Al Rajhi Capital picked up two prestigious awards from Global Investor Magazine/ISF, a Euromoney publication, at its Middle East Awards 2012 naming Al Rajhi Capital “Saudi Arabia Asset Manager of the Year” and it’s CEO, Gaurav Shah as “CEO of the Year Middle East”. The awards were accepted by Mr. Shah at a ceremony in Doha, where leaders of the region’s financial services industry gathered.
Along with the support of a world-class team, the firm’s offering of creative and well structured investment and market access solutions has increased significantly as have assets under management, making Al Rajhi Capital one of the fastest growing asset managers in the Kingdom today.
“We thank Global Investor/ISF for these awards,” Shah, said. “It is a great honour to receive these awards, but more importantly it signifies an exceptional effort on behalf of our entire team, whose dedication and hard work remain at the core of our success and market expertise.”
“The GCC is entering a phase of major economic expansion and the asset management industry has potential for multidimensional growth. The numerous projects underway spanning infrastructure, hydrocarbons, healthcare, education, tourism and transport will require efficient flow of capital into and within the region. The asset management industry is a key enabler in achieving these capital flows,” he added.
“The role of asset managers includes financial inclusion by providing access to investment products and services, and the importance of financial education in achieving this is critical.”
He also stressed the significance of responsible asset management, which involves responsibility to customers, responsibility to the financial system in the country and region, and responsibility to the broader community.
“With the strong performance and growth achieved by our teams over the past year, we remain committed to delivering excellence for our investors and clients by building on our position as a leader in wealth management and investment banking services in the Kingdom.”