Al-Rajhi Capital named ‘Real Estate Investment Firm of the Year’

Al-Rajhi Capital (ARC), one of the largest asset managers in Saudi Arabia and a leading regional investment firm, has won the “Real Estate Investment Firm of the Year — 2017” award at the Global Investor MENA Awards (part of Euromoney publications).
During the same event, Al-Rajhi Capital also won “Broker of the Year, Saudi Arabia — 2017,” which the firm said is a recognition of its leadership position in diverse investment solutions and services. During the year, Al-Rajhi Capital had also won “Best Islamic Asset Management Company — 2017” award from Global Finance Magazine.
Gaurav Shah, CEO of Al-Rajhi Capital, said: “We thank Global Investor and Global Finance for these recognitions and are pleased that the efforts of the entire Al-Rajhi Capital team have been acknowledged. These awards reflect the strength and diversity of our investment products and solutions that our clients continue to expect from us.”
“Al-Rajhi Capital’s recognition as the ‘Real Estate Investment Firm of the Year — 2017’ highlights the track record the firm has built over the years in identifying real estate opportunities that have been generating long-term sustainable returns,” the company said.
ARC has one of the largest real estate portfolios in the Kingdom, amounting to SR2.9 billion ($773 million).
Shah added: “The real estate sector is an integral part of the Kingdom’s overall economic growth and diversification as envisaged in the government’s National Transformation Program (NTP) 2020 and Vision 2030 plans. Under the aegis of these transformational plans, several reforms are underway to attract investments in real estate assets spread across multiple sectors. In alignment with the Kingdom’s developmental goals, we will continue to launch innovative solutions for investors to access these opportunities.”
Established in 2008, Al-Rajhi Capital is one of the largest providers of financial services in Saudi Arabia, providing a comprehensive range of innovative financial solutions across brokerage, asset management, investment banking and advisory services. Al-Rajhi Capital is the top-ranked broker and one of the largest asset managers in the Kingdom.