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Abiyan Finance Unveils High-Performing Saudi Market Portfolio

A Collaboration with Jadwa Saudi Equity Fund Marks New Milestone

June 27, 2024
in Innovation & Tech
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Abiyan Finance has recently launched its innovative “Saudi Market Portfolio”, in strategic alliance with the Jadwa Saudi Equity Fund. This fund has been recognized as one of the top-performing Saudi investment funds in 2023, outpacing the Saudi stock market index Tadawul All Share Index (TASI) by a significant margin. The fund’s achievements include a remarkable 38.8% return in 2023 alone, alongside a cumulative return of 179% over the past five years, and an impressive 89.5% over the last three years. Since inception, the fund has generated an extraordinary total return of 842.7%, with the highest annual loss recorded over the past decade being a mere 3.8%.

Experts have designed the Abiyan app to streamline and simplify the investment process. The user-friendly platform automates investment activities across a diverse range of assets such as real estate, sukuk, and both local and international stocks. The application operates with ease and complies with the regulations set forth by the Financial Market Authority, ensuring a legitimate and authorized investing experience. Notably, the initial investment threshold is set at 1,000 Saudi Riyals, with subsequent deposits allowed to be of lower amounts.

In a press statement, the Investment Manager of Abiyan highlighted the company’s proficiency in managing investments, with deposits exceeding 1.4 billion Saudi Riyals. The firm has earned the trust of over 300,000 users, executed more than 600,000 dividend distribution transactions, and emphasized that investment returns typically correlate directly with associated risks.

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The financial data mentioned reflects the status as of the end of 2023.

Tags: Abiyan FinanceFinancial PerformanceInvestment TechnologyJadwa Equity FundSaudi Market Portfolio
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