DOHA: Commercial Bank’s Al Waseela Fund has won the prestigious ‘Qatar Equity Fund of the Year’ award at the annual Mena Fund Manager Awards held in Dubai earlier this year.
Commercial Bank’s Al Waseela Fund (F-Class) is managed by EFG-Hermes and provides returns on a diversified portfolio of equities listed on the Qatar Exchange and GCC stock markets. Since its inception in April 2007, the Al Waseela Fund has gained 104.14 percent, achieving an impressive 30.8 percent gain in 2013 and a further 9.49 percent gain this year up until 16 March 2014. Al Waseela Funds F-Class and Q-Class are paying a cash dividend of QAR 0.80 per unit to the Funds’ unit holders registered as of 17 March 2014.
Commercial Bank CEO, Abdulla Saleh Al Raisi (pictured) said: “Commercial Bank offers our customers a number of investment products to suit their personal requirements and appetite for risk. These range from mutual funds such as the Al Waseela Fund, to Asset Management, Bonds, Structured Products and International Share Trading. The Al Waseela Fund has performed exceptionally well for our customers and I congratulate EFG-Hermes on this achievement in their role as Fund Manager.” The Peninsula
