Kingdom of Saudi Arabia - Al-Riyadh 23 April 2011 - Jadwa Investment was honored with five Failaka Islamic Fund Awards at their annual awards event. Jadwa's GCC Equity Fund was named Best GCC Equity Fund for both One Year and Three Year performance, and Jadwa's Arab Equity Fund was named Best Arab Equity Fund for both One Year and Three year performance. Russell Jadwa Emerging Markets Equity Fund was awarded Best Emerging Markets Fund for One Year performance.
Failaka is a leading Islamic research institution, performing studies of financial and investment markets. It provides services to a large segment of the financial sector, including fund managers, banks, research firms and other entities specialized in investments compliant with Islamic Shariah.
This is the third year in a row that funds managed by Jadwa Investment have received awards from Failaka, reflecting the consistently high levels of performance of its mutual funds.
This recognition is in addition to several awards conferred on Jadwa Investment over recent months, including Best Asset Manager in the GCC - 2010, Best Asset Manager in Saudi Arabia Award - 2010, and Best GCC Fund Award 2010. Additionally, Jadwa Investment has been rated as one of the top asset management companies in Saudi Arabia in 2010, while its Saudi Arabian Equity Fund was added to the list of Top Saudi Equity Funds 2010.
Commenting on the awards, Managing Director and CEO of Jadwa Investment, Ahmed Al-Khateeb said: "Our commitment to our clients emanates from a singular, strong foundation- our long-term goal to become one of the top asset managers. Our performance results from our ability to remain consistent throughout a range of market conditions, whether good or bad. Delivering this performance consistently requires highly qualified professionals, and the regulations and procedures that facilitate our work. This was recently validated by Moody's, who awarded Jadwa Investment a Managerial Quality rating of MQ2, the second highest rating given to asset managers."
Fadi Tabbara, Chief Investment Officer and Head of Asset Management, expressed his joy at the achievement, saying: "Winning these awards is primarily due to the grace of God, then the distinction of the company's asset management team, which has excelled in terms of performance in comparison with those of our competitors. These consecutive awards are a confirmation of the soundness of the investment strategies pursued by our team, which has led to continuous growth of these investments."
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About Jadwa Investment
Founded in 2006, Jadwa Investment is a leading Saudi investment bank with paid up capital of SR 568,490,000. Jadwa is licensed by the Capital Markets Authority (CMA) to offer the full range of investment services, and is active in asset management, investment banking, brokerage and research.
All investment services offered by Jadwa Investment are fully Shariah-compliant.
© Press Release 2011
