- Firm wins “Saudi Arabia Asset Manager of the Year”; CEO Gaurav Shah named “CEO of the Year Middle East" -

Al Rajhi Capital, one of the leading asset managers in the Kingdom of Saudi Arabia, today announced two prestigious awards from Global Investor Magazine/ISF, a Euromoney publication, at its Middle East Awards 2012 naming Al Rajhi Capital “Saudi Arabia Asset Manager of the Year” and its CEO, Mr. Gaurav Shah as “CEO of the Year Middle East”. The awards were accepted by Mr. Shah at a ceremony in Doha, where leaders of the region’s financial services industry gathered.

Along with the support of a world-class team, the firm’s offering of creative and well structured investment and market access solutions has increased significantly as have assets under management, making Al Rajhi Capital one of the fastest growing asset managers in the Kingdom today.
"We thank Global Investor/ISF for these awards," said Mr. Shah. “It is a great honour to receive these awards, but more importantly it signifies an exceptional effort on behalf of our entire team, whose dedication and hard work remain at the core of our success and market expertise.”

Speaking at the awards ceremony, Mr Shah added, “The GCC is entering a phase of major economic expansion and the asset management industry has potential for multidimensional growth. The numerous projects underway spanning infrastructure, hydrocarbons, healthcare, education, tourism and transport will require efficient flow of capital into and within the region. The asset management industry is a key enabler in achieving these capital flows.”

He further said, “The role of asset managers includes financial inclusion by providing access to investment products and services, and the importance of financial education in achieving this is critical.” He also stressed the significance of responsible asset management, which involves responsibility to customers, responsibility to the financial system in the country and region, and responsibility to the broader community.
Al Rajhi Capital launched one of the largest Real Estate Income Funds in Saudi Arabia in 2010. It was also the first to launch a Saudi Equity Fund domiciled in Luxembourg offering offshore investors access to the Saudi stock market. Its Commodity Murabaha cash management range has consistently delivered top risk adjusted performance and a suite of multi asset class solutions have been developed to offer clients exposure according to varying risk profiles.

Al Rajhi Capital is focused on developing new products with lesser volatility and greater predictability of returns and in this regard is actively researching and incorporating Sukuks and other income generating assets to its client offering.

The firm has also enjoyed strong success across its investment banking and brokerage activities. Over the past year, it has advised on some of the largest transactions within their respective sectors. At the same time, the firm has also cemented its leadership with a strong and growing share of the brokerage market within the Kingdom, where it has consistently held a top position in terms of market share in recent years. Its ability to remain highly competitive is supported by the use of technology to optimize its client offering and experience.

The firm also continues to expand its economic and equity research coverage to enhance the level of education and knowledge amongst local and regional investors.

Mr. Shah concluded, “With the strong performance and growth achieved by our teams over the past year, we remain committed to delivering excellence for our investors and clients by building on our position as a leader in wealth management and investment banking services in the Kingdom.”

Al Rajhi Capital’s team of professionals is comprised of both local and international talent. Local talent has come to represent more than 85% of the firm’s team. Training and development of local talent remains a priority for the firm and forms the cornerstone of its ability to effectively navigate the market and leverage local and regional investment opportunities on behalf of clients.

Al Rajhi Capital Takes Top Honours at Global Investor/ISF Magazine Awards

Recommended