Argaam Financial Portal is pleased to announce the winners of “Argaam Recognition Award 2021” to honor their outstanding performance during 2021.
Argaam Recognition Award recognizes the professional excellence of fund managers and IPO lead managers in the Saudi market, especially as 2021 was one of the hottest years on different levels, including IPOs in the Main Market – Tadawul or Nomu-Parallel Market.
Argaam Recognition Award is granted to the following three categories:
1) Best-Performing Mutual Fund for 2021 for one, three and five year-term.
2) Best IPO Lead Manager for 2021 in Tadawul and Nomu.
3) Best Trading Platform and Best Brokerage Company (Customer Service) for 2021.
The list of winners is selected by Argaam voters.
HSBC Saudi Financial Institutions Equity Fund was the top performer among TIER I funds 2021, with net assets under management (AUM) of more than SAR 100 million. The fund achieved an annual return of 52%. Saudi Financial Institutions Equity Fund was the top performer among TIER II funds 2021, with AUM of less than SAR 100 million. The fund achieved an annual return of 50.7%.
The “Best Performing TIER I Fund – Three-Year Term” award was grabbed by SNB Capital Saudi Small and Mid-Cap Equity Fund, which achieved an annual return of 123.8% among peers with AUM of more than SAR 100 million. On the other hand, Osool & Bakheet Parallel Market Trading Equity Fund was the top performer among TIER II funds – three-year term, with AUM of less than SAR 100 million. The fund achieved an annual return of 426.5%.
For top performing funds in five-year term, HSBC Saudi Financial Institutions Equity Fund was the top performer among TIER I funds, with AUM of more than SAR 100 million. The fund achieved an annual return of 139.3%. Derayah FreeStyle Saudi Equity fund was the top performer among TIER II funds – five-year term, with AUM of less than SAR 100 million. The fund achieved an annual return of 127.7%.
Argaam Investment Co. started this year to honor the Shariah-compliant Saudi mutual funds and the funds with the highest return over three and five years.
SNB Capital Freestyle Saudi Equity Fund was the top performing, Shariah-compliant fund in 2021, with AUM of more than SAR 100 million (TIER I). The fund achieved an annual return of 49%. KASB Freestyle Saudi Equity Fund was the top performing, Shariah-compliant fund in 2021, with AUM of less than SAR 100 million (TIER II). The fund achieved an annual return of 41%.
SNB Capital Saudi Small and Mid-Cap Equity Fund was the top performer among TIER I funds over a three-year term, with AUM of more than SAR 100 million. The fund achieved an annual return of 123.8%. Osool & Bakheet Parallel Market Trading Equity Fund was the top performer among TIER II funds, with AUM of less than SAR 100 million (TIER II). The fund achieved an annual return of 426.5%.
SNB Capital Freestyle Saudi Equity Fund was the top performing, Shariah-compliant fund over a five-year term, with AUM of more than SAR 100 million (TIER I). The fund achieved an annual return of 129.41%. Derayah Financial’s Derayah Freestyle Saudi Equity Fund was the top performing, Shariah-compliant fund, with AUM of less than SAR 100 million (TIER II). The fund achieved an annual return of 127.74%.
SNB Capital was recognized by Argaam Investment Co. as the “Best IPO Lead Manager of the Year 2021 – Tadawul”. It managed offerings worth SAR 16 billion on the Saudi market. HSBC Saudi Arabia was recognized as the “Best IPO Financial Advisor of the Year 2021 – Tadawul”. It was the advisor on offerings worth SAR 6.48 billion on Tadawul.
Meanwhile, Emirates NBD Capital won the “Best IPO Lead Manager on Nomu-Parallel Market for 2021”, as it recorded the highest coverage ratio in the IPO of Shatirah House Restaurant Co. (Burgerizzr).
Derayah Financial was recognized as the “Best Brokerage Company 2021 - Customer Service” and the “Best Trading Platform 2021”.
Since its launch in 2017, Argaam Recognition Award received a great turnout from the Saudi money and business community. The 2021 edition proves the continued success of the professional concept upon which the ward is based.
Through Argaam Recognition Award, Argaam seeks to support excellence, boost transparency and encourage fund managers in the Saudi market to target the best performance throughout the year.
