These are the winners of Argaam Recognition Award 2018

Argaam.com is delighted to announce the winners of Argaam Recognition Award (ARA) 2018 – its annual recognition of the professional performance of Saudi-based financial firms, fund managers and IPO managers.

Argaam Recognition Award, which started off in 2017 and has garnered remarkable interest, is granted to Saudi financial firms, based on objective and transparent criteria in three categories:

1) Top-Performing Mutual Fund for 2018, Top Performing Mutual Fund (3 Years), & Top-Performing Mutual Fund (5 Years)

2) The IPO Manager of the Year (TASI & NOMU) and;

3) Best Trading Platform and Best Brokerage Company (Customer Service)

Awards for the first two categories are based on the factual performance of mutual-fund and IPO managers during the period of assessment. While the third category is based on a survey of Argaam readers' opinion.

Below is the list of winners in all categories:

IPO Manager of the Year 2018 - Main Market

Alinma Investment Co. was named “IPO Manager of the Year 2018” in Saudi Arabia, in recognition of its successful management of the IPO of the National Company for Learning and Education.

The winning IPO was 327 percent oversubscribed, the highest percentage realized in the Saudi Stock Market (Tadawul) in 2018.

The Company was awarded the honor by the panel of Argaam Recognition Award (ARA) based on its factual performance during the period of assessment.

IPO Manager of the Year 2018 – NOMU

KSB Capital Group was named “IPO Manager of the Year 2018” on Saudi Parallel Market (NOMU), in recognition of its successful management of the IPO of the National Building & Marketing Co.

The winning IPO was fully subscribed (100%) -- the highest percentage realized in the Saudi Parallel Market (NOMU) in 2018.

Top Performing Fund 2018 (TIER 1) - Saudi Equity

Riyad Blue Chip Equity Fund was named “Top Performing Fund 2018 (TIER 1)” in Saudi Arabia, after achieving the highest return on investment market-wide in 2018.

The Fund achieved the highest return among all funds investing in Saudi equity (TIER 1 -- with AUM of SAR 100 mln or above). Realizing 19.9% annual return.

Top Performing Fund Over 3 Years (TIER 1) – Saudi Equity

Al-Arabi Saudi Equity Fund was named “Top Performing Fund Over 3 Years (TIER 1)” in Saudi Arabia, after achieving the highest return on investment market-wide during the period of assessment.

The Fund achieved the highest return among all funds investing in Saudi equity (TIER 1 -- with AUM of SAR 100 mln or above). Realizing 26.2 percent return on investment.

Top Performing Fund Over 5 Years (TIER 1) – Saudi Equity

Aljazira Saudi Equities Fund was named “Top Performing Fund Over 5 Years (TIER 1)” in Saudi Arabia, after achieving the highest return on investment market-wide during the period of assessment.

The Fund achieved the highest return among all funds investing in Saudi equity (TIER 1 -- with AUM of SAR 100 mln or above). Realizing 29 percent return on investment.

Top Performing Fund 2018 (TIER 2) – Saudi Equity

HSBC Saudi Financial Institutions Equity Fund was named “Top Performing Fund 2018 (TIER 2)” in Saudi Arabia, after achieving the highest return on investment market-wide in 2018.

The Fund achieved the highest return among all funds investing in Saudi equity (TIER 2 -- with AUM below SAR 100 mln). Realizing 32% annual return.

Top Performing Fund Over 3 Years (TIER 2) – Saudi Equity

HSBC Saudi Financial Institutions Equity Fund was named “Top Performing Fund Over 3 Years (TIER 2)” in Saudi Arabia, after achieving the highest return on investment market-wide during the period of assessment.

The Fund achieved the highest return among all funds investing in Saudi equity (TIER 2 -- with AUM below SAR 100 mln) for an investment horizon of three years. Realizing 47% return.

Top Performing Fund Over 5 Years (TIER 2) – Saudi Equity

Morgan Stanley Saudi Equity Fund (MSSAUEQ) was named “Top Performing Fund Over 5 Years (TIER 2)” in Saudi Arabia, after achieving the highest return on investment market-wide during the period of assessment.

The Fund achieved the highest return among all funds investing in Saudi equity (TIER 2 -- with AUM below SAR 100 mln) for an investment horizon of five years. Realizing 62% return.

Best Trading Platform 2018

Derayah Financial won two awards: Best Trading Platform Award for 2018, and Best Brokerage Platform Award for 2018.

The recognition was based on a public opinion survey conducted on Argaam's portal, as majority of voters selected the company as their favorite service provider.