06 Muharram 1446 - 12 July 2024
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Eye of Dubai
Business & Money | Wednesday 12 June, 2024 9:05 am |

Jadwa Investment Awarded Best Investment Return at the Sanadeq Investment Funds Awards for Saudi Real Estate

 Jadwa Investment, a leading investment management and advisory firm in the Middle East, received an award in its capacity as fund manager of Jadwa REIT Saudi Fund for Best Investment Return in 2023 among Saudi real estate investment funds at the Sanadeq Investment Funds Awards. The award was announced at an event organized by Sanadeq Media Group in Riyadh at the Crown Plaza RDC to honor the winners of investment fund awards for the year 2023. 


The award was among five Sanadeq awards won by Jadwa Investment for 2023, also including Jadwa Arab Markets Equity Fund for best performance among regional public equity funds, Jadwa Global Sukuk Fund for best performance among international sukuk and bond funds, and Jadwa Saudi Riyal Murabaha Fund for best performance among Murabaha and money market funds with a size of less than SAR 1 billion. 


Tariq Al-Sudairy, Managing Director and CEO of Jadwa Investment, commented: “We are honored to be recognized for this achievement by Sanadeq Investment Fund Awards. 2023 was a year of exceptional results for Jadwa with strong business growth and distinctive investment performance. We remain steadfast in our mission to deliver long-term value to our clients.”


Haitham Al-Ghannam, Head of Real Estate and Alternatives, said: “In 2023, the firm completed a record SAR 10.1 billion in capital commitments, investments, and divestments across 14 new and existing real estate funds. This award reaffirms Jadwa’s capability to develop and maintain distinctive capabilities within a fiercely competitive landscape in the local real estate market."


“This year, we will continue to see growth opportunities in Saudi Arabia’s real estate sector,” continued Al-Ghannam. “In just the first quarter of the year, Jadwa launched six new real estate development funds with a combined size of nearly SAR 1.9 billion.”


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