Dubai – Mubasher: Moody’s has rated Mashreq Capital at “very good” (MQ2) for its investment manager quality assessment, according to a statement.
The rating is based on Mashreq Capital’s "solid track record and investment performance relative to benchmarks and peers", in addition to "the very strong operational and financial support from its parent company, Mashreq Bank," according to the company.
Mashreq Capital's assets under management (AUM) grew to $1.5 billion in December 2016 from $265 million three years earlier.
