Saudi Kuwait Finance House Fund, represented by the Sharia-compliant KFH Initial Issues Fund, has been crowned the best IPO fund for 2015 in Saudi Arabia, achieving a first in the Kingdom's investment instruments market.

The KFH IPO fund has been crowned the best IPO fund for 2015 in the Kingdom of Saudi Arabia.

This selection by Global Banking & Finance Review, one of the leading financial community news organizations worldwide, came as a result of the company's outstanding performance in wealth management, innovation, achievement and providing unique investment products. The award was received during a ceremony held at the organization's headquarters in London, by Tariq Al Rakhimi, CEO, and Khaled Fada, Director of Investment Funds Division in Asset Management.

Tarek Al Rokhimi revealed that this achievement confirms SAIFK's position as the best financial company participating in the Islamic finance industry at the local and international level and enhances investor confidence in the efficiency of the development management plans of the company. He added that the KFH Initial Issues Fund is an open-ended collective investment program designed for investors wishing to achieve real returns that rival the returns achieved by other products that invest in publicly listed stocks, stressing that the fund offers investors the opportunity to take advantage of the significant growth opportunities available in emerging and new companies and ensures an optimal balance between return and risk to maximize returns and achieve risk-adjusted performance for investors in the fund.