Saudi- Jadwa honored for Islamic finance role 

(MENAFN - Arab News) Jadwa Investment has been named Best Fund Manager at the Euromoney Islamic Finance Awards 2012, one of the most prestigious awards ceremonies in the global fund management community.

The annual Euromoney Awards Gala, held recently in London, brought together global Islamic financial institutions to honor and celebrate the best and brightest institutions and their achievements in the Islamic finance industry.

Jadwa funds were also recognized as the Best GCC Equity Fund for their Jadwa GCC Equity Fund, and Best MENA Equity Fund for their Jadwa Arab Markets Equity Fund at the Lipper Fund Gala 2012, which salutes achievements in the Middle East's asset management industry.

Ahmed Al-Khateeb, MD & CEO, Jadwa Investment, said: "We are thrilled to win these three prestigious awards. Since our inception, we have aimed to provide our investors with world-class asset management, private equity and investment banking services, and have worked diligently to develop attractive investment opportunities that offer superior risk-adjusted returns, compliant with Shariah principles. Winning these awards is a reflection of our long-term commitment to provide innovative, world class investments in the Middle East, and we look forward to continuing to build this momentum throughout 2012."

Commenting on Jadwa's achievement, Clive Horwood, editor of Euromoney, said, "Amid strong competition, Jadwa has rapidly grown to become one of the biggest and most respected asset managers in the Islamic finance industry. The Best Fund Manager Award is a testament to Jadwa's rising importance in asset management."

The awards were accepted by Al-Khateeb during a gala dinner held at Landmark Hotel, London.