News

Saudi firm Kingdom Holding invests $229m in M&G

Sale signUK fund manager M&G has received a SAR1 billion (US$229 million) investment from Saudi-based Kingdom Holding. According to Kingdom, the investment is in line with its strategy of “investing in global leaders and diversifying exposure in new and promising sectors”. The conglomerate is controlled by Saudi prince and billionaire Alwaleed Bin Talal, despite him selling 16.8% of his stake to Saudi sovereign wealth fund Public Investment Fund. According to a filing with the Saudi stock exchange, Kingdom has invested $3.4 billion over the last two years in new sectors, including banking and asset management. M&G’s assets under management were reported as $370 billion as of the end of 2021, in keeping with the previous year’s figures. However, the firm has seen redemptions in its retail funds which suffered £3.8 billion in client outflows in 2021 and £11.9 billion the previous year. ©2022 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.

Roundtables

Middle East Investor Roundtable 2020: Dimensions of diversification

Investors in the Middle East consider the tools that will be needed to navigate the Covid-19 crisis, the continued appetite for dividend and why it’s all about tech. Chaired by Romil Patel.

South Africa asset management roundtable: Global rebound on ice

Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

South African roundtable: Taking the bull by the horns

Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.

ROUNDTABLE: Hooked to the global caravan

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.