Overview

Who We Are

Milaha Capital is a wholly owned subsidiary of Milaha and one of its strategic pillars. As the financial hub and investment arm of Milaha Group, Milaha Capital aims to exclusively cater to all of the Groups’ investment management needs with shareholder value creation set as the primary objective.

What We Do

Asset Management
(Principal Investment)

  • Build and revise investment strategy and rationale
  • Optimal asset allocation
  • Local equity and real estate market asset management
  • Muster deep knowledge of the local market
  • Manager selection when needed

Core Strengths

With a strong on the ground in-house team, Milaha Capital’s Asset Management core strengths deliver:

Domestic Listed Equity Portfolio Management

  • A well-diversified listed equity portfolio invested in the Qatar Exchange
  • An impressive track record of outperforming the index
  • Represents approximately 49% of our total assets under management

Real Estate Portfolio Management

  • Active management of both, investment and development properties in our portfolio
  • Represents approximately 48% of our total assets under management

Private Equity Investment

  • Utilize unique positions to exploit non-strategic business opportunities
  • Capitalize on Groups strong local and global network

Real Estate Services

  • A sound track record of property development projects in Qatar

Listed Equity Portfolio

Milaha Capital has two (2) domestic listed equity portfolios managed in-house:

Long-term Portfolio

  • Manage a large portfolio of blue chip company stocks with a long term investment horizon
  • Portfolio represents a good percentage of the Qatar Exchange Index
  • Passive investment management strategy focuses on growth through dividends and
    capital gains
  • Our top four (4) holdings in the long term portfolio for the period ending December 31, 2017:

 

Stock % of Available-For-Sale Listed Equity Portfolio
1 Qatar National Bank (QNBK) 47.3%
2 Qatar Electricity & Water (QEWS) 29.3%
3 Qatar Insurance (QATI) 6.0%
4 Masraf Al-Rayyan (MARK) 5.7%

 

Active Portfolio (Prop Book)

  • Actively manage the listed equity portfolio fully invested in the Qatari stock exchange
  • Have an experienced in-house team who actively overseas the portfolio with the target of outperforming the Qatar Exchange Index by identifying undervalued/overvalued stocks
  • Milaha Capital’s portfolio active returns compared to Qatar Exchange Index are summarized as follows:

 

Year Milaha Capital QE Index Active Return
2013 36.1% 24.2% 11.9%
2014 37.0% 18.4% 18.6%
2015 -1.5% -15.1% 13.6%
2016 5.0% 0.1% 4.9%
2017 -8.5% -18.3% 9.9%
YTD – Jun 2018 14.3% 5.9% 8.5%

Real Estate Investment Portfolio

  • Milaha Capital has a relatively large portfolio of real estate assets that are spread across Qatar with exposure in the residential, commercial and showrooms/retail market.
  • Property management is proactively handled by our in-house team whilst facility management services for our investment properties are substantially outsourced.
  • Investment properties represent the majority of Milaha Capital’s real estate portfolio in terms of property values.
  • The revenue recognition methodology adopted for our investment properties constitutes the rental income earned during the leased period and does not include revaluation of our investment portfolio. In addition, development projects do not contribute to revenues through revaluations either.

Property Value

  • A brief overview of our investment properties are as follows:
Milaha Tower
Milaha Plaza
Milaha Commercial
Milaha Villas
Tenant
Government Company
Multiple Government Companies
Private Company
Single Tenant
Leased Contract
Long term Lease
Long term Lease
Long term Lease
Medium term Lease
Location
West Bay
C-Ring Road
Old Airport
Old Airport
Usage
Commercial
Commercial
Retail/Showroom
Residential
Occupancy Rate
100%
70%
100%
100%

Investment Properties