MEFIC Capital Funds Won Two Awards “Best Performing Saudi Equity Fund” by Global Banking & Finance Review
January 25, 2018
“MEFIC LOCAL EQUITY FUND” has received the 2017 “Best Performing Saudi Equity Fund” award. Additionally, “MEFIC MURABHA FUND” has received the 2017 “Fastest Growing Money Market Fund” award from Global Banking & Finance Review.
Established in 2007, MEFIC Capital has been a prominent player in the investment management industry of Saudi Arabia with multiple investment products offering, covering Real Estate, Fixed Income, Public Equity and Private Equity.
MEFIC Capital has emerged with its product variety in Asset Management. The company succeeded in building a highly qualified team to constantly achieve outstanding performance through designing investment products that suits the diversified clients’ base, including corporates, family offices and high net worth individuals. The assets under management are distributed between, Public Equity, Private Equity, Real Estate Development & Income generating funds, and money markets.
Ibrahim Al-Hediathy, Managing Director of MEFIC Capital said, “We are delighted to receive these two awards from Global Banking & Finance Review. Our strategy is to be the leading asset management company in KSA. These awards are recognition of the success of MEFIC strategy. I believe this gives impetus to MEFIC to continue enhancing its investment performance in all asset classes we manage. MEFIC Capital is committed to provide its investors with highest quality of innovative products and services”.
Shahid Motan, Head of Asset Management, added “We believe in following rigorous investment process and disciplined fundamental approach of investing in public equity. Our team aims to achieve high returns to investors through conviction based approach; we carry an extensive bottom-up attitude by thoroughly analyzing the companies prior to investing. Our target is to be the manager of choice for investors by being one of the top managers in Saudi Equity portfolio space. We have invested in building a solid team which is second to none, and are striving to achieve superior performance comparatively”.
MEFIC Capital was established in 2007. MEFIC is regulated by the Capital Market Authority of the Kingdom of Saudi Arabia (CMA No. 37-060209).