London, United Kingdom, 22 June 2016

For the second consecutive year, MENA Fund Manager magazine’s Power 50 2016 list has recognised Yazan Abdeen, Manager of the Milltrust SEDCO MENA (UCITS Fund), and Head of MENA Liquid Assets and Lead Fund Manager at SEDCO Capital, a top Saudi asset manager, as one of the most influential fund managers in the Middle East and North Africa.

MENA FM’s Power 50 list includes the 50 most influential and powerful figures in the region’s asset management community who have left their mark over the years as well as rising stars who are promising to be particularly influential in the year ahead. Hundreds of professionals across the industry are vetted for inclusion in the list every year.

Chief Executive Officer of SEDCO Capital Hasan Al-Jabri, said: “I am very pleased to see that Yazan has been recognised by MENA Fund Manager for the second consecutive year. The MENA FM Power 50 list highlights the most influential fund managers in the industry, and this recognition reflects our team’s solid track record, the wealth of knowledge that we offer our clients, and our company’s investment excellence.”

Abdeen joined SEDCO Capital in October 2013, bringing more than 13 years of experience in analysing and valuing companies in the 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, with a mandate win in managing the Falcom Arab Markets Fund, the launch of the SEDCO Capital GCC Equities Fund on the Luxembourg fund platform, as well as the Milltrust SEDCO MENA (UCITS) Fund.

“This special recognition underlines the fact that our investment process has achieved its goals,” said Abdeen. “I am proud to be part of a team of investment professionals that has undivided support from both the executive team and Board of Directors. SEDCO Capital’s ability to align the interests of investors with those of shareholders has created an achievement-driven environment of which every one of us is proud to be part. Our commitment to investment plans in line with our social responsibility is one of the pillars of our philosophy for future accomplishment.”

The Milltrust SEDCO MENA UCITS Fund, which is led by Abdeen and is domiciled in Ireland, launched in June 2016. The fund sits alongside 4 other actively managed emerging markets focused UCITS funds on the award-winning Emerging Markets Managed Accounts platform. The Fund aims to achieve long term returns for international institutional investors by investing primarily in companies in the MENA region through an actively-managed portfolio of equity securities under the UCITS IV framework, with daily liquidity. The team applies 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.

Simon Hopkins, Chief Executive Officer of Milltrust International Group, said: “We are very excited to have partnered with one of the leading and most influential asset managers in GCC. The launch of this fund broadens our offering to clients, providing access to a portfolio with dedicated MENA equities exposure, and complements our award-winning GEMS investment solutions. We believe this partnership creates compelling investment opportunities across an extremely diversified and dynamic stock market universe.”

Yazan M. Abdeen, Lead Fund Manager & Head of MENA Capital Markets at SEDCO Capital, said: “Saudi Arabia together with all other MENA markets provide a perfect optimizer for an emerging market allocation as they all provide favorable demographics, growth potential in a protected currency environment. Not many other emerging economies can claim such positioning.

At SEDCO Capital, we have the fundamental investing philosophy, combined with a stock-selection based investment process, a dynamic team and a solid track-record that stands in good stead to benefit from the reforming MENA region.”


Notes to Editors:

About Milltrust International Group

Milltrust International (“Milltrust”) is an award-winning global investment organisation located in London and Singapore which offers investment management expertise focused on emerging markets, in liquid investments, real assets investments, and customised wealth management structuring for our affiliate’s regulated wealth management clients in Singapore.

Milltrust is regulated by the Financial Conduct Authority of the United Kingdom and our affiliate East India Capital Management is regulated by the Monetary Authority of Singapore. The Group is owned and managed by an experienced team that has been investing institutional capital for more than two decades. Milltrust’s investment solutions are specifically adapted for sovereign wealth funds, pension funds, banks, insurance companies, corporates, family offices and charitable endowments, which make up the majority of the firm’s clients.

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About SEDCO Capital

SEDCO Capital is a leading asset manager offering investment solutions in a wide scope of geographies and diverse range of asset classes. Having established a strong track record of advisory services and investment management, SEDCO Capital currently manages assets in a diversified spectrum of investments in real estate, equities and other businesses with a total AUM of about 5.1 billion  USD. The company follows the highest standards of corporate governance rules and practices including the use of advanced information technology systems. SEDCO Capital is also the first Saudi asset manager and the first fully sharia compliant asset manager to be a signatory of the United Nations Principles of Responsible Investing (UNPRI). With a successful long term track record, SEDCO is committed to offering innovative Islamic-compliant investment products and today has the largest sharia compliant investment fund platform through its SEDCO Capital Global Funds platform.

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