Manama, November 21,2016 

TAKAUD, the specialist provider of savings, investment and pension solutions for the MENA region, and Ahli Capital Investment Company K.S.C.C., have signed an agreement that provides Ahli Capital with access to TAKAUD’s Sharia-compliant Investment Strategies, which comprise the best performing Sharia-compliant mutual funds globally. The Investment Strategies are available in three investment risk profiles and have significantly outperformed their respective benchmarks over a 5 year period.

“TAKAUD is pleased to be selected by the investment arm of Kuwait’s fourth-largest bank to provide savings and investment solutions that span a great range of investment needs,” Luc Métivier, TAKAUD CEO said. “Ahli Capital clients will now benefit from our stringent investment-screening processes. We always aim to offer significant value to investors, and they will continue to benefit from our ongoing refinements.”

Muhsen M. Al Harbi, CEO of Ahli Capital said, “This partnership with Takaud will help to increase the range of investment solutions we can offer our clients. This arrangement will increase the depth and breadth of our product range. We are quite excited about this new relationship and we believe our clients will certainly benefit from this arrangement.”

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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.

TAKAUD provides long term savings, investment and pension 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$ 33 billion as at 30 June, 2016. The Group has significant ownership interests in over 60 companies operating across 26 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.

TAKAUD Savings and Pensions B.S.C. (c), 
UGB Tower 7th Floor | Diplomatic Area |P.O Box 65167| Manama| Kingdom of Bahrain 
Office: (+973) 17511611 
Email: info@takaud.com
www.takaud.com

© Press Release 2016