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Apr 17 2010

Jadwa Investment Wins best GCC Equity Fund and Best Arab Equity Fund

According to the classification of "Failaka", the first research and advisory firm to monitor advances in the field of Islamic investment funds,

Jadwa received two awards "Best Arab Equity Fund" and "Best GCC Equity Fund" for the second consecutive year for outstanding performance in 2009.

Commenting on this achievement, Mr. Ahmed Al-Khateeb, Managing Director and CEO of Jadwa Investment said: "We thank God for this achievement and we are honored to receive the awards which come as a result of the efforts of my skillful and experienced colleagues at Jadwa Asset Management, making our win of the awards a possibility. And this achievement is proof of our abilities and motivates me and my colleagues to do more in our march to the ultimate goal we strive for 'becoming the leading provider of Islamic investment services in the region"

On his part, 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: "We faced several challenges last year in our investment strategies because of uncertainty of the global economic environment. We still see many promising investment opportunities in our regional markets; we will actively seek to utilize them optimally, which in return will achieve and exceed expectations and expected returns to our investors and partners. Our team's capabilities and investment process are second to none Jadwa 's performance is based on consistency of returns. Our performance speaks for itself and these rewards are proof".

Jadwa Investment has more than 7 Billion Riyals of assets under management which ranks Jadwa as the top asset manager amongst the new investment companies licensed from the Saudi Capital Market Authority.

-Ends-

© Press Release 2010

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