High growth SMEs dominate 2014 Gulf Capital SME Awards

High growth SMEs dominate 2014 Gulf Capital SME Awards
October 30, 2014

 Five out of nine winners grew by at least 100% last year

Combined annual turnover of winning SMEs exceed AED144 million

 Women named Entrepreneurs of the Year

Dubai, United Arab Emirates; 30 October 2014 – High growth SMEs proved to be a dominant force in the recently concluded 2014 Gulf Capital SME Awards, with five out of the nine winners growing by at least 100% based on last year’s turnover.

Overall, winners of the latest edition of the UAE’s highly sought-after business recognition programme reported an average growth rate of 309%; and recorded a combined turnover of AED144 million last year.

"The impressive turnover performance and growth rate of this year’s winners are a testament to the robustness of the SME sector in the UAE and an affirmation of its increasing role as an engine of growth for the economy. We salute the winners and hope that they continue their growth trajectories as opportunities continue to open up in the Emirates. Gulf Capital is focused on backing and investing fast growing companies in the Gulf region and we are proud to be associated with these winners and the SME awards,” said Dr. Karim El-Solh, Chief Executive Officer, Gulf Capital, one of the leading alternative investment firms in the Middle East and headline sponsor of the awards.

SweetBeam, the Dubai-based global leader in individual Marketing of luxury hotels and resorts, which grew 400% last year won the Gulf Capital Business of the Year, DHL People and Culture of the Year, and Business Innovation of the Year awards.

The RSA Start-up Business of the Year award went to The Camel Soap Factory, manufacturers of soaps using camel milk, which last year registered an impressive 1000% growth rate – the highest in its five-year operations.

Elevision Media, a leading provider of news, information & advertisements inside elevators of premium commercial and residential towers in the UAE, won this year’s MasterCard Small Business of the Year, impressing the judges with its 688% growth rate last year

Meanwhile, the Emirati Business of the Year award went to DGT LLC, a general trading company based in Dubai, owned and set up by UAE national, Ibrahim bin Shaheen. The company grew by 125% last year, and is poised to take its operations internationally to Pakistan and Oman.

Launched in Dubai in 2012, Doctoruna, a doctor-patient website, has since expanded exponentially, growing 470% last year, expanding its operations to Abu Dhabi and Sharjah; as well as reaching out to as far as Cairo, Egypt and Amman, Jordan. Connecting patients with healthcare providers, Doctoruna is this year’s winner of the Online Business of the Year award.

“Impressive financial performance turned out to be a key factor in the determination of the winners this year, although all entrants were evaluated on so many different levels, including innovation, sustainability, customer focus, employee engagement, corporate culture, management style, among other factors,” said Becky Crayman, Head of Awards, MEED, organisers of the Gulf Capital SME Awards. “In addition, each SME owner also had to present their case before an esteemed panel of judges on why they think they should be the winner in any of the 11 categories of the awards programme.”

Women entrepreneurs again took the spotlight this year, when Camilla and Lucy d’Abo, Managing Partners of DABO & CO, one of the leading communications companies in the region, were

honoured as this year’s joint Entrepreneurs of the Year award.. The other individual award was given to Dr. Sassan Dieter Khatib-Shahidi, CEO of leading toner cartridges manufacturers, German Imaging Technologies (GIT) Dubai LLC, who won in the Business Leader of the Year category.

Rounding up this year’s winners are PROTRAINING, a training consultancy firm, which won the Customer Focus of the Year award; and Summertown Interiors, a LEED Gold certified fit-out contactor, specialising in delivering green interiors, this year’s winner in the Sustainable Business of the Year category.

The winners of the 2014 Gulf Capital SME Awards were congratulated at a glittering ceremony held at The Ritz Carlton, Dubai yesterday evening.

Press Release (Arabic)

Al Bayan
Al Ittihad
The Gulf Today


Fraud Alert

Fraud Alert - Important alert to Gulf Capital Investors,Shareholders, the Financial Services Community and the Public

Fraudsters are engaging in a fraudulent email and website scams whereby websites and communications are targeting members of the public and potential investors (victims) by fraudulently using the identity of legitimate members of Gulf Capital's Executive team or Gulf Capital's Board of Directors to solicit investments, fake job offers and other dealings, without authority, and for a malicious purpose. Neither Gulf Capital's Chief Executive Officer nor any members of its Board of Directors or other members of its Executive team have made any offers for investment partnership, offers of employment or other dealings through these channels and the names, and identities of such individuals are being used illegally and without their consent.

Gulf Capital and its management have taken and will continue to take legal action against anyone found misusing Gulf Capital's name or the names or identities of any members of the Board of Directors of Gulf Capital or Gulf Capital's Executive team illegally or without consent for whatever reason.

