United Capital wins five Pearl’s awards
The United Capital Plc has won five awards, three of which were in the main competitive award category at this year’s Pearl Nigeria Awards.The firm also received the overall highest award ‘The PEARL’ ousting AIICO Insurance Plc and Total Nigeria Plc.
‘The PEARL’ award was based on United Capital’s outstanding operational and stock performance in 2016.Other awards won by United Capital Plc included Sectoral Leadership Award, Financial Services – Other Financial Institutions (Main Competitive Award Category), Sectoral Leadership Award, Highest Dividend Yield (Main Competitive Award Category), Good Corporate Governance Award (Special Recognition Award Category) and Outstanding CEO of the Year Award (Honorary Award Category).
The PEARL Awards Nigeria is one of Nigeria’s foremost award recognition bodies focused on rewarding corporate excellence in local institutions and promoting healthy competitiveness among quoted companies through growth, diversification and innovation, and ultimately leading to improved performance on the Nigerian Stock Exchange (NSE).
It has a been a bright year for United Capital Plc having surpassed market expectations increasing revenue by 27.8 per cent in Q3 despite the sustained macro-economic market downturn throughout the year.
In addition to the outstanding accolades awarded to United Capital at the ceremony, it also bagged a number of market leadership awards this year, including ‘Deal of the Year’ Award at the 2017 BusinessDay Banker Awards for their strategic role in executing Nigeria’s first ever $300 million Diaspora Bond and the Group’s CEO, Oluwatoyin Sanni, was awarded ‘Business Woman of the Year – West Africa’ at the CNBC Africa’s All African Business Leaders Awards (AABLA) in October.
As the 2017 CEO of the Year Award recipient at the PEARL Nigeria Awards, Mrs. Sanni is the first ever female CEO to win this award in their 22 years’ history.
The strong performance of United Capital has not gone unnoticed by shareholders either. Within the last month, the United Capital (UCAP) share price has seen a number of upward spikes as a direct response to the various market accolades. On October 31, the firm’s share price was N3.01, which rose to N3.38 on November 6, resulting in a 12.3 per cent appreciation in less than a week.
United Capital’s ability to remain resilient and committed to its Pan African strategy to be the financial and investment role model across Africa, deploying innovation, technology and specialist skills to exceed client expectations while delivering superior value for all stakeholders, is a testament to their position as a market leader in Africa.
New offerings such as Wealth Management, a Wealth for Women Mutual Fund, a Nigerian Eurobond Mutual Fund, and upgraded online trade platform ‘InvestNow 2.0’, are just a few examples of United Capital’s dedication to capital market development and ensuring customer service excellence.
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