Asset Management

New rules to boost Saudi asset management market

The Capital Market Authority (CMA) has loosened financial regulations to enhance asset management activity and increase private equity and venture capital investments, in a move designed to boost the Kingdom’s asset management market and...


Asset Management

Retail asset management shows clear shift towards Islamic preference

Much attention is given towards institutional asset management in Saudi Arabia, but the Kingdom also has a thriving retail sector based around a highly competitive mutual funds industry. This month, IFN Saudi Arabia speaks to IMRAN IQBAL, the head...


Asset Management

Asset Management

WEALTH MANAGEMENT FIRM RECEIVES LICENSE The Capital Market Authority has granted a license to Watani Wealth Management Company. The firm will be able to deal as a principal and agent as well as manage investment funds and discretionary...


Asset Management

Strong support for Saudi Islamic funds stimulates growth in new sectors

The competitive Saudi asset management industry is growing strongly, with stalwart performance and opportunities emerging in some promising sectors – including minerals, insurance and religious tourism. This month, IFN SAUDI ARABIA speaks to NCB...


Asset Management

Asset Management

BSF TO FINANCE JADWA REIT
Jadwa REIT Al Haramain Fund has entered into a Shariah compliant financing agreement amounting to SAR500 million (US$133.28 million) with Banque Saudi Fransi (BSF). The financing facility, which runs until the 31st...


Asset Management

Asset Management

JADWA ANNOUNCES RESULTS Jadwa Investment announced its full-year 2016 results this month which saw assets under management increase 25% to SAR24.7 billion (US$6.5 billion), total revenues up 17% to SAR290.37 million (US$77.4 million) and net...


Asset Management

Wealth management in Saudi provides new opportunities; green investment strategy brings Islamic funds to the fore

The asset management industry in Saudi Arabia had a surprisingly busy month despite the heat of summer, with results coming in and new strategies coming out. Green investment looks promising for Sedco, while Jadwa sees results come in from its real...


Asset Management

Saudi funds growing by 8% per year as foreign investment and new opportunities boost demand

The Saudi funds landscape is looking promising, with both fixed income and equity performance improving and the asset management industry growing at an annual pace of around 8%. IFN Saudi Arabia spoke to REDA GOMMA, the head of equity at Mashreq...


Asset Management

Asset Management

JADWA’S ISLAMIC REIT LAUNCHED Jadwa Investment has concluded the IPO of its inaugural Islamic real estate investment traded fund, Jadwa REIT Al Haramain Fund, according to a statement. Investing in properties in Makkah and Madinah, the REIT...


Asset Management

Saudi mutual funds hit US$23 billion with Shariah vehicles taking the lion’s share

A new report has sized the total assets under management of Saudi mutual fund managers at over US$23 billion, with over 60% Shariah compliant. With new regulations, increased transparency and a burgeoning REITs sector, the Saudi Islamic asset...