Business & Money | Tuesday 22 November, 2016 4:40 am |

SEDCO Capital, a leading Saudi asset management firm, has once again received recognition from Global Investor/ISF MENA Awards 2016 as “Asset Manager of the Year: Saudi Arabia”. Meanwhile, ISLAMICA 500 ranked Hasan Al-Jabri, Chief Executive Officer of SEDCO Capital, as top 50 leaders who make the Islamic Economy in 2017.

 

Al Jabri expressed delight at winning the award and said: “We, at SEDCO Capital are proud of this award, which emphasises the strength of our asset management platform in Saudi Arabia and reflects our commitment in further enhancing the performance of various funds provided to our clients. I would like to congratulate all members of the SEDCO Capital team and thank them for their relentless efforts, which played a key role in positioning the company as a regional leader in the industry.”

 

Al Jabri added: “I am truly honoured to have been both nominated and selected to be a part of this prestigious list. It is a testament to the hard work and dedication shown by the entire team at SEDCO Capital. SECDO Capital’s success resonates in the relationships we have cultivated with our customers, partners and colleagues through the years.”

 

He continued: “Today, we are delighted to see the Islamic finance industry become an important part of the international financial system. Shariah compliance has been part of our DNA, since inception. We pioneered and launched the ground-breaking and first Islamic Index with Dow Jones in addition to being the first Shariah-compliant and Saudi Arabian signatory to the UNPRI, making our investments not only add value to our clients but also add value to our society.”

 

The Islamic economy is a vibrant part of the world’s economy. Globally, Islamic finance assets currently amount to approximately US$ 1.2 trillion and are expected to more than double to US$ 2.6 trillion by 2017, thus potentially creating massive opportunities in this rapidly growing industry.

 

SEDCO Capital is a global asset management firm with an investment reach, instruments and reputation spanning global markets. With a history stretching back to 1976, SEDCO Capital’s asset management experts have pioneered a Shariah compliant, prudent and ethical approach that delivers world-class investment solutions to its client base.

 

The firm’s clients benefit from several world-class investment funds and instruments, including its Luxembourg funds platform. SEDCO Capital is the first Saudi asset manager and the first fully shariah compliant asset manager to be a signatory of the United Nations Principles of Responsible Investing (UNPRI).

 

The Global Investor/ISF Magazine is published by Euromoney Institutional Investor and connects the worlds of asset management, asset servicing and securities finance. It focuses on custody and fund administration, and is highly regarded by the global asset management community. It follows a competitive judging criteria. The profitability, growth and client services performance of Asset Management servicing companies is assessed and analysed by a distinguished editorial panel drawn from Global Investor/ISF Magazine in partnership with experts from around the region.

 

Published annually, Islamica 500 is an independent instrument to assess the dynamic of the Islamic economy and records achievements of professionals who build up and pioneer the Islamic economy. The Islamica 500 features a variety of profiles and industries showing the diversity of the achievements made at a global scale, beyond gender, age, nationality and sectors reflecting the truly global nature of the Islamic economy.