AlJazira Capital adjudged first brokerage firm for 2014

AlJazira Capital ranked first among 30 brokerage firms in the Saudi capital market in 2014, by acquiring 17.29 percent of the total number of trades in the market; the total traded value of AlJazira Capital reached SR742.43 billion in 2014, representing almost a 50 percent increase from the SR494.65 billion traded in 2013.
Tadawulcom, AlJazira Capital’s high-tech digital trading platform, is the main contributor to the successful acquisition of 21.94 percent of the total online trades in the Kingdom for 2014, especially after launching Tadawulcom application available on smart phones, thus allowing AlJazira Capital customers to trade anywhere in the world.
AlJazira Capital’s strategy adopts the culture of innovation and continuous improvement, thus creating a benchmark in applying new concepts and Shariah-compliant investment solutions. This was reflected by the outstanding performance of AlJazira Capital diverse funds, which recorded more than 20 percent assets increase in 2014 reaching SR2.3 billion, surpassing the 12 percent increase of the overall market performance. Company’s star fund Al-Taiyebat Saudi Markets Fund rose by 18.47 percent in 2014, despite the decline in the performance of the indicative index of the fund by -7.91 percent.
Ziad Aba Al-Khail, MD and CEO of AlJazira Capital commented: “Securing the first place for 2014, strengthens the leading position occupied by AlJazira Capital among brokerage firms for more than 8 years.”
Moving forward, the Saudi market is getting ready for the entrance of the foreign investors. “This decision is a positive step toward enhancing the quality and the efficiency of the market, since only the largest and most experienced foreign investment companies will be driven to the market, given the strict and precise entry criteria imposed by the CMA, including a minimum of SR5 billion assets under management and a minimum of five years’ experience,” he added.