MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Middle East & North Africa
d) In Dubai, ING IM has an office of 18 employees, out of which there are 7
professionals on the investment side, 4 covering sales and marketing, and the rest are
back-office and office support.
e) Investors are mainly institutional and are MENA-based, including SWFs,
pension funds, family offices and other distribution channels.
Q/ Please elaborate on your asset allocation by type and country.
A/
Country Allocation % Holdings Industry % Holdings
KSA 39.12 Banks 23.79
UAE 25.13 Diversified Operations 12.07
Qatar 18.40 Oil & Gas Services 11.60
Kuwait 5.29 Healthcare Services 7.54
Oman 4.02 Real Estate 6.89
Jordan 2.54 Electric 6.43
Morocco 2.53 Paper & Related Products 4.71
Egypt 0.47 Building Materials 4.59
Bahrain 0.34 Telecommunications 3.92
Cash 2.15 Chemicals 3.60
Total 100.00 Food 3.52
.
Mining 2.88
Transportation 2.12
Holding Companies 1.86
Retail 1.83
Textiles 0.47
Cash 2.15
Total 100.00
54