The team of the American University of Beirut (AUB), mentored by Hussein Fares from Arqaam Capital, has won the Local CFA Institute Research Challenge

Outperformance at this level is not accidental — it is structured.

Proud to share that American University of Beirut (AUB) has won the Local CFA Institute Research Challenge following an in-depth equity research report on Jordan Petroleum Refinery Co.

This marks the 4th consecutive year the team has secured first place while Hussein Fares, CFA from Arqaam Capital has had the privilege of serving as Industry Mentor — reflecting the disciplined, institutional framework we bring from Arqaam Capital.

At Arqaam, mentorship mirrors how we approach markets:

* Thesis-led research
* Institutional-grade valuation
* Clear investment positioning
* Intensive preparation under pressure

Congratulations to the outstanding student team:
Haroutun Solakian | Nadim Kmeid | Sara Kalloumeh | Sireen Abou Najem | Nour El Moghrabi

Together with:
Hussein Fares, CFA | Prof. Neveen Ahmad Ahmad (AUB) Mohamad Haidar, CFA and Farida Mardini

And a special thanks to Alia Kheir, CFA – President, CFA Society Lebanon.

A special recognition to Nour El Moghrabi who is also a current part-time intern at Arqaam Capital — a strong example of academic excellence translating into real-market application.

Developing the next generation of analysts and capital allocators is part of how we build long-term market depth.