Saudi Kuwait Finance House wins IPO award

Finance magazine Global Banking and Finance Review  recently honored the Saudi Kuwait Finance House (SKFH) with an award for the best initial public offering (IPO) for 2015.

The award was bestowed at ceremonies in London for SKFH's IPO Baitak Fund, named the best IPO fund for the year 2015 in Saudi Arabia.

"IPO Baitak Fund is a collective investment scheme tailored for investors wishing to achieve competitive returns," SKFH CEO Eng. Tareq Al-Rikhaimi said. "It allows investors to benefit from the considerable growth opportunities available in the emerging and new companies, not to mention guarantees achieving the optimal balance between the risk and return to maximize the latter and to ensure risk-adjusted performance for the investors."