Musharaka Capital wins the award for the best Sharia-compliant IPO fund manager in the Middle East
03 November 2016
Musharaka Capital Company received the award for Best Initial Public Offering (IPO) Fund Manager in the Middle East for the year 2016, presented by Capital Finance International (cfi.co).
Musharaka Capital manages the Musharaka IPO Fund, an open-ended investment fund aimed at achieving long-term capital growth by investing in initial public offerings (IPOs) in the Saudi stock market. The fund also invests in stocks that have been listed on the Saudi stock market for less than three years, provided they comply with Shariah guidelines.
Additionally, the fund aims to outperform its benchmark index, the Musharaka IPO Index, which is calculated by S&P (Standard & Poor’s).
Musharaka Capital wins the award for the best Sharia-compliant IPO fund manager in the Middle East