Al Rajhi Capital claims compliance with the Global Investment Performance Standards (GIPS®) from CFA Institute



10/08/2022


Al Rajhi Capital claims compliance with the Global Investment Performance Standards (GIPS®) from CFA Institute, leading the way to become one of the pioneering companies in the implementation of Global Standards for disclosure of the performance of Asset Management Investments. Al Rajhi Capital plays a pivotal role in financial sector development and investment.

 

The CEO of Al Rajhi Capital, Mr. Waleed Al Humaid, remarks: “Adhering to the Global Investment Performance Standards (GIPS®) comes in close alignment to the objectives of our strategy (Investment Leadership). Al Rajhi Capital Asset Management acts to provide the best global practices to our clients by strengthening the principle to act upon integrity and transparency by presenting investment performance reports based on high standards to establish a relationship with our investors rooted in trust.”

 

Al Rajhi Capital is one of the top Asset Managers in the Kingdom of Saudi Arabia offering a wide range of innovative investment products across all major asset classes. Furthermore, Al Rajhi Capital displayed its commitment in showcasing the results of investment performance with utter transparency by completing the voluntary and demanding process of having the firm verified by one of the leading advisors in the financial services industry, as an independent third party. Verification provides assurance that a firm’s policies, procedures, and performance disclosures have been tested to adhere to the ethical standards and best industry practices required by the GIPS standards.

 

The first version of the GIPS standards (GIPS®) was released in 1999, supervised and managed by the CFA Institute and have been adopted by more than 1700 companies around the world across 48 countries. The Global Investment Performance Standards (GIPS®) are voluntary, ethical standards based on the fundamental principles of full disclosure and fair representation of investment performance. Global standardization of investment performance reporting gives investors around the world the additional transparency they need to compare and evaluate investment managers, which contributes to the long-term goal of building trust and assure reliability in the investment industry.

 

"GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein."

 



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