Argaam Recognition Award 2018 seek to recognize excellence & superior performance in the Saudi capital markets And acknowledge top-performing fund managers, IPO managers, and equity service providers!
The Awards comprise three categories:
1 - Top-Performing Mutual Fund for 2018, Top Performing Mutual Fund (3 Years) & Top-Performing Mutual Fund (5 Years)
2 - The IPO Manager of the Year (TASI & NOMU)
3 - Best Trading Platform and Best Brokerage Company (Customer Service)
The Awards aim to promote excellence, enhance transparency and encourage market participants to pursue the highest professional standards.
Winners will be disclosed on February 24. Stay tuned!
Argaam Recognition Award (ARA) is granted based on objective and transparent criteria as detailed hereinafter:
1 - The Top Performing Fund Award
The Award focuses on Saudi mutual funds that invest exclusively in Saudi-listed shares. The Award comprises two categories:
TIER 1 Mutual funds with assets under management (AUM) above SAR 100 million.
TIER 2 Mutual funds with assets under management (AUM) below SAR 100 million.
Winners are selected based on the actual rates of return disclosed by the Funds, for the respective investment horizons (1, 3 and 5 years).
2 - IPO Manager of the Year
The Award comprises two categories: One for Main Stock Market (TASI) and one for Parallel Stock Market (NOMU).
Winners are selected from financial firms that managed IPOs on one of the two markets during the period of assessment. The Award goes to the IPO manager who achieved the highest subscription percentage, and seizes the largest share of the IPO market.
3 - Best Trading Platform & Best Brokerage Awards
The two awards are granted based on a survey of Argaam readers' opinion. Argaam does not interfere with the voting process or its outcome.
The selection process starts with Argaam announcing the start of voting round, inviting readers to cast their votes. Voting remains open for five days, then votes are counted automatically, and winners disclosed.