Jeddah, Saudi Arabia – 05 April 2016: Alkhabeer Capital, the asset management and investment firm headquartered in Jeddah, Saudi Arabia, announced today its financial results for the fiscal year ended 31 December 2015.

Alkhabeer Capital’s earnings growth trajectory continued, with net income for the period at SAR 67.15 million, up 17 percent (FY14: SAR 57.3 million) and earnings per share climbing 18 percent to SAR 0.83. At the close of the year, total assets under management had grown by 21 percent to over SAR 4 billion, and the Company’s own investments jumped in value by 70 percent, to nearly SAR 1.21 billion.

Commenting on these results, Musaad Aldrees, Chairman of Alkhabeer Capital’s board of directors, said: “With the substantial decrease in oil prices and continuing geopolitical tensions, the year 2015 brought with it a number of significant challenges to the local and regional economy. Market volatility weighed heavily on investor sentiment, and new regulatory restrictions significantly limited our ability to launch new investment funds. Nevertheless, due to its past prudent policies, Alkhabeer Capital succeeded in delivering growing returns to its shareholders even during this challenging year.

“Therefore, the board of directors recommended a dividend distribution of five percent per share, subject to the approval of the Annual General Meeting scheduled for 12 May 2016. The board will be granted authorization to determine how the dividends are distributed,” Mr. Aldrees added.