Argaam marks 11th anniversary, honors top performing financial firms

Argaam Investment Company, the owner and operator of Argaam financial news and data portal, marked its eleventh anniversary this week in a prestigious gala event in Riyadh, with the distinguished attendance of  HE Mr. Mohammed bin Abdullah Elkuwaiz, Chairman of the Board of Directors of Capital Market Authority (CMA).

At the celebration ceremony, Argaam recognized Saudi-based financial institutions that demonstrated outstanding performance in 2017, by awarding the winners awards in their respective categories.

Argaam Awards span three categories: Best IPO Manager, Best Performing Mutual Fund, and Brokerage Company of the Year. The following companies received recognitions:

Best IPO Manager in 2017 - Main Market -- Mulkia Investment Co. -- for its role in the IPO of Mulkia Gulf Real Estate REIT. CEO Muneera AlDossary was handed over the award.

Best IPO Manager in 2017 - Parallel Market (NOMU) -- Falcom Financial Services Co. -- for its role in the IPO of Food Development Co. CEO, Mr. Moath Alkhasawneh represented the company.

In Mutual Funds category, HSBC China and India Equity Freestyle Fund was selected as the Best Performing Equity Fund in 2017. The award was handed over to Chief Investment Officer Mr. Saqib Masood.

Aljazira Capital was recognized for its AL-Mashareq Japanese Equities Fund that achieved the highest return in five years. General Manager Asset Management and Chief Investment Officer, Walid Bin Ghaith, represented the company.

Bait Al Mal Al-Khaleeji (BMK)'s Saudi Equity Fund was recognized as the Best Performing Fund for Saudi equities in 2017. Vice Chairman  & Managing Director Mr.Khaled AlDossary received the award.

Morgan Stanley Saudi Equity Fund was recognized as the Top Performing Saudi Equity Fund for five years in a row. Associate. Mr. Majed Al Dakhil , represented the company.

In the Brokerage Services category, Al Rajhi Capital was recognized as the Top Brokerage Company in Saudi Arabia (by market share) in 2017.Head of Business Management - Brokerage, Mr. Fahd Al-Ruwaigh was handed over the trophy.

Derayah Financial won the Best Brokerage Company in Customer Service -- as per an opinion poll of Argaam readership. CEO, Mr. Mohammed Al-Shammasi received the trophy.

Commenting on the occasion, Dr. Ghassan Al-Shibl, Argaam's Board Chairman, said: "Argaam  has successfully positioned itself as a market leader in the digital financial data industry in Saudi Arabia. And it is part of our role to recognize excellence and raise the investment awareness."