Jadwa Investment, a leading investment management and advisory firm in the Middle East, was awarded Best Asset Manager in the Middle East and Best Asset Manager in Saudi Arabia by EMEA Finance at the Middle East Banking Awards 2022 at the Shangri-La Hotel Dubai this past Wednesday.
2022 was a noteworthy year of business achievements for Jadwa. The firm’s managed funds delivered net outperformance of +1.23% to +15.64% relative to benchmarks across all of its local and regional public equity strategies. Jadwa also launched a series of multi-asset class funds and international alternatives funds, giving clients greater choice and efficient access to diversified investment portfolios that cater to different risk/return and geographic exposure preferences. The firm finished the year with the divestment of its stake in Saudi Aramco Base Oil Company (Luberef) through a SAR 5 billion initial public offering on the Saudi Exchange, one of the country’s largest IPOs since Saudi Aramco.
The Middle East Banking Awards, now in their fifteenth year, are organized by EMEA Finance to honor the best commercial banks, investment banks, brokers and asset managers across the Middle East. EMEA Finance is an independent financial news magazine, awards issuer and event organizer based in London and covering Europe, Middle East and Africa.
Tariq Al-Sudairy, Managing Director and CEO of Jadwa Investment, commented: “We are honored to be selected for this achievement on the international stage by EMEA Finance. 2022 was a year of exceptional results for Jadwa as we continue to build on a sixteen-year track record of long-term value creation and an expanding universe of best-in-class investment offerings for our clients.”
Jadwa’s investment management offerings for public equity investors comprise regional funds (including Jadwa Saudi Equity Fund, Jadwa Saudi REIT Fund and Jadwa REIT Al Haramain Fund, Jadwa GCC Equity Fund, and Jadwa Arab Markets Equity Fund), international funds (including Jadwa US Quantitative Fund, Jadwa Developed Markets Equity Fund, and Jadwa Emerging Markets Equity Fund), and segregated mandates. The firm also offers private equity, real estate, private credit, and fixed income investments to private and institutional clients. Jadwa’s investment advisory practice, on the other hand, offers both non-discretionary advisory services (from investment planning through implementation) as well as discretionary services (including multi-manager funds across asset classes and specialized funds for individual clients).
In addition to being awarded Best Asset Manager in the Middle East and Best Asset Manager in Saudi Arabia by EMEA Finance, Jadwa has also been awarded Best Asset Manager for 2022 by Saudi Capital Market Awards; Best Global Islamic Equity Group, Best MENA Equity Group, Best MENA Equity Fund, Best GCC Equity Fund, and Best Saudi Equity Fund for 2022 by Lipper; and Best Arab Markets Equity Fund on the Saudi Stock Exchange for 2022 by Sanadeq.