(MENAFN- Arab News) NCB Capital the leading provider of wealth management services in the GCC and Saudi Arabia's largest asset manager has won the best asset manager in the Middle East Award at the Islamic Business & Finance Awards 2014.

Presented at a gala ceremony in Dubai which was attended by more than 200 leading Islamic bankers and financiers from around the world the awards celebrate achievement among Islamic banking and finance institutions across three continents.

Sarah Jammaz Al-Suhaimi CEO of NCB Capital said: 'We are delighted and honored at receiving this prestigious award which recognizes excellence in the global Islamic finance industry. The award reflects on our commitment to servicing our client's needs and consistently delivering superior risk-adjusted returns and is only possible because of the experience and world-class expertise of our asset management team.'

Adding his comments Adam Broom CEO of CPI Financial publisher of Islamic Business & Finance said: 'Our Awards set a clear benchmark for excellence in the global Islamic finance industry as it continues to grow and develop. We are honored to mark another year of success for our winners from around the world.'

NCB Capital was launched in April 2007 as the first investment banking subsidiary in the Kingdom of Saudi Arabia. With a strong commitment to innovation NCB Capital launched the world's first Shariah-compliant real estate fund and was the first Saudi investment house to provide clients with hedge funds and tailored structured products.