Aljazira Capital wins Thomson Reuters’ ‘Best Brokerage House’ award

Vikas Jain, head of financial institutions segment in Middle East and North Africa at Thomson Reuters, presents the award to Ziad Aba Al-Khail, managing director and CEO of Aljazira Capital.
Updated 22 December 2017
0

Aljazira Capital wins Thomson Reuters’ ‘Best Brokerage House’ award

Aljazira Capital, a company licensed by the Saudi Capital Market Authority (CMA) under No. 37-07076, has been named the “Best Brokerage House” by Thomson Reuters.
The award recognizes Aljazira’s “strong position and commitment to developing and improving its financial and investment services, as well as its ability to keep abreast of changes and developments in the local and international markets, and its success to provide its customers with the best innovative solutions over the past years.”
Vikas Jain, head of the financial institutions segment in Middle East and North Africa at Thomson Reuters, presented the award to Ziad Aba Al-Khail, managing director and chief executive officer of Aljazira Capital, at his office in Riyadh.
This is the third such award granted by Thomson Reuters to one of the largest Saudi brokerage firms. Jain praised Aljazira’s role as a world-class regional provider of Shariah-compliant investment services and solutions, and as one of the most prominent companies offering a complete set of unique value and quality services, with a clear and transparent approach.
Al-Khail attributed the continued recognition of Aljazira over the past years to the great confidence of investors in the company.
“The new award demonstrates the soundness of our methodology and emphasizes the success of our strategy, while at the same time, reinforces our responsibility to continue to deliver and manage an integrated system of investment services and solutions,” he said.
Thomson Reuters, the parent company of English news agency Reuters, based its evaluation on the methodology of measuring the achievements of the last three years, including the scale of development of Aljazira Capital products and services.
The awards aim to inspire a real change in the financial and banking services sector by honoring the providers of innovative solutions and initiatives that promote adoption of best practices and gain global importance, combining industry expertise and innovative technology to deliver critical information to decision makers in the financial markets.


ADIB becomes first bank to join UAEIIC

Updated 23 June 2018
0

ADIB becomes first bank to join UAEIIC

Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has joined the UAE International Investors Council (UAEIIC), making it the first bank in the UAE to become a member in the council. This comes following an approval from the board of directors of the UAEIIC, headed by Sultan bin Saeed Al-Mansoori, UAE minister of economy.

Through this membership, ADIB will join government decision-makers, locally and internationally, with the support of the UAE’s minster of economy, to help remove obstacles, strengthen foreign investment relations and support sustainable economic development.

Khamis Buharoon, vice chairman and acting CEO at ADIB, said: “We are proud to be the first bank to join the UAE’s Investors Council. We are also committed to the development of Emirati investments, which are critical to economic diversification and the UAE’s global economic competitiveness. Important measures have already been taken to secure support and protection and to overcome any challenges faced by Emirati investors abroad, and we look forward to playing an instrumental role in building on these efforts.”

He added: “The establishment of the UAE International Investors Council forms part of broader efforts to advance economic diversification policies that complement the expansion and growth of the UAE’s private sector as well as create a favorable environment that supports national companies investing abroad. The council provides a vital link between investors interested in promising opportunities available in countries with close ties to the UAE and governmental and semi-governmental entities to streamline the investment process. It also serves as a pillar for ensuring the protection of UAE capital abroad through advice, guidance, and logistic support.”

Jamal Saif Al-Jarwan, secretary-general of the Emirates Council for overseas investors, said: “We have the honor to join Abu Dhabi Islamic Bank as an active member of the council, which contributes to enhancing the role of the council’s working environment to support the state’s economic development and to keep pace with developments in the economic, investment and banking sectors in general, since the measure of success depended not only on financial results but also on how it dealt with the needs changing markets, innovative and sophisticated solutions that keep pace with rapid global changes and shifts in those sectors.”

He added: “Emirati investment abroad plays a vital role in more than 70 countries in the world and has a great impact on the soft and reputed power of our young state in the world, which is a great achievement and a strong demonstration of the path of investment of the Emirati investors in the right direction.”