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Feb 09 2010

Jadwa wins Best Saudi Equity Fund award

JEDDAH: Jadwa Investment has won the "Best Saudi Equity Fund" award in Dubai, it was announced on Monday.

The award was given to Jadwa for its Saudi Equity Fund performance in 2009 at a ceremony held recently in Dubai by MENA Fund Manager magazine.

Ahmed Al-Khateeb, managing director and CEO of Jadwa Investment , attributed this achievement to Jadwa asset management's skilled and experienced team. "This prestigious award proves the success of our strategy, our dedication to this business and to set records in a short time, and our dedication to world-class investment and asset management practices. It also highlights our pursuit of Jadwa 's ultimate goal of becoming the leading provider for Islamic investment services in the region" Al-Khateeb added.

Jadwa 's head of asset management and chief investment officer, Fadi Tabbara, recognized the enormous effort made by his team for this achievement with active research, and commented: "Our strategy of active and disciplined fund management has played an important role in achieving the fund's outperformance. We believe that the Arab markets in general and the Saudi market in particular present attractive long-term opportunities based on strong economic fundamentals and sustained growth of companies listed in these markets".

The Best Saudi Equity Fund Award follows a series of awards won by Jadwa Investment , the most recent being the "Best GCC Equity Fund" granted by "Failaka" and the "Best Fund Manager in Saudi Arabia" from World Finance International.

MENA Fund Manager magazine is dedicated to providing a cutting-edge insight into the MENA fund management space. Each issue includes the latest news, performance data, profiles, strategy, industry comments and articles aimed specifically at fund managers, investors and service providers in the region.

© Arab News 2010

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