HSBC Saudi Arabia awarded ‘Saudi Asset Manager of the Year’ in addition to ‘Eight” other awards
05/02/2014 5:55 am EDT


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HSBC Saudi Arabia Limited has won ‘Nine’ awards including the coveted ‘Saudi Asset Manager of the Year’ award for its performance over the year 2013 at the MENA Fund Manager Performance Awards ceremony held recently.

The MENA Fund Manager Performance Awards are presented annually based on the performance track record of the asset managers in the GCC region and the ceremony attracts the single largest gathering of the region’s asset managers.

In addition to the Saudi Asset Manager for the Year, HSBC Saudi Arabia won the following awards:
HSBC GCC Equity Fund for GCC Equity fund – over $30m 1 & 3 Year performances.
HSBC Saudi Construction and Cement Companies fund for Sector fund for 1 & 3 Year performance
HSBC Saudi Freestyle Equity Fund for Best Saudi Equity fund
HSBC Saudi Freestyle Equity Fund for Best Shariah Compliant Equity fund
HSBC Saudi Companies Equity fund for Best Saudi Equity fund – 3 Year performance
HSBC Saudi Freestyle Equity Fund for Best New Comer fund.

Walid Khoury, the Chief Executive Officer of HSBC Saudi Arabia Limited said: “This is a remarkable achievement for HSBC as no other regional firm has ever won as many awards in one year. HSBC Saudi Arabia is not only the best asset manager in Saudi but also in the MENA region as a whole.”

Osama Shaker, Managing Director & Head of Financial Markets at HSBC Saudi Arabia commented: “We are extremely pleased to have won nine awards which reflects our strong commitment to deliver superior investment products and performance. We strive to always deliver excellent investment returns to our clients via our dedicated team of investment professionals by offering comprehensive and unparalleled investment solutions and services.”

For more information please contact:
Turki ALMIQBAS
Manager Media Relation
The Saudi British Bank (SABB)
Tel: +96612764779
Fax: +96612764809

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