SEDCO Capital, a leading Saudi asset management firm, was recognized as the "Saudi Asset Manager of the Year" at the 2016 MENA Fund Manager Fund Services Awards held earlier at the Ritz-Carlton DIFC in Dubai. The MENA Fund Manager Performance Awards recognized and rewarded top performers in the regions' fund management space who have outperformed their peers in delivering value to fund and asset managers over the past 12 months. This year's awards have been judged by a number of highly respected individuals from the region's asset management sector. Eight local asset managers competed with SEDCO Capital in this category. The firm was also shortlisted in two other categories which included "Fund Launch Award" for SC Treasury Money Markets Fund and "Newcomer Fund" for SC GCC Equity Fund. Commenting on the win, Hasan Al-Jabri, Chief Executive Officer of SEDCO Capital, said: "Winning this prestigious award is yet another milestone for us and is certainly a great way to start the year. We are delighted to know that our peers in the industry hold SEDCO Capital in such high regard. This coveted award stands as a testament to the strength of our people, the investment processes, philosophy, and performance. This achievement is a sign of the complete alignment of interest between our team, our clients, the regulators and the market. We are very proud to have won the award from MENA Fund Manager who is one of the most credible references in the industry. This is another block in building our presence as a leading asset manager in the MENA region." At SEDCO Capital, we recognize that the asset management industry is constantly evolving, and with our disciplined research-centered approach to asset management we are continuously offering clients with relevant products that meet their growing needs," he added. As one of only a few firms globally offering a full range of sophisticated services in asset management including asset allocation, real estate, private equity, public equity, liquidity instruments, agriculture, timber, and commodities that conform to Shariah, SEDCO Capital is now emerging as a pioneer in combining ESG investment standards along with its Shariah fundamentals in many of its investments – the requirements to meet the environmental, socially responsible, and corporate governance standards that are the basis of the United Nations' 2005 Principles for Responsible Investment. Launched in 2010, the Mena Fund Manager Performance Awards have grown to become one of the biggest and most respected award ceremonies in the Mena region. The awards ceremony attracts the heavyweights of the region's fund management space, and one of the largest gathering of fund managers in the industry's calendar.
