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Based in Tokyo, Japan, Koyal Group is a boutique equity research house and has its foundations set in personal client advisor relationships, and despite being one of the largest equity research houses in Asia we are proud to say we maintain strong interpersonal links between our clients and... More
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  • Koyal Group Enhances Middle Eastern Equity Research 0 comments
    Oct 16, 2013 11:18 AM

    Koyal Group is pleased to announce the hiring of four new team leaders to perform research markets in the Middle East. They will cover Dubai, Abu Dhabi, Kuwait, and Qatar where markets have soared this year.

    Aug. 29, 2013 - TOKYO, Japan - Despite recent tension Syria, Middle Eastern stock markets are thriving, filling the gap left by emerging markets such as China, India, and Brazil where growth is faltering. The Dubai Financial Market General Index has soared 60% this year, including a 7% drop on Tuesday the 27th of August. In Abu Dhabi the market has jumped 50%, in Kuwait the market has climbed 30% and In Oman and Qatar markets are up 20% respectively.

    Koyal Group has made four key hires in order to strengthen its emerging markets research department. The four new hires will head newly created research teams, investigating the markets in Dubai, Abu Dhabi, Kuwait, and Qatar. Jarah Bazzi will be responsible for Dubai, Azad Nassar will cover Abu Dhabi, Matak Salib will cover Kuwait, and Pias Maloof will cover Qatar. They will be based in Tokyo and report to the Global Head of Investment Analysis, Mr Nathan Andrews. The rest of the members of their teams will be announced at a later date, after the heads complete their selection process.

    "The Middle East has had some of the best performing markets in the world this year. There are a number of sectors in the region that are particularly alluring for us; most obviously the region is a major oil producer, the property and tourism sectors have performed quite well over the past year," said CEO Edward Neilson. He continued, "I have the utmost confidence in my new hires, they are from the region which will facilitate communication, as they take business trips to meet with management teams and do on site investigations of potential investment targets."

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