Alef Capital, the Cayman Island-based investment management firm headed by Hossam Shobokshi – the ex-Mena Head of Private Equity at Standard Chartered Bank, has launched Alef Mena Value Fund.
"The Mena markets offer some of the most interesting value investment opportunities in the world today. There is a good number of well managed and positioned companies trading at good discounts of the possible range of their fair values," said Shobokshi, a Saudi national with substantial investment experience across the Mena region.
"Alef Capital keeps things simple. The focus is solely 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," said Shobokshi.