Press Release – 25th February 2021

We are happy to advise that AK Jensen Group Ltd (AKJ) has acquired FMG (Malta) Ltd (FMG), subject to regulatory approval by the competent authority. FMG partners and staff members are very excited and are looking forward to the future, where we will all remain as...

FMG Iraq Fund gained 1% in the 4th Quarter, and 3% for 2020

In the fourth quarter the Iraqi market, as measured by the Rabee Index, decreased by 5% which was in sharp contrast to the broad-based global rally. We were not too happy witnessing the disparity, but ones again it proves that the ISX remains one of the few...

FMG (EU) MENA Fund gained 7% in the 4th Quarter, and lost 7% for 2020

Not many would have predicted that the MENA markets would finish the year largely flat, knowing that the price of oil would stay below USD 40 a barrel for most of the year. Markets were supported by the currency pegs with the USD which have reduced funding rates and...