- MANAGING PARTNER
- MANAGING PARTNER
- HEAD OF OPERATIONS
MENA Capital Capital is a London-based investment management,
advisory and distribution company. Founded in 2004 by Khaled Abdel Majeed, its main focus
is the stock markets of the Middle East and North Africa region. The MENA Admiral Fund, which was
launched in March 2006 was the first hedge fund to focus on the MENA region. We believe this represents
a milestone in the development of financial markets in MENA given the implications for the development
of a wider range of derivative instruments and risk management techniques in the region. While we are
proud to be at the forefront of these developments, our focus continues to be fundamental analysis-based
investing in ethically managed companies where the primary aim is to deliver attractive risk adjusted
returns for our investors. The MENA Alchemy Fund which was launched in August 2010 is a long only
version of the MENA Admiral Fund.
In December 2018, Al Mal Capital and MENA Capital announced a collaboration to significantly upgrade the quality and breadth of their combined MENA equity offerings for investors.
Al Mal Capital has appointed Khaled Abdel Majeed as the Lead Portfolio Manager for all MENA equities products, including the AZ Al Mal MENA Equities UCITS Fund (launching in Q1 2019, co-branded with Azimut, the USD60bn Italian asset manager), Al Mal UAE Equity Fund (launched in April 2006), the long/short MENA Admiral Fund (launched in March 2006), the long only MENA Alchemy Fund (launched in August 2010), and various segregated mandates. MENA Capital will distribute the combined suite of products and solutions.
The collaboration positively aligns Al Mal Capital’s and MENA Capital’s offerings with investors’ requirements: a Portfolio Manager with 24 years’ experience, extensive regional network, company and political knowledge, all relevant MENA language skills and a strong track record investing in MENA equities. Long only and long/short products, specialised team focused on MENA equities, sizeable firm assets under management, and the financial strength of Al Mal Capital; a subsidiary of Dubai Investments.