Al Rajhi Capital wins asset management award

Al Rajhi Capital has been recognized as the most innovative asset management firm in the Middle East.
The prestigious award was given by Banker Middle East, a CPI Financial publication, as part of its Banker Middle East Industry Awards 2013 naming Al Rajhi Capital “Best Asset Management Firm” in the Middle East region.
Arranged by CPI Financial, this year’s awards ceremony brought together over 450 top financiers and 200 institutions from across the GCC to celebrate the achievements of the banking industry. In total, 49 awards were announced across a variety of financial services including private banking, asset management, corporate, retail, investment, and fund management.
The award recognized Al Rajhi Capital as the pre-eminent asset management firm in the region. Al Rajhi Capital has been the pioneer in introducing numerous innovative investment solutions including the first real estate income generating fund to raise capital of close to SAR 1 billion, the first Saudi Equity fund domiciled in the Credit Suisse platform in Luxembourg, Islamic Capital Protected solutions linked to regional equity markets, and an Islamic money market fund with performance linked fees only and zero fixed fees.
Thanking the Banker Middle East for awarding this honor, Gaurav Shah, CEO of Al Rajhi Capital said the entire Al Rajhi Capital team have been further recognized through this award.
Al Rajhi Capital is the leading provider of asset management services in the GCC with over SR 30 billion in assets under management at the end of June 2013. It offers both discretionary portfolio management services and investment funds to clients across Equities, Commodity Murabaha, Real Estate and Multi Asset Class solutions.
Al Rajhi Capital Company is the independent, wholly owned investment subsidiary of Al Rajhi Bank, the world's largest Islamic bank and the largest commercial bank in the GCC region in terms of market capitalization.