RIYADH — The chairman of Jadwa Investment, Prince Faisal Bin Salman, hosted South African Ambassador John Davies and a number of businessmen at an “Investor Forum” for launching the new Jadwa Africa Equity Freestyle Fund. The fund is the first Shariah-compliant Africa fund offered by any institution in the region.The offering of the Africa Fund places Jadwa in a leading position in the investment banking industry.
Remarkably, Jadwa has launched as many as 13 investment funds since June last year.
The comprehensive range of funds offered by Jadwa ranked it at No. 6 among the Saudi banks in terms of the assets under management, which exceeded SR5 billion.
“Jadwa, since its establishment in the first quarter of 2007, has made great achievements and Jadwa Africa Equity Freestyle Fund, the first of its kind, is a new milestone in its achievements,” Ahmed Al-Khateeb, managing director and CEO of Jadwa Investment, said in his welcome speech.
“Jadwa has set itself as a leader in Shariah-compliant investments in the world through its high quality services and superior investment solutions,” he added.
The ambassador was pleased with foresight and wisdom of Jadwa Investment in seeing the brighter side of African countries and with the introduction of the Jadwa Africa Equity Freestyle Fund.
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