HSBC Saudi Arabia gets nine awards

(MENAFN-Arab News) HSBC Saudi Arabia Ltd. has won nine awards, including the Saudi Asset Manager of the Year award for its performance over the year 2013 at the MENA Fund Manager Performance Awards ceremony held recently.The MENA Fund Manager Performance Awards are presented annually based on the performance track record of the asset managers in the GCC region and the ceremony attracts the single largest gathering of the region's asset managers.In addition to the Saudi Asset Manager for the Year, HSBC Saudi Arabia won the following awards: HSBC GCC Equity Fund for GCC Equity fund — over $30 million 1 & 3 Year performances; HSBC Saudi Construction and Cement Companies fund for Sector fund for 1 & 3 Year performance; HSBC Saudi Freestyle Equity Fund for Best Saudi Equity Fund; HSBC Saudi Freestyle Equity Fund for Best Shariah-Compliant Equity Fund; HSBC Saudi Companies Equity Fund for Best Saudi Equity Fund — 3 Year Performance; and HSBC Saudi Freestyle Equity Fund for Best New Comer Fund.Walid Khoury, CEO of HSBC Saudi Arabia Ltd., said: "This is a remarkable achievement for HSBC as no other regional firm has ever won as many awards in one year. HSBC Saudi Arabia is not only the best asset manager in the Kingdom but also in the MENA region as a whole."Osama Shaker, MD and head of financial markets at HSBC Saudi Arabia, said: "We are extremely pleased to have won nine awards, which reflect our strong commitment to deliver superior investment products and performance. We strive to always deliver excellent investment returns to our clients via our dedicated team of investment professionals by offering comprehensive and unparalleled investment solutions and services.”