The international agency Thomson Reuters has recently awarded Al Rajhi Local Shares Fund managed by Al Rajhi Financial Services Co. (ARFS) two Lipper Awards 2009, namely the Best Local Equity Fund compliant with Islamic Shariah over three years – Arabian Gulf category, and the Best Equity Fund over three years – local category, won for the second time running.
Mr. Marcus Andrade, the Chief Executive Officer of ARFS conveyed that the company takes great pride in winning these awards, especially that they have been granted during an extremely difficult period for the financial markets in the Gulf region and the world, confirming the status of the company in both the local and Gulf investment industry. Mr. Abdulhameed H. Al-Amri, Head of Funds at ARFS, added that this double accolade will be a strong impetus for the company to develop further superior financial products and services.
ARFS represents the investment arm of Al Rajhi Bank, the largest Islamic bank in the world. It is a leader with a preeminent position in the Islamic banking and investment industry for more than five decades. ARFS provides asset management, brokerage and corporate finance services, including mergers and acquisitions and initial public offerings
Additionally, ARFS includes an Investment Research Department which aims to provide professional economic & financial research reports and studies, as well as the latest financial markets’ development analyses. Its objective is to ensure that its services and solutions suit customer needs across all levels while meeting their ambitions and helping them achieve their goals.
© 2009 Mena Report (www.menareport.com)
Banking & Finance
