- Awarded “Best Asset Management Firm” by "Banker Middle East" -

Al Rajhi Capital, one of the leading asset managers in the Kingdom of Saudi Arabia, announced the receipt of a prestigious award from Banker Middle East, a CPI Financial publication, as part of its Banker Middle East Industry Awards 2013 naming Al Rajhi Capital “Best Asset Management Firm” in the middle east region.

Organized by CPI Financial, this year's awards ceremony brought together over 450 top financiers and 200 institutions from across the GCC to celebrate the achievements of the banking industry. In total, 49 awards were announced across a variety of financial services including private banking, asset management, corporate, retail, investment, and fund management.

The award recognized Al Rajhi Capital as the pre-eminent asset management firm in the region. Al Rajhi Capital has been the pioneer in introducing numerous innovative investment solutions including the first real estate income generating fund to raise capital of close to SAR 1 billion, the first Saudi Equity fund domiciled in the Credit Suisse platform in Luxembourg, Islamic Capital Protected solutions linked to regional equity markets, and an Islamic money market fund with performance linked fees only and zero fixed fees.

"We thank Banker Middle East and are pleased that the efforts of the entire Al Rajhi Capital team have been further recognised through this award." said Gaurav Shah, CEO of Al Rajhi Capital.

“At Al Rajhi Capital we are focused on delivering superior investment performance and client service. We remain committed to offering tailored investment solutions to meet our clients' needs now, and as they evolve in the future. A key element to our asset management success is our investment in a fundamental research driven investment platform. This helps us disseminate focused and expert research to ensure that best ideas are included in our client portfolios." continued Mr. Shah.

Al Rajhi Capital is the leading provider of asset management services in the GCC with over SR 30 billion in assets under management at the end of June 2013. It offers both discretionary portfolio management services and investment funds to clients across Equities, Commodity Murabaha, Real Estate and Multi Asset Class solutions.

Al Rajhi Capital Recognized for Being the Most Innovative Asset Management Firm in the Middle East

Al Rajhi Capital Recognized for Being the Most Innovative Asset Management Firm in the Middle East

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