Jadwa Investment achieves record growth in assets under management in 2016

Updated 17 June 2017
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Jadwa Investment achieves record growth in assets under management in 2016

Jadwa Investment, a leading Saudi Arabian investment management and financial advisory firm, has announced its 2016 full-year financial results. The firm achieved total revenues of SR290.37 million ($77.5 million), representing a 17 percent increase over 2015, and net income of SR109.78 million, a 17 percent increase over the previous year.
Tariq Al-Sudairy, managing director and CEO of Jadwa Investment, said: “Our strong growth in 2016 is a testament of Jadwa’s resilience and strategic discipline in an ever-changing market context. 2016 was also a year in which we achieved an all-time record growth in our assets under management, which reflects our clients’ continued trust in Jadwa’s capability to deliver industry-leading performance. More importantly, we take this as a great responsibility to always adhere to the highest standards of professionalism and prudence, and to consistently act in the best interest of our clients.”
During 2016, Jadwa Investment’s assets under management grew to SR24.7 billion, which represents a record 25 percent increase over year-end 2015. This comes in the context of Jadwa’s three flagship equity funds — Jadwa Saudi Equity Fund, Jadwa GCC Equity Fund, and Jadwa Arab Markets Equity Fund — maintaining their top market ranking since inception. Jadwa also continued to offer an expanded range of investment products to its clients during 2016, including new investment opportunities in the private funds and real estate space.
Looking forward to 2017, the government’s economic reform agenda will be an important driver of Jadwa’s growth strategy. “As we enter a new calendar year, we will continue to expand the scope of our product and service offerings across the investment spectrum in order to address our clients’ evolving requirements and expectations. In particular, we will focus on emerging opportunities from the government’s comprehensive economic reform program, including investment attraction initiatives, privatization plans, and capital market expansion programs,” added Al-Sudairy.
Jadwa Investment offers wide-ranging investment products and services that support both individual and institutional financial goals. With a proven track record in asset management, private funds, private equity, real estate, investment management advisory, and investment banking, Jadwa Investment is a comprehensive financial services firm.


KAUST honors 243 students at graduation ceremony

Updated 17 December 2018
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KAUST honors 243 students at graduation ceremony

King Abdullah University of Science and Technology (KAUST) awarded 243 master’s degree and Ph.D. candidates with their diplomas during its ninth commencement ceremony on the KAUST campus on Friday. 

The ceremony was presided over by members of the KAUST Board of Trustees, including Board Chairman Khalid A. Al-Falih, minister of energy, industry and mineral resources and chairman of Saudi Aramco, and attended by senior KAUST leadership and faculty members. 

Commencement 2018 highlights included the official inauguration of KAUST’s third president, Dr. Tony Chan, and conferral of the university’s first honorary doctoral degree to Ali Ibrahim Al-Naimi, former chairman of the KAUST board of trustees, former minister of petroleum and mineral resources and commencement 2018 speaker. The event also included remarks by 2018 student speaker and KAUST Ph.D. graduate Nada Aljassim, the first KAUST Gifted Student Program participant to receive her Ph.D. from the university. 

In his chairman’s address, Al-Falih said the event was “an occasion … to mark a number of milestones and celebrations … In the past year alone, KAUST has … achieved important advances in research, education, innovation and talent, all while making an impact … in Saudi Arabia and globally.” 

“KAUST has taken its place on the world’s scientific and academic landscape,” Al-Naimi said. “Ideas and innovations (from KAUST) … make a difference when they soar above our nation and around the world.” 

“As a university, we are looking forward to our next decade,” said President Chan, a member of the university’s Board of Trustees for seven years. “In my new position, I am really looking forward to the opportunity and challenge and becoming engaged with Saudi society in general.” 

President Chan noted one aim of his presidency is “to align KAUST’s mission with the Kingdom’s priorities — and in particular Vision 2030. The Kingdom is moving to diversifying the economy and toward innovation and technology, which align with KAUST.” 

Chan said: “We have formed a NEOM Center of Excellence at KAUST with the express purpose of working together with NEOM. One of our senior faculty members, Professor Carlos Duarte, is on the advisory board for the Red Sea Project. We have a KAUST Red Sea Research Center and we are located next to the Red Sea, which is a treasure for the Kingdom. We consider it one of our missions to support the projects going on in the Kingdom.” 

“KAUST is still very young, but we see ourselves as contributing to the innovation and economic development of the country and the development of human talent,” he added.