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Saudi Wealth Management Company Launched In Jeddah With Strategic Asset Portfolio Of Sar 11 Billion

CEO Mr. Hassan Aljabri: "Partnership is at the heart of SEDCO Capital since the company was founded to share its expertise with other investors seeking innovative wealth management solutions."
Jeddah, June 13, 2011: Following receipt of its license from the Saudi Arabian Capital Market Authority last year, SEDCO Capital was officially launched today in Jeddah as a new wealth management company that focuses on Super and Ultra High Net Worth individuals, sophisticated institutional investors and family offices.

Headquartered in Jeddah, SEDCO Capital is a member of SEDCO Holding group of companies, which was founded in 1976 and is owned by one of the most distinguished banking families in the Kingdom of Saudi Arabia, the Binmahfouz family.

SEDCO Capital 's team, which previously worked for SEDCO Group and has successfully managed the wealth of the Bin Mahfouz family since 1996, now puts its global wealth management expertise at the service of investors who wish to participate as partners.

"Partnering with our clients is our approach at SEDCO Capital . It was founded by SEDCO Holding to share its access to opportunities, investment advice and professional services with other investors seeking innovative wealth management solutions in Saudi Arabia and across the globe," said Abdelelah bin Mahfouz, Chairman of SEDCO Capital . "Furthermore, endorsing our commitment to partnership SEDCO Group of companies will serve as a sizable co-investor in the investment opportunities that SEDCO Capital brings to market."

Expanding on Mr. Abdelelah's introduction, CEO Hasan Al Jabri said: "Partnership is at the heart of SEDCO Capital , our mission is to take care of our clients' wealth and to add value without taking excessive risks. SEDCO Capital 's team of 26 CMA registered professionals, who together have more than 500 years of experience in asset management, provide our clients with sustainable growth and good returns by applying the proven investment process and risk controls that it has perfected over time to select best-in-class products and opportunities from across the globe."

Al Jabri went on to say: "To complement our Saudi-based team we have built a global network of investment relations with more than 100 managers around the world specializing in public equity markets, private equity space and real estate investments. We believe this combination of local and international expertise allows SEDCO Capital a wider range of options to fulfill the individual needs of our clients."

Already strongly established as a global player, SEDCO Capital manages, advises, monitors and reports on an investment portfolio with a strategic asset allocation amounting to SAR 11 billion. The portfolio covers public equity, private equity, international real estate, sokouk, commodities and also the development of income generating local real estate.

SEDCO Capital exercises strict corporate governance through strong controls and management processes. In addition, all business is conducted entirely according to Shariah principles. Recognized globally as a leader in Shariah-compliant financial products, in 2001 SEDCO Group worked with Dow Jones to make available the extensive family of Shariah compliant indices that is used to benchmark Shariah compliant equity managers today.

Launched at a time when the Kingdom of Saudi Arabia is enjoying great prosperity and economic stability under the visionary leadership of the Custodian of the Two Holy Mosques, SEDCO Capital is strongly positioned to make a highly important contribution to consolidating the Kingdom's wealth by preserving and growing it for future generations.

-Ends-

About SEDCO Capital
SEDCO Capital is a wealth management company headquartered in Jeddah, Saudi Arabia, offering Asset Management, Advisory, Corporate Finance and Custody services to high net worth individuals, family offices and institutions.

Established in March 2010 under license from the Saudi Arabian Capital Markets Authority, SEDCO Capital is a member of SEDCO Holding group of companies, founded in 1976 and owned by one of the leading banking families in Saudi Arabia, the Binmahfouz family.

SEDCO Capital manages, advises, monitors and reports on an investment portfolio with a strategic asset allocation amounting to SAR 11 billion. Of this total SAR 5 billion is in public equity, SAR 3 billion in private equity and SAR 3 billion in international real estate. The portfolio covers fixed income, commodities and also the development of income generating local real estate.

The investment team in Saudi Arabia consists of 26 CMA registered investment professionals who have 300 years of collective experience in asset management. To complement its Saudi-based team SEDCO Capital has built a global network of more than 100 managers around the world with expertise in public equity markets, private equity space and real estate investments.

SEDCO Capital exercises strict corporate governance and implements strong controls and management processes, including highly developed information systems. Each of the company's business activities and investments are conducted entirely according to Shariah principles and are approved by its Shariah advisor.

© Press Release 2011