Unicorn Capital Sponsors Islamic Finance Conference In Istanbul
ISTANBUL, Turkey, May 26/PRNewswire/ -- Unicorn Capital Menkul Degerler A.S. (Unicorn Capital Turkey) announces
its sponsorship of the Leaders in Islamic Finance conference which opens in
Istanbul on Tuesday. The conference will bring together business leaders,
government officials and distinguished scholars from around the world to
discuss the opportunities and challenges as well as the regulatory issues
shaping the global Islamic finance industry today. Unicorn Capital is a lead
sponsor of the conference.
Najib Fayyad, Chairman of Unicorn Capital Turkey, commented:
"Islamic finance has rapidly emerged as one of the most dynamic segments of
the global financial services industry and is today a global phenomenon.
There are Islamic finance institutions operating in over 75 countries and
with assets estimated at around US$700 billion, a figure which is growing at
a rate of about 15% a year. This conference is therefore both timely and
important and provides a valuable forum for industry practitioners and
experts form around the world to exchange ideas."
Unicorn Capital Turkey is a subsidiary of Bahrain-based Unicorn
Investment Bank (Unicorn), an Islamic investment bank with an international
presence in the Middle East, the United States, Malaysia and Turkey. The
company was established following Unicorn's acquisition of Inter Yatirim
Menkul Degerler A.S. in January 2007. Unicorn Capital Turkey offers a broad
range of investment banking products and services catering both to Turkish
investors and investors from the Gulf region seeking exposure to Turkey. The
company's business lines include Corporate Finance, Asset Management (through
its subsidiary Unicorn Portf=F6y), Domestic Capital Markets, International
Sales and Research.
Unicorn Capital Turkey also recently re-launched the Istanbul
Fund, an open-ended fund investing in a diversified portfolio of stocks
listed on the Istanbul Stock Exchange (ISE), where the company has identified
over 106 stocks that currently meet the fund's investment criteria. The
Istanbul Fund also invests in global Islamic bonds. The fund's investment
objective is to provide investors with long-term growth through exposure to
attractive Turkish equities with a balanced risk/return profile.
Commenting on Unicorn's decision to invest in Turkey and
establish a strategic presence in the country, Fayyad said: "We are excited
about Turkey and the opportunities that the market presents both to Unicorn
and to our clients. Turkey is a dynamic and strong growth market that offers
a wide range of promising investment opportunities, and Unicorn is well
placed to maximize these opportunities by leveraging the local knowledge and
expertise of our team in Turkey as well as Unicorn's global structuring and
placement capabilities. We are committed to being a leading provider of
innovative, competitive and well-structured investment banking products and
services and an active participant in the Turkish market."
Notes to Editors:
About Unicorn Capital Turkey
Headquartered in Istanbul with a branch office in Ankara,
Unicorn Capital Turkey is licensed by Turkey's Capital Markets Board (CMB) to
undertake a broad range of investment banking activities. The Company was
originally the investment banking unit of the Interbank Group but became an
independent company in 1996. In January 2007, Unicorn Investment Bank
(Unicorn), a leading Bahrain-based Islamic investment bank, acquired a 75%
equity stake in the Company, including 100% of Class A (Management) shares.
In December 2007, Unicorn increased its stake in the Company to 81.8%.
Unicorn Capital Turkey offers clients a broad range of
investment banking services, including Corporate Finance, Asset Management
(through its subsidiary Unicorn Portf=F6y, previously known as Inter Portf=F6y),
Domestic Capital Markets, International Sales and Research. The Company's
acquisition by Unicorn Investment Bank leaves it well-placed to offer an
enhanced range of innovative and competitive investment products and services
tailored to meet the unique requirements of each of its clients.
Media Contacts
Mai Aljishi
Corporate Communications
Unicorn Investment Bank
Phone: +973-17566071
Email: maljishi@unicorninvestmentbank.com
Samantha Bartel
Buchanan Middle East
Phone: +971-43698555
Email: samantha.bartel@buchananme.com
Source: Unicorn Capital Turkey
Media Contacts: Mai Aljishi, Corporate Communications, Unicorn Investment Bank, Phone: +973-17566071, Email: maljishi@unicorninvestmentbank.com; Samantha Bartel, Buchanan Middle East, Phone: +971-43698555, Email: samantha.bartel@buchananme.com
2008-05-26 06:46:00 0370043 PRNEWSWIRE