Riyadh-based asset manager Jadwa Investment has launched a sharia-compliant multi manager funds platform.
The first three funds on the platform are focused on equites in domestic and emerging markets and an international sukuk.
Since their launch last year, the funds have collectively gathered more than SR1 billion (US$266.5 million) in assets under management.
Three more funds are scheduled to be launched before the end of the year, covering leasing, real estate and private equity.
“The launch of our multi-manager platform is part of our long-term strategy to give our clients access to an expanding universe of world-class, Shariah-compliant investments,” said Tariq Al-Sudairy, managing director and chief executive of Jadwa Investment.
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