The Milltrust SEDCO MENA Fund (UCITS IV) aims to achieve long term returns by investing primarily in companies in the MENA region through a long portfolio of Shariah-compliant equity securities. The team will apply the firm’s research-driven philosophy and process which has provided a strong track record over the medium to long term through all market cycles. The strategy combines a top down thematic reseal with fundamental bottom up investments to build out a high conviction and concentrated portfolio of 30-50 positions across the Middle East.
Established in 2010, SEDCO Capital located in Jeddah (Saudi Arabia) and regulated by Capital Market Authority (“CMA”), is one of the largest privately-owned asset managers in the GCC. SEDCO Capital is a member of the SEDCO Holding (Saudi Economic and Development Holding Company) group of companies which was founded in 1976 and is owned by one of Saudi Arabia’s most prominent families. SC’s Shariah-compliant approach, as well as its commitment to Prudent Ethical Investing and an aligned investment strategy, all add to SEDCO Capital’s track record to deliver world-class investment solutions to institutions, sovereigns, and High Net Worth Individuals.
The Milltrust SEDCO MENA Fund is managed by Yazan Abdeen, one of the most experienced managers with over 13 years of experience in analysing and valuing companies in MENA region. Since joining SEDCO Capital from ING Investment Management Middle East as an in-house fund manager, he has made his mark at the Saudi asset manager and has frequently been recognised by MENA Fund Manager magazine as one of the most influential fund managers in the Middle East and North Africa.