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.


360-degree mentoring to boost Saudi social enterprise sector

Updated 23 May 2019
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360-degree mentoring to boost Saudi social enterprise sector

The King Khalid Foundation (KKF) and Mowgli Mentoring have collaborated to strengthen the growing social enterprise sector in the Kingdom through the provision of 360-degree mentoring, which will support the personal and professional development of social entrepreneurs. The EMCC-accredited mentoring organization is working to built the capacity of Saudi mentors by instilling best mentoring practices and sharing experiences from its 10-year work around the world.

Globally, the concept of social entrepreneurship is increasingly gaining momentum and positive attention as it combines commerce with social good, allowing entrepreneurs to go beyond profit to positively impact communities and societies. Supporting these entrepreneurs, therefore, is in line with the KKF’s vision, which is to have a Saudi society with equal opportunities.

The KKF’s collaboration with Mowgli resulted in the creation of the Athar (Impact) Mentoring Program.

This program aims to build and increase the capacity of Saudi mentors, and equip them with the necessary tools to be able to provide mentorship, support and guidance to social entrepreneurs in the Kingdom. Matching mentors with social entrepreneurs and managing their mentorship relationships is a key benefit of the program.

To commence the mentoring program, Mowgli recently delivered a four-day workshop in the KKF premises in Riyadh. Fourteen professionals and business leaders received training to be 360-degree mentors before being matched with 14 social entrepreneurs. Both groups were provided with the guidelines to build solid foundations for their 1-2-1 mentoring relationships. In addition, the matched pairs will be supported over a duration of six months, during which structured on-going support will be provided to ensure that trust-based and impactful mentoring relationships are developed.

Mowgli Mentoring’s CEO Kathleen Bury said: “We see this program supporting the three themes on which the Kingdom’s Vision 2030 was built upon: Developing a vibrant society, a thriving economy and an ambitious nation. By supporting social entrepreneurs, we’re working toward achieving the Kingdom’s economic aspirations of increasing SME GDP contribution by 20–30 percent by 2030. We are, therefore, excited to be back in Saudi Arabia and are honored to be working with the King Khalid Foundation in delivering this program, and building Saudi Arabia’s mentoring capacity to sustainably support change-makers and their surrounding ecosystems for years to come.”

The key to developing entrepreneurship and fostering economic development lies in having a well-balanced ecosystem with equal investment in four key pillars: Environment (schooling, parenting), finance (working capital, debt and equity financing), infrastructure (incubators, accelerators, utilities and sound legal frameworks) and human capital development (mentoring, skills and knowledge development). Mowgli supports the latter and has successfully delivered more than 110 mentoring programs across the Middle East, North Africa and sub-Saharan Africa.