SFC offers BlackRock investment solutions

Saudi Fransi Capital (SFC) has signed an agreement to offer a variety of investment solutions by BlackRock, described as the world’s largest asset manager. These solutions cover multi assets and global financial markets. The agreement reaffirms SFC’s capacities and continuous endeavor to provide investment solutions that meet the clients’ requirements. Cooperation with BlackRock is aimed to yield new opportunities to SFC clients through the diversity of investment solutions and strategies offered.
Yasir bin Othman Al-Rumayyan, CEO of SFC, said: “We are pleased to provide investment solutions of the world’s largest asset manager. This is a milestone for SFC, whereas investors in the Kingdom will be able to access the wider breadth of the BGF range, BlackRock’s flagship long only Fund range in EMEA.”
Al-Rumayyan added: “In cooperation with BlackRock, we choose to cover different asset classes, which include stocks, bonds, multi assets, and income generating investments in different financial markets, thus enabling our esteemed clients to benefit from the different investment opportunities provided, because sometimes there will be a need to have an investment strategy that utilize the prevailing investment environment.”
When asked about the reason behind choosing BlackRock, Al-Rumayyan said: “BlackRock is the world’s largest asset manager, managing assets worth $ 3.9 trillion, and with its 10,000 employees in more than 30 countries, it has wide coverage of financial markets around the globe.”
Speaking about the agreement, Nick Anderson, MENA manager at BlackRock, said: “We are delighted to be working together with one of the leading asset management houses in the Kingdom of Saudi Arabia. This arrangement allows us to provide truly tailored solutions to investors based in the region and offers them access to a substantial and complimentary product suite.”