Business & Money | Tuesday 3 March, 2015 12:33 am |

Jadwa Investment, the leading specialist asset management and private equity firm in Saudi Arabia, has won the EMEA Finance Magazine Best Asset Manager in Saudi Arabia award for the second consecutive year and the Best Asset Manager in the Middle East award for the third consecutive year.

The awards recognize Jadwa Investment’s leading competitive position in terms of financial performance and the capabilities of its specialized portfolio management team. The awards committee also noted that Jadwa Investment is the largest independent asset manager in Saudi Arabia by a wide margin.

EMEA Finance Magazine produces detailed reports and analytical data on the financial markets in the Middle East and elsewhere. These prizes are awarded annually and the results are published on its website and in editions of its magazine which are published every two months.

“These awards confirm Jadwa’s strong position as one of the most significant managers of assets in Saudi Arabia and the Middle East,” said Tariq bin Ziad Al-Sudairy, CEO and Managing Director of Jadwa Investment. “I am very proud of the performance of our team. I also extend my thanks to our clients, without whose continued confidence in the firm this achievement would not have been possible.”

Jadwa manages around 19.5 billion Saudi riyals in assets under management, as of the end of January 2015. Of this total, 11.7 billion Saudi riyals are invested in the Saudi and GCC stock markets. Jadwa is the only asset management firm in Saudi Arabia to hold a Moody’s Investment Manger Quality rating of MQ2.

“The EMEA Finance Magazine awards are an important recognition of the work of Jadwa’s team of specialists in asset management and investment,” said Zaheeruddin Khalid, the head of asset management and Chief Investment Officer at Jadwa Investment. “They represent the validation of our investment strategies and mark an important addition to the firm’s track record of success.”

Jadwa’s asset management business has recorded a compound average growth rate of more than 15% since 2007. The firm’s flagship mutual funds have consistently provided top quartile returns over the past 7 years.

“Jadwa Investment remains focused to continue our course of innovation and progress in the development of services and products that are aligned with Shari’ah principles and deliver excellent returns to our clients and shareholders,” said Tariq Al-Sudairy. “Credit for these achievements goes to the entire Jadwa Investment family for their intense efforts and valuable cooperation over the past year.”