Aljazira Capital, a Saudi brokerage services company, has won Argaam’s “Top Performing Fund Over 5 Years” award for its Shariah-compliant Saudi Equity Fund, which achieved the highest return on investment, amounting to 29.4 percent.
Aljazira Capital CEO and Managing Director Ziad Aba Al-Khail said: “This award is a welcome addition to the awards that Aljazira Capital has earned as a result of its achievements and excellence in providing innovative financial solutions, and a confirmation of our competent, distinguished and specialized team capable of continuing to develop financial products and services in line with the economic development witnessed by the Kingdom.”
He said: “We are proud to receive this prestigious award, which supports excellence and encourages fund managers in the Saudi market to exert their utmost efforts.”
The prize reflects the success of our investment approach, our risk management strategy and is a recognition of the strong performance of Aljazira Saudi Equity Fund.”
Al-Khail said the fund has been successful since its launch in 1999 and that it is an investment fund that aims to develop long-term capital by investing in a diversified portfolio of Shariah-compliant companies listed in the Saudi stock market.