Al-Rajhi Capital takes top honors at Global Investor/ISF Magazine Awards

Al Rajhi Capital, a major asset manager in Saudi Arabia, has received two awards from Global Investor Magazine/ISF, a Euromoney publication at its Middle East Awards 2012. Al Rajhi Capital has been named Saudi Arabia Asset Manager of the Year and its CEO Gaurav Shah CEO of the Year Middle East. Shah accepted the awards at a ceremony in Doha, in the presence of leaders of the region's financial services industry.
Along with the support of a world-class team, the firm's offering of creative and well structured investment and market access solutions has increased significantly as have assets under management, making Al Rajhi Capital one of the fastest growing asset managers in the Kingdom today.
"We thank Global Investor/ISF for these awards," said Shah. "It is a great honor to receive these awards, but more importantly it signifies an exceptional effort on behalf of our entire team, whose dedication and hard work remain at the core of our success and market expertise."
Speaking at the awards ceremony, Shah added, "The GCC is entering a phase of major economic expansion and the asset management industry has potential for multidimensional growth. The numerous projects under way spanning infrastructure, hydrocarbons, health care, education, tourism and transport will require efficient flow of capital into and within the region. The asset management industry is a key enabler in achieving these capital flows."
He added: "The role of asset managers includes financial inclusion by providing access to investment products and services, and the importance of financial education in achieving this is critical." He also stressed the significance of responsible asset management - which involves responsibility to customers and the financial system in the country and region, and to the broader community across the region.