AlefMENA Value Fund -MENA Region First
Value Fund launched by Alef Capital
March 15, 2010 06:13 AM Eastern Daylight Time
GEORGE TOWN, Cayman Islands--(EON: Enhanced Online News)--Alef Capital, the Cayman Island based
investment management firm headed by Hossam Shobokshi the ex MENA (Middle East North Africa ) Head of
Private Equity at Standard Chartered Bank, launched Alef MENA Value Fund - as the first MENA focused value
"The MENA markets offer some of the most interesting value investment opportunities in the world today. There are
a good number of well managed and positioned companies trading at good discounts of the possible range of their
fair values," states Shobokshi, a Saudi national with substantial investment experience across the Middle East and
North Africa region.
Alef Capital stated approach is to ignore macro market predictions as well as technical analysis and focus on the well
proven method of value investing.
"Alef Capital keeps things simple. The focus is solely on two things and only on two things - quality of the company
and the price we pay for it. Recently for instance - we are experiencing what we call 'the GCC Shopping Festival'.
We are actively buying securities of several well managed and well positioned businesses in the UAE and other GCC
countries that are trading at substantial discounts. The abundance of value opportunities in the GCC is a relatively
recent phenomenon as in the past couple of years good value opportunities in the MENA region were only available
in the North Africa and Levant markets," commented Shobokshi.
Alef MENA Value focuses on partnering with investors that exhibit demonstrable business acumen and experience, a
heritage of ethics, modesty, and long term patience. "We, at Alef Capital, are truly blessed that Alef MENA Value
has commenced having some of the most reputable and successful business families from Saudi Arabia , Egypt , and
Lebanon to form the initial cornerstone investors as well as serving as the core board membe