ALKHABEER Capital asset management and investment firm providing world-class Shariah-compliant investment services, posted 18 percent growth in group's revenues to SR64.6 million in 2011 against SR54.8 million in the preceding year. Net profits increased by 74 percent to SR19.1 million compared to SR11 million in 2010 driven by the growth of assets under management and robust investment returns with a strong net profit margin of 30 percent from 20 percent in 2010. At the annual general meeting held last Wednesday, Ammar Shata, executive director and chief executive officer, said the company's investments increased by 71 percent to SR559.5 million from SR327.4 million driven by strategic investments in real estate, capital markets, asset backed securities and unlisted equities in addition to capital appreciation of these investments. Asset management business performed strongly with assets under management increasing by 169 percent to SR1.4 billion from approximately SR535 million in 2010 with a range of new funds launched across different asset classes such as the Alkhabeer Global Commodity Fund and the Alkhabeer GCC Equity Fund. Alkhabeer Capital has strengthened its product development and placement teams to cater to the phenomenal growth that we are experiencing whereby our client base has increased by 247 percent. “We have started 2012 very well and are committed to providing our client base with innovative Shariah-compliant investments products and services that focus on the global & local capital markets, real estate, and private equity sectors. We are well positioned for steady long term growth, driven by the demand for quality Shariah-compliant investment solutions and I look forward to reporting further updates shortly,” Shata said. Alkhabeer Capital is licensed by Saudi Arabia's Capital Market Authority (CMA) with an international team of investment specialists, who provide best in class asset management, corporate finance and wealth management solutions.Alkhabeer Capital has offices in Jeddah and Riyadh. It is a boutique investment & asset management firm that provides world-class Shariah
