Moody's has reconfirmed an Investment Manager Quality Rating of MQ2 to Riyadh-based Jadwa Investment for the second year.
The MQ2 rating is Moody's second highest rating on a five-point scale used to rate asset managers globally. This rating reflects Moody's view of Jadwa's superior asset management capabilities, financial profile, consistent performance, and strong internal controls.
As part of Moody's evaluation, representatives from Moody's reviewed in person Jadwa's procedures, risk measures and systems. In order to maintain its rating, Jadwa had to demonstrate continuous improvement from last year, when Moody's first awarded Jadwa an MQ2 rating.
Ahmed Al Khateeb, Managing Director & CEO of Jadwa Investment commented, "This is a great accomplishment for Jadwa Investment. Maintaining Moody's MQ2 rating means Jadwa has been improving steadily, raising the bar in the region. We are pleased to be the only firm in the region to be rated by Moody's, and it confirms Jadwa's position as a leading asset manager in the region."
Sarah Al Suhaimi, Managing Director and CIO of Jadwa Asset Management said, "Maintaining our MQ2 rating demonstrates the high capabilities and standards of Jadwa's team. This rating validates the investments we have made in building a solid platform and infrastructure, managed by a skilled and experienced team, operating with best practices and achieving consistent performance".
According to Moody's, Jadwa demonstrates the effective organizational structure and high standards of corporate governance that is one of the main characteristics of MQ2-rated investment firms. Jadwa's investment process is well structured, following a disciplined combination of top-down and bottom-up investment approaches, drawing upon the investment team's experience to combine valuation and macro-driven asset allocation with fundamental stock selection. They further stated that Jadwa's investment process is supported by an investment team that draws significant depth of expertise from both inside and outside the Arab investment arena.
Jadwa Investment is licensed by the Saudi Arabian Capital Market Authority and offers investment products covering a diverse range of asset classes and geographies. Since launching in 2007, Jadwa has been grown Assets under Management to around SR7bn as of mid 2012. Over this period, Jadwa has received numerous awards for the superior performance of its products & innovation.
*Source: AME Info