RIYADH: Jadwa Investment, a major Saudi investment management and advisory firm, has achieved SR247.47 million in total revenues and SR93.56 million in net income in 2015.
Announcing its full year financial results Wednesday Jadwa Investment said its achievements reflect a 39 percent growth in the firm’s core client business and a 37 percent increase in its client base.
Tariq Al-Sudairy, MD and CEO of Jadwa Investment, said: “In 2015, we continued to deliver strong performance and superior returns to clients in the face of significant market volatility, outperforming the TASI index by 17 percent. These results are a reflection of our diligent investment methodology and unwavering commitment to clients.”
During 2015, Jadwa Investment’s assets under management grew to SR19.8 billion and its flagship equity funds — Jadwa Saudi Equity Fund, Jadwa GCC Equity Fund, and Jadwa Arab Markets Equity Fund — continued to “outperform the market, with all three being the best performing funds” within their respective categories.
These results contributed to reaffirming Jadwa’s investment manager quality rating of MQ2 by Moody’s. In addition, Jadwa launched two new private equity funds totaling over SR1 billion, and raised its first real estate development fund in Makkah.
“Our financial results and business accomplishments in 2015 reflect the resilience and sustainability of Jadwa’s underlying business performance in the context of an ever changing investment landscape.”
Announcing its full year financial results Wednesday Jadwa Investment said its achievements reflect a 39 percent growth in the firm’s core client business and a 37 percent increase in its client base.
Tariq Al-Sudairy, MD and CEO of Jadwa Investment, said: “In 2015, we continued to deliver strong performance and superior returns to clients in the face of significant market volatility, outperforming the TASI index by 17 percent. These results are a reflection of our diligent investment methodology and unwavering commitment to clients.”
During 2015, Jadwa Investment’s assets under management grew to SR19.8 billion and its flagship equity funds — Jadwa Saudi Equity Fund, Jadwa GCC Equity Fund, and Jadwa Arab Markets Equity Fund — continued to “outperform the market, with all three being the best performing funds” within their respective categories.
These results contributed to reaffirming Jadwa’s investment manager quality rating of MQ2 by Moody’s. In addition, Jadwa launched two new private equity funds totaling over SR1 billion, and raised its first real estate development fund in Makkah.
“Our financial results and business accomplishments in 2015 reflect the resilience and sustainability of Jadwa’s underlying business performance in the context of an ever changing investment landscape.”
