"The agreement represents the company's aim to widen the distribution channels of its investment funds to meet the growing customer needs," said Modker Al-Mutairi, vice president of sales and distribution at Al-Rajhi Capital.
He pointed out that Derayah Financial's reputation reflects well and has played an instrumental role in Al-Rajhi Capital's decision to sign this distribution agreement and make its mutual funds accessible to a wider clientele of investors.
Mohammed El-Kuwaiz, chief commercial officer and managing partner of Derayah Financial, said he was delighted that Al-Rajhi Capital has entrusted Derayah to list their mutual funds on Derayah's platform. "We are proud of this new partnership which will add value and provide more choice for investors, as Al-Rajhi Capital is one of the preeminent names in Shariah compliant Investment management in the region," he added.
He also noted that the unified website which was launched by Derayah to make all Shariah-compliant mutual funds available under one roof has attracted considerable attention from banks and investment companies that are seeking to gain access to larger segments of customers.
Al-Rajhi Capital is one of the largest fund managers in Saudi Arabia with a mission to provide its clients with high quality investment products and services that should meet their investment requirements complying with the principles of Islamic Shariah. It enjoys the strong parentage of Al-Rajhi Bank, a leader in the financial sector with solid values and vast experience in Islamic banking products and services.
Al-Rajhi Capital provides comprehensive investment services for corporations, companies and individuals with solutions in several investment activities including asset management, brokerage and corporate finance.
The asset management division of Al-Rajhi Capital offers both packaged and bespoke solutions that are suitable for the investment needs of all investors by offering a wide range of products for local, regional and global markets appropriate to their risk-return profile and time horizon. These funds span the full risk spectrum and come with a host of innovative features and advantages.
A network of dedicated investment centers throughout the Kingdom provides easy accessibility to receive investment solutions. The investors are served by the Al-Rajhi staff that is equipped with global knowledge and experience to assist you in fulfilling your investment goals.
