AI Summary
In recognition of the professional excellence of investment fund managers and IPO lead managers in the Saudi stock market, Argaam continues to present the Argaam Recognition Award to outstanding financial institutions in light of the performance of their investment funds and investment banking in the Main Market (TASI) and the Nomu-Parallel Market.
The “Top-Performing Fund for 2024” Award was granted to Al Rajhi Capital Saudi Small and Mid-Cap Equity Fund. The award is granted to the top performing funds with net assets under management (AUMs) exceeding SAR 100 million (TIER-I). Osool & Bakheet Parallel Market Trading Equity Fund won the “Top-Performing TIER2 Fund for 2024” Award for funds with AUMs below SAR 100 million.
HSBC Saudi Arabia was awarded the " IPO Manager of The Year 2024" in the Main Market. Yaqeen Capital was named the “Top IPO Manager of The Year 2024" in the Nomu-Parallel Market.
Al Rajhi Capital was also named the “Best Trading Platform and Best Brokerage Company for 2024”.
Since its launch in 2017, the Argaam Recognition Award has received wide acclaim and considerable interest from the Saudi financial and business community. This year’s edition builds on the success of the award’s professional foundation.
Through this award, Argaam aims to promote excellence, enhance transparency, and encourage fund managers in the Saudi market to deliver strong performance throughout the year.
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