Al Rajhi Capital wins two awards
Riyadh, October 21, 2012
Al Rajhi Capital, one of the leading asset managers in Saudi Arabia, has won two awards at the Global Investor Magazine/ISF Middle East Awards 2012.
Al Rajhi Capital has been named the “Saudi Arabia Asset Manager of the Year” and its CEO Gaurav Shah was selected as the “CEO of the Year Middle East”.
The awards were accepted by Shah at a ceremony in Doha, where leaders of the region’s financial services industry had 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, said a statement.
"We thank Global Investor/ISF for these awards," said 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, 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.
“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 said. – TradeArabia News Service