Press Room

24/04/2008 AL Mal Capital Announces 2007 financial results
Posted on 24 Apr 2008

Al Mal Capital Reports 2007 Results

United Arab Emirates Dubai, April 22nd 2008: Al Mal Capital, a multi-line investment company licensed by the Central Bank of the UAE, today unveiled its 2007 results and growth plans for the coming year.
To close 2007, Al Mal Capital recorded revenues of over AED 100 million, with significant contribution from fee-based businesses, and net earnings of AED 50 million, a 15% return on capital in the company’s second full year of operation.  During this period, the group balance sheet doubled and Client Assets exceeded AED 2.3 billion. 
Mr. Naser Nabulsi, Executive Chairman, Al Mal Capital commented-: “ Thanks to the significant contribution made by our team and Board of Directors over the course of 2007, we at Al Mal Capital have succeeded in constructing a world-class organization, and a series of business activities whose impact is being felt on a regional and global scale.  We are pleased with our progress in both financial and organizational terms, and are looking forward to the exciting launch of noteworthy and innovative products and services in the upcoming year.”
Al Mal Capital’s Investment Banking services include advisory, underwriting, structured finance, private equity placements, and debt and equity issuance including IPOs.    The Investment Banking Division is currently acting as Lead Manager and Financial Advisor for several companies who will be going public in late 2008.
Al Mal Securities Group’s Institutional Advisory and Prime Brokerage services provide institutional coverage, in advisory and execution, on a region-wide basis.  The Group’s local UAE trading volumes grew exponentially on the Dubai Financial Market in its first full year of operation, with similar success anticipated for its new Saudi subsidiary, Al Mal Securities Saudi, which began offering Saudi Tadawul trading in December of 2007.
Al Mal Capital’s Asset Management unit offers a broad array of pooled investment vehicles, managed accounts and direct investment opportunities, tailored to institutional clients in a diverse range of asset classes including Public Equity, Private Equity and Real Estate.  For 2007, Asset Management showed an increase in assets under management (AUM) of 200%, exceeding AED 1 billion in funds and managed products.
Asset Management launched the Al Mal Real Estate Fund in January 2007, invested in an accelerated manner, and has already reflected significant appreciation in a number of its underlying holdings.  Going forward, Asset Management will close its $ 100 Million Private Equity Program for subscription in May, and by midyear will launch the Al Mal MENA Equity Fund, an open-end fund investing in equity markets across the MENA region.