Jeddah, Saudi Arabia – 20 December 2017: Alkhabeer Capital, the asset manager specialized in alternative investments, has won the Best Islamic Investment Fund award by a leading industry publication, Islamic Business & Finance, a member of the CPI Financial publishing group. The award recognizes the success of Alkhabeer Capital’s Saudi Real Estate Income Fund I (“Malga”), a closed-ended private fund that invests in an income-generating residential compound in Saudi Arabia’s capital city of Riyadh.
Commenting on the win, Mr. Ahmed Ghouth, Chief Executive Officer of Alkhabeer Capital said: “Thank you to our team, whose hard work and outstanding performance has positioned Alkhabeer Capital to offer best-in-class investment opportunities to the market. This award reflects the success of our strategy to build successful Shariah-compliant funds, which we in turn, will seek to offer publicly.”
This latest honor augments Alkhabeer Capital’s range of awards that it has collected recently, building on its track record of achievements in alternative investments, which also included earlier this year Best Private Equity Company in Saudi Arabia by CPI’s Banker Middle East.
Alkhabeer Capital, headquartered in the Kingdom of Saudi Arabia, specializes in alternative investments and investment services. It is authorized by the Capital Market Authority (license number 07074-37).