Jadwa Investment Wins Best Performing Endowment Fund Award for Nafaqah Waqf Fund

The signing ceremony 

Jadwa Investment, a leading investment management and advisory firm in the Middle East, was awarded Best Performing Endowment Fund in 2024 by the General Authority of Awqaf at the Nomu Forum for Financial Sustainability, held on 19 February 2025. The award was presented by Emad AlKharashi, Governor of General Authority of Awqaf. 

Nafaqah Waqf Fund, launched in January 2021 in partnership with the Ministry of Justice of Saudi Arabia, is a Shariah-compliant multi-asset fund designed to support the basic needs of Saudi families facing a loss of income due to litigation or instability. Since inception, the fund has grown from SAR 10 million to SAR 77 million in AUM. In 2024, it delivered a 7.8% return, outperforming peers by 4.5%.

Tariq Al-Sudairy, Managing Director & CEO of Jadwa stated, “This recognition reflects our longstanding commitment to social endowments and the non-profit sector more broadly. Growing the financial resources of this important sector is critical to magnifying its social impact and ensuring its long-term sustainability.”

Ghanem Al-Ghanem, Head of Investment Advisory at Jadwa said, “The success of the Nafaqah Waqf Fund is a testament to our long-term partnership with the Ministry of Justice and strategic approach to long-term value creation. We are proud to play a role in empowering social organizations with the financial strength they need to fulfill their mission.”

Jadwa provides investment advisory services to government entities, corporates, non-profit endowments, and family offices, helping them achieve their long-term financial objectives. As of 2024, the firm oversees over SAR 25 billion in assets under advisement, offering tailored investment solutions across multiple asset classes.