains encouraging

Riyadh, 26 April, 2010 - NCB Capital, the largest investment bank in Saudi Arabia and a subsidiary of National Commercial Bank, reported that the GCC conventional bond market recorded a poor performance in the first quarter of 2010 amid Dubai-linked ... more
Rapid GCC Demand Growth For Water Poses Major Policy Challenges
6/16/2010
Greater regulation and oversight needed

Riyadh, April 2010- NCB Capital, the investment banking arm of National Commercial Bank, Saudi Arabia's largest bank, believes that the widening gap between the demand for and the supply of water in the GCC region is becoming a policy concern of ... more
NCB Capital Appointed to Manage SR550 Million BUPA Arabia Fund
6/16/2010
Reflects firm's institutional asset management expertise and Shariah-compliant leadership

Jeddah, April,2010- NCB Capital, the largest investment bank in Saudi Arabia and a subsidiary of National Commercial Bank, has been appointed by BUPA Arabia, the Kingdom's premier health care service provider, to manage its SR550 million investable fund along ... more
Near-Term Risks Look Eminently Manageable, But Technocratic Policy-Making Essential For Addressing Longer-Term Challenges in Saudi Arabia
6/16/2010
Riyadh, 10 April 2010- Presenting a highly favourable view of the Kingdom's economic outlook, NCB Capital states that recent years have seen a triumph of technocratic policy-making in Saudi Arabia resulting in macroeconomic stability substantial reserves, and a strong financial sector. The authorities have consistently demonstrated their support for ... more
NCB Capital Sees Real Estate Benefiting From Improved Economic Conditions
6/16/2010
But regional structures must be put in place to avoid another 'bubble'.

Riyadh, April 2010- NCB Capital, the investment banking arm of National Commercial Bank, Saudi Arabia's largest bank, believes that with oil prices recovering, confidence reviving and bank lending showing signs of recovery, a turnaround in real estate ... more
GCC Agriculture Policy to Focus on Food Security as Acquisition of Land Abroad Addresses Rescources Constraints at Home
6/16/2010
Global food price shocks likely to increase in frequency.

Riyadh 3rd March, 2010- NCB Capital, the investment banking arm of National Commercial Bank, Saudi Arabia's largest bank, believes that the GCC's agricultural sectors are being fundamentally reshaped by a policy transition from the food self-sufficiency goal ... more
NCB CAPITAL SEES LONG-TERM FAVOURABLE OUTLOOK FOR GCC REAL ESTATE MARKET
6/16/2010
Structural changes in Saudi Arabia to underpin 20 per cent growth over three years Riyadh 21st February, 2010 - NCB Capital, the investment banking arm of National Commercial Bank, Saudi Arabia's largest bank, believes that although the real estate markets remain subdued in many countries because of weak economies and credit constraints, by ... more
Strong GCC Debt Market Performance Q4 2009
6/16/2010
Favorable growth prospects this year

Riyadh January, 2010- NCB Capital, the investment banking arm of National Commercial Bank, Saudi Arabia's largest bank, today released research showing that the robust recovery of the GCC debt markets continued to gather pace during the last quarter of 2009, with new bond ... more

NCB CAPITAL SEES GULF GROWING IN IMPORTANCE AS A GLOBAL HUB FOR GOLD
6/16/2010
Saudi Arabia is largest GCC market; highest growth potential Riyadh January, 2010 - NCB Capital, the investment banking arm of National Commercial Bank, Saudi Arabia's largest bank, believes that the GCC region is growing in importance as a leading global hub for gold. This is due to a sizeable and loyal ... more
World Islamic Funds & Capital Markets Conference (WIFCMC 2010)
6/16/2010
The current recessionary environment has forced the leaders of international & regional financial institutions to fundamentally re-think and adapt their business models and realign them to the new economic realities. The 6th Annual World Islamic Funds & Capital Markets Conference (WIFCMC 2010) could not have come at a more opportune time. ... more
Move to New Riyadh Headquarter Offices
6/16/2010
NCB Capital Headquarter offices in Riyadh have officially been moved from Faisaliah Tower to NCB regional building - Al Mather Street - Tower B - 3rd & 4th floor.
World Islamic Capital markets Conference
4/27/2009
NCB Capital is the Capital Markets Partner Sponsor in the World Islamic Capital markets Conference.

For more information on the event please click here
Revising AlAhli Funds Terms and Conditions
3/22/2009

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Dear Esteemed NCB Capital Client,

In accordance with NCB Capital's commitment to comply with the Investment Funds Regulations issued by the Saudi Arabian Capital Market Authority (CMA) whose objective is to regulate procedures relating to the establishment and management of mutual funds ... more
Strong corporate results from Mid Cap companies
7/20/2008
Investors attracted by strong corporate results from Mid Cap companies which have great potential growth

Riyadh, July 2008: With the Kingdom's economy showing robust economic growth and companies returning rising corporate results, investors are looking at Saudi equities with renewed interest and, in particular, are directing their attention ... more
NCB Capital (NCBC) investment strategy report
3/18/2008
January 01, 2008 - NCB Capital (NCBC) has released a detailed investment strategy report highlighting how the GCC economies are capitalizing on their petrodollar windfalls (estimated to be in excess of USD 2 trillion over this decade) to drive their efforts to diversify their economies away from hydrocarbons. The resultant project ... more
World's first Shariah compliant fund - AlAhli Global Real Estate Fund (GREF),
3/18/2008
One week after the launch of the NCB Capital BRIC Secured Fund

Jeddah, November 2007: NCB Capital, the investment and asset management arm of the National Commercial Bank, has introduced the world's first Shariah compliant "AlAhli Global Real Estate Fund" (GREF), a fund that invests in companies whose activities are in real ... more
Shariah compliant fund invests
3/18/2008
Shariah compliant fund invests exclusively in the four BRIC countries: Brazil, Russia, India and China

Riyadh, November 2007: NCB Capital, the newly-formed investment and asset management arm of the National Commercial Bank, has launched a new investment product, the AlAhli BRIC Secured Equity Fund which invests in Shariah compliant companies in the ... more
Kingdom's first dedicated investment house offers comprehensive range of trading options including IVR service
3/18/2008
Kingdom's first dedicated investment house offers comprehensive range of trading options including IVR service

Jeddah, July 2007: NCB Capital, the investment and asset management arm of the National Commercial Bank, is offering its customers more choices for trading than any other investment house in the Kingdom. In line with celebrating its debut, ... more
 
 
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