From "Global Banking and Finance Review"
Kuwait: Saudi Kuwait Finance House (SKFH) won best Initial public offering IPO fund award for the year 2015 from "Global Banking and Finance Review", a leading financial Magazine offering News from the world of finance. The Magazine selected SKFH sharia-compliant IPO Baitak Fund as the best fund in the Kingdom of Saudi Arabia for the year 2015 to recognize SKFH's accomplishment, achievement, and innovation in wealth management and its excellence in offering unique investment products.
Eng. Tareq Al-Rikhaimi SKFH-CEO, stated on receiving the award during Global Banking & Finance Review Awards ceremony held in London, in presence of Manager Investment Funds in Asset Management Khaled Feda, that this achievement confirms SKFH's robust position and prestigious status as the best financial institution in the Islamic finance industry at the local and global level. It boosts investors' confidence in the efficiency of development plans in the company and reflects their interest in investing in IPO market.
"IPO Baitak Fund" is a collective investment scheme tailored for investors wishing to achieve competitive returns. It allows investors to benefit from the considerable growth opportunities available in the emerging and new companies, not to mention guarantees achieving the optimal balance between the risk and return to maximize the latter and to ensure risk-adjusted performance for the investors." added Al-Rikhaimi.
Saudi Kuwaiti Finance House is a closed joint stock company with a capital of SR 500Mln fully paid. It is a subsidiary of KFH-Group incorporated and registered in the Kingdom of Saudi Arabia licensed by the Capital Market Authority (CMA) of Saudi Arabia CMA for dealing principal and underwriter, managing investment funds, discretionary portfolios, arranging, advising and custody.
© Press Release 2015
