Manama – TAKAUD, the specialist provider of pensions, savings and investment solutions for the MENA region, announced today that the company’s investment strategies—designed and managed in house by TAKAUD’s investment team—posted record results in 2017 for its Bahrain and MENA region’s savers and wealth management clients.

Leading the way in investment performance is the TAKAUD Global Growth Strategy, with total annual returns for Wealth Management investors of 18.36%. The Sharia Compliant Growth Strategy posted 15.04% returns for investors and the Regional Growth Strategy saw gains of 14.74% for the year.

Wealth Management clients benefited from excellent returns for all the Global strategies in 2017. The Global Balanced Strategy produced returns of 10.82% and the Global Prudent gave 5.86% growth in 2017.

TAKAUD clients favouring the Regional Investment Strategies saw 11.80% returns for the Balanced Strategy and 7.83% for the Prudent Strategy.

TAKAUD’s clients also have access to TAKAUD strategies in Pounds Sterling. These strategies are of particular interest to people transferring UK pensions through a Self-Invested Personal Pension (SIPP) arrangement. TAKAUD’s Wealth Managers and Private Client Managers have expertise advising on whether such transfers are advantageous in individual cases, and on executing the investments.

TAKAUD’s Sharia Compliant Strategies are available both to Retail and Wealth clients, meaning anyone can invest with as little as BD 40 monthly. In addition to the 15.04% annual return achieved in 2017 by the Sharia Compliant Growth Strategy, the Balanced Strategy provided savers with 11.74% returns and the Prudent Strategy posted 5.62% returns.

TAKAUD also offers Retail clients exclusive Managed Index Portfolios from a leading international fund manager. These also posted exceptional returns of up to 13% in 2017.

While TAKAUD offers its Wealth Management clients a competitive fee structure for its strong investment platform, the company also makes all of its strategies and funds available to employees of companies with TAKAUD Employee Savings & Pension Plans. This enables employees to save monthly while investing in top-quality investment products.

TAKAUD’s Wealth Management services are available in Bahrain and through TAKAUD DIFC in Dubai. The company also provides Employee Savings and Pensions Plans to companies through both offices.

All returns are gross of TAKAUD charges. Source: Morningstar Direct.

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About Takaud Savings and Pensions B.S.C (c)
TAKAUD Savings and Pensions B.S.C. (c) is licensed as an Investment Business Firm (Category 1) by the Central Bank of Bahrain (CBB) and is a closed joint stock company incorporated in the Kingdom of Bahrain. The Company has an Authorised Capital of US$ 75 million and a Paid-up Capital of US$ 55 million.

TAKAUD provides pension, savings and investment solutions to individuals and corporations in the local and expatriate communities across the MENA region.

TAKAUD is 50% owned by Kuwait Projects Company (Holding) K.S.C. (c) (KIPCO) and 50% by United Gulf Bank, a member of the KIPCO Group.

The KIPCO Group is one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 32 billion as at 30 September 2017. The Group has significant ownership interests in over 60 companies operating across 24 countries. The group’s main business sectors are financial services, media, real estate and manufacturing. Through its core companies, subsidiaries and affiliates, KIPCO also has interests in the education and medical sectors.

© Press Release 2018