premargin

The United Arab Emirates officially decided to exit OPEC and OPEC+ effective May 1, 2026, to pursue a market-driven supply strategy and full production autonomy.
Al Mal MENA Equity Fund reported a monthly return of 3.4% in April 2026, outperforming its benchmark of 1.9%, while the Al Mal UAE Equity Fund gained 2.4% against a 1.5% benchmark return.
Regional macroeconomic forecasts for 2026 MENA GDP growth were sharply revised downward to 1.1% from earlier projections, largely due to geopolitical tensions and logistical risks in the Strait of Hormuz.
Fund management maintained overweight positions in the real estate and energy sectors, specifically targeting ADNOC-linked entities expected to benefit from increased production capacity and infrastructure agreements.

Fund Performance for the month of April 2026