Major shift in investment preferences in the region (Interview)

Majid Al Futtaim Asset Management evolved from Majid Al Futtaim Trust. Mafam launched its Elite Mena Equity Fund in April this year. Habib Oueijan, Managing Director of Mena in Majid Al Futtaim Asset Management, says the company would continue with its relatively conservative approach to investing.

"We are fundamental investors – we target growth and value stocks. Our objective is long-term capital appreciation while preserving capital. We aim to capture the market upside while keeping our risk in check. This has been our approach since we first started managing the family office, and this is an approach that we will continue with," he told Emirates Business. He is bullish on Mena markets and is a strong advocate of adopting a long-term approach to investment.