Latest news with #SEDCOCapital
Zawya
25-02-2025
- Business
- Zawya
Abdulwahhab Abed appointed as CEO of SEDCO Capital
Jeddah, Saudi Arabia: SEDCO Capital, a global Shariah-compliant and ESG-led asset management and advisory firm, announced today the appointment of Mr. Abdulwahhab Abed as Chief Executive Officer. This decision follows a successful tenure as Acting CEO, during which he demonstrated strong leadership and a proven ability to deliver exceptional results. Mr. Abdulwahhab Abed brings over 18 years of professional experience, having held multiple leadership positions, including board memberships in several companies. Within SEDCO Capital, he has taken on various key roles, most recently serving as Chief Business Development Officer. He holds an MBA in Finance from the McCallum Graduate School of Business at Bentley University in the United States, where he also earned his bachelor's degree in Finance and Accounting. SEDCO Capital praised Mr. Abdulwahhab Abed's efforts during his tenure as Acting CEO, highlighting his strong leadership in navigating the company through a challenging period and reinforcing its position as a leading asset management firm. In its statement, the company noted: 'Through his leadership, Mr. Abdulwahhab oversees the execution of investment strategies designed to create sustainable value for clients while maintaining full commitment to Shariah principles and responsible ethical investing.' The company also highlighted the significant growth SEDCO Capital achieved under his leadership across various sectors. The number of newly launched investment funds surged by 350%, assets under management grew by 50%, and net profit increased by 72%. Additionally, the company introduced 24 new investment funds and products, including 15 real estate investment funds. During this period, SEDCO Capital also launched its ambitious three-year strategy and was recognized as a 'Best Workplace' for the period from October 2024 to October 2025. SEDCO Capital concluded its statement by expressing its strong confidence in Mr. Abdulwahhab Abed's ability to drive continued success and wished him all the best in his new role as CEO. --Ends-- About SEDCO Capital SEDCO Capital is a global, Shariah-compliant, and ESG led asset management and investment advisory firm. Our investment philosophy is underpinned by three Ps: principles, partnership, and performance. We provide clients with investment solutions through a dynamic asset allocation process across diversified asset classes that deliver strong risk-adjusted returns. By adopting a global view to investing while looking through the lens of our proprietary Prudent Ethical Investment (PEI) approach, an integration of Shariah-compliant and Responsible Investment principles, we provide our clients with unparalleled global access to investments across developed and emerging markets, including Saudi Arabia, in alignment with their investment objectives. In 2014 we proudly became the first Saudi company and the world's first Shariah-compliant asset manager to become signatory to the UN Principles of Responsible Investment (UNPRI) and we continue to be recognized for our commitment to responsible investments. SEDCO Capital oversees over $9.9 billion in total assets under management (AUM) and is headquartered in Jeddah with offices in Riyadh, Dubai, London, and Luxembourg. SEDCO Capital is licensed by the Capital Market Authority (License No. 11157-37). The Firm's headquarters is in South Tower, Red Sea Mall, King Abdulaziz (Malik) Road, PO Box 13396 Jeddah 21491, Saudi Arabia. Find out more at For further information, please contact: Maha Ali Abul-Ola Vice President, Corporate Communications SEDCO Capital Email: mahaa@
Argaam
05-02-2025
- Business
- Argaam
SEDCO Capital, Sumou Investment sign agreement to set up 5 real estate funds worth over SAR 8B
SEDCO Capital, a leading global asset management and Shariah-compliant investment solutions provider, announced signing an agreement with Sumou Investment to establish five private real estate investment funds, with a total value exceeding SAR 8 billion. According to a company statement, the funds' strategy includes a diverse range of projects, such as infrastructure development, mixed-use tower construction, and multi-purpose real estate developments. These investment projects will be distributed across key cities in the Kingdom of Saudi Arabia, including Riyadh, Jeddah, Makkah, and Madinah. SEDCO Capital reaffirmed its commitment to expanding its real estate investment strategy, focusing on meeting the needs of investors seeking innovative and sustainable opportunities. Acting CEO of SEDCO Capital, Abdulwahab Abed, said: "Through this agreement, we maintain our strategic vision of providing innovative, Shariah-compliant investment solutions that align with our investors' aspirations. This step reinforces SEDCO Capital's position as a trusted investment partner, keeping pace with the rapid developments in the Saudi real estate investment sector, in line with Vision 2030." Meanwhile, CEO of Sumou Investment, Abdulrahman Al-Qahtani, commented: "We are proud to sign this agreement, which builds on Smw Investment's strategic growth. We remain committed to developing value-added real estate projects that create integrated residential and commercial communities, catering to the kingdom of Saudi Arabia growing market needs." The agreement embodies SEDCO Capital and Sumou Investment's commitment to enhancing the kingdom of Saudi Arabia real estate investment sector through innovative and sustainable projects that support Vision 2030. With a diversified project portfolio across major cities, this partnership reflects a joint vision that aims to add value to the national economy while meeting investor and growing market aspirations.
Zawya
27-01-2025
- Business
- Zawya
SEDCO Capital unveils dividends for multi-asset traded fund's unitholders
Riyadh – Saudi Economic and Development Securities Company (SEDCO Capital) unveiled SAR 5.70 million in cash dividends to the unitholders of SEDCO Capital's multi-asset traded fund. A total of 30 million units of the REIT fund will receive SAR 0.19 per unit for the period from 1 October 2024 to 31 December 2024, according to a bourse filing. The distribution ratio of the net asset value stands at 1.90%. The eligibility for cash dividends will be at the end of the trading session on Thursday, 30 January 2025, while the distribution of the dividends shall take place within 60 days. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
