Al Mal Capital reported negative performance for March 2026 across its equity funds due to escalating regional geopolitical tensions; the MENA Equity Fund declined 7.3% (NAV USD 10.52) while the UAE Equity Fund fell 12.0% (NAV AED 1.91).
The UAE Equity Fund outperformed its benchmark by 2.4% despite the sell-off, while the MENA Equity Fund underperformed its benchmark by