Report Scams

We invite you to immediately contact fraud-detection@gulfcapital.com* if any of the following occur:

  1. You have received any unsolicited correspondence or investment advice or you think you have been contacted in relation to a possible scam (whether by telephone, email or courier) by sources fraudulently impersonating Gulf Capital's Board of Directors or any members of Gulf Capital's Executive team.
  2. You have received notice from anyone outside of Gulf Capital informing you or raising concern regarding the fact that they may have been contacted by any sources fraudulently impersonating Gulf Capital's Board of Directors or any members of Gulf Capital's Executive team.
  3. You have received any communications referencing any of Gulf Capital's Board of Directors that you consider are suspicious or which you are not sure how to respond to.
  4. You have any concerns about the authenticity of any website passing itself off as a website operated by Gulf Capital or referencing the names and identities of the Board of Directors of Gulf Capital or any of its Executive team without authority.
*Note: When forwarding suspicious e-mails to fraud-detection@gulfcapital.com:
  1. Do not modify the original subject line or contents enclosed, and do not include any personal or confidential information.
  2. Forward the full internet headers of any suspicious emails to fraud-detection@gulfcapital.com before deleting as this information willhelp Gulf Capital to track the true origin of the correspondence. The internet headers can be found through your e-mail system from within the e-mail. For example, in Microsoft Outlook, you can find the internet headers by opening the e-mail, then choosing "View" and "Options". Depending on the e-mail system that you use, the process for locating the internet headers will vary. We recommend you either copy and paste the internet header and message into a new e-mail or scan the e-mail and full headers and send as a PDF attachment to ensure it is received by fraud-detection@gulfcapital.com.

Protect Yourself

  1. We recommend that you avoid getting into a conversation with any fraudsters or revealingany personal or identifying information, but you should endeavor to record thepurported name of the person and organisation along with any other information they give you (e.g., telephone number, address etc.) and then forward all such information to fraud-detection@gulfcapital.com.
  2. You should obtain independent legal and financial and professional advice before handing over any funds or entering into any agreements in relation to such solicitations.
  3. We recommend that you not respond or open any attachments or links associated with any suspicious e-mails.
Copyright آ© 2017 Gulf Capital Pvt. JSC. All rights reserved.

Illegal Use of Gulf Capital's Name

Phishing Email Alert

Gulf Capital Pvt. JSC has recently become aware of a spate of fraudulent emails purporting to offer financing from, and employment at, Gulf Capital and Gulf Capital Limited (DIFC). and misusing the official Gulf Capital logo and trade name. These emails do not originate from Gulf Capital or any of our affiliates. If you have received any such email, do not click any links in the email or provide any personal information (e.g. your bank details or copies of identity documents).

There are a number of illegal advance fee scams in operation where our name and those of our Board of Directors and Senior Management are being impersonated and abused.

The Gulf Capital name, and sometimes the names of individual employees within our firm, have been used in various fraudulent scam emails, letters and phone calls. These communications typically seek to attract a victim by suggesting that project funding or a job can be obtained by paying an upfront fee. Sometimes fake documents are sent to the victim and websites mimicking the Gulf Capital name and brand are used.

Common themes include:

  • the use of similar domain names designed to appear legitimate; examples include using phishing email accounts from domains such as: @gulfcap-es.com, @gulfcp.com, @gullfinvest.com, @eaglesquare-ae.com, @gulfcainvest.com, board members name@outlook.com, @gulfunioninvestment.com, name@gullfcapital.com
  • offers of work/visa services related to employment in the Middle East upon payment of administrative, medical and other fees;
  • offers of project financing upon payment of a fake surety bond and due diligence fees;
  • forged Board of Directors resolutions approving loans, MOUs, loan agreements claiming "100% refundable" professional service fees;
  • bogus look-alike websites;
  • fake profiles on LinkedIn and My Opportunity purporting be Directors or Management of Gulf Capital;
  • "signed" and stamped contracts purporting to be provided by us regarding project financing; and
  • use of our UAE telephone numbers by criminal impersonators.

This is not an exhaustive list of scams. New schemes designed to steal the business public's money or personal data are being invented all the time or for use in other illegal activities. Please act prudently and sensibly for your own protection and take note of our Fraud Alert on our website. The perpetrators may not always request money or personal details on initial contact, but often wait until the victim has responded.

Please note that Gulf Capital and its Management and Directors have no involvement in these or any other scams, and will vigorously prosecute any violators in tandem with the concerned authorities. Our name is being used in an unauthorized and illegal way. Note that we do not use Gmail, Hotmail, Outlook or Yahoo addresses.

We recommend you delete scam emails and do not reply to scam letters, emails, calls or faxes, and do not send money to strangers. If you need to confirm with us whether a communication is genuine, please contact us at fraud-detection@gulfcapital.com.

I have read and understood the Fraud Alert, Terms & Conditions of Use and Privacy Policy. I accept the terms and condition therein and wish to proceed to the Gulf Capital website.

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وتود شركة جلف كابيتال أن تحذر عامة الجمهور من هذه الأنشطة الاحتيالية التي يزعم الاضطلاع بها باسم الشركة و/أو باسم موظفيها؛ وستقدر لفت انتباهها إلى أي مراسلات مشبوهة.

يرجى الانتباه إلى ما يلي:

  • · لا تمنح شركة جلف كابيتال أي قروض شخصية أو تمويل شخصي.
  • لا تمارس شركة جلف كابيتال أي أعمال مع اسواق العملات العالمية و السلع و المعادن