English Articles

SHARIA GOVERNANCE:  We are committed to complying with Sharia governance practices such as (but not limited to) the establishment of a Sharia Committee, independence of pronouncement, administration of Sharia audit and Sharia reporting.     To achieve this, we have appointed Shariyah Review Bureau (“SRB”) to help us adhere to the best practices and guidelines on Sharia governance. In this role, SRB will facilitate Sharia related discussions, product research, and Sharia reporting while working with the head of functions to augment Sharia principles and rulings at different levels of the organization. SRB will also help ensure that the members of the Sharia Committee operate with independence and autonomy and warrants effective decision-making and Sharia assurance practices.       Some of the specific requirements that SRB will manage are:    Help establish a robust Sharia governance mechanism including the formulation and management of the Shariah Committee and liaising with them to ensure that all products and services are duly accredited and in line with the rulings of the Sharia Committee.  Assist in establishing a qualified and independent Sharia Committee function.  Coordinate with various departments, head of functions and taskforces on Shariah issues, and provide support during Shariah audits and related assessments.  Contribute to the development and enhancement of products and new offerings, coordinating with relevant stakeholders for feedback.  Ensure that all products and services offered (and for which SRB is responsible for under its engagement agreement) by us are approved and certified by the Sharia Committee.  Supervise the Sharia audit to verify compliance with Sharia principles and standards.  Where applicable, disclose relevant information to management regarding the Sharia governance framework, Sharia Committee rulings, product (non-compliance) risks, Zakah verification and purification of non-permissible income.    SHARIA COMMITTEE:  For the purpose of effective Sharia governance and supervision, one renowned and qualified Sharia scholar has been assigned. The Sharia Committee independently issues pronouncements, and these rulings are binding onus. The name of the Sharia Committee member is provided below:    Sheikh Muhammad Ahmad    ABOUT SHARIYAH REVIEW BUREAU:   Shariyah Review Bureau (SRB) is a Middle East-based firm with an international scholarly platform of +37 scholars covering 4 major school of jurisprudences and spreading over 16 countries including Saudi Arabia, Bahrain, UAE, Malaysia, Pakistan, UK, Germany and Russia. SRB is licensed and regulated by the Central Bank of Bahrain and has been serving the Islamic financial industry for almost 20 years and is committed to empowering Sharia compliance for businesses around the world.   To learn more about SRB and its services, please visit www.shariyah.net.           Annual Reports

Established in 2007, Al Wasatah Al Maliah Company (“Wasatah”) is a closed joint stock investment company with a paid-up capital of SAR 250 million Wasatah is regulated by the Capital Market Authority (“CMA”) and authorized by the Saudi Arabian General Investment Authority (“SAGIA”) CMA licenses granted: (i) advising, (ii) arranging, (iii) custody, and (iv) managing Wasatah’s activities and products are in full compliance with Islamic Shari’ah principles Lines of Business: Asset Management & Wealth Management Corporate Finance & Private Equity Advisory

Services Wasatah Capital provides customized portfolio management services and asset allocation advisory services to semi-government institutions, insurance companies, family offices and high net worth individuals. Based on the changing global market conditions, our services are centered on these two pillars Discretionary Portfolio Management Wealth Advisory and Management We also plan to provide collective investment instruments based on evolving market dynamics and unique investment theme. The Company had over SAR 295 million in assets under management as of February, 2012. Investment Philosophy Emphasis on Fundamental Research and Market Timing: We aim to invest in a selection of securities that will add optimum value to our clients’ portfolios.  Fundamental analysis and research forms the backbone for any strategic investment. The process also involves technical analysis as a tool for market timing. Thorough Assessment of the Clients’ Requirements: Our primary objective is to achieve the optimum total returns on the assets under our management, commensurate with the degree of risk specified as acceptable by the client. Accent upon Consistency of Returns and Preservation of Capital: We consistently apply a strict buy and sell discipline to every security in our clients’ portfolios so as to be able to provide them with a consistent return in the medium to long term. Investment Process At Wasatah, we strive to construct and manage high-quality portfolios that meet the objectives of our clients by deploying internal and third-party research, adhering to the investment strategy discipline, taking a long-term approach and focusing on diversification as a tool to risk management. Our investment process is the result of our belief in the applicability of business cycles as well as a combination of macroeconomic and securities analysis for investment opportunities.

Services: Wasatah Capital provides customized portfolio management services and asset allocation advisory services to investment companies and individuals. Based on the changing market conditions, our services are centered on these pillars:     Public Funds..     Private Funds.     DPMs and wealth management   We also plan to provide collective investment instruments based on evolving market dynamics and unique investment theme.The company had over SAR 456.59 million in asset under management as of 31 December 2018 .       Investment Philosophy: Fundamental Research & Market Timing: As value investors, we aim to invest in a selection of securities that adds optimal value to our clients’ investments, with a reasonable level of risk. Consequentially, the process also involves observing a disciplined selling process. Thorough Assessment of the Client’s Requirements: Our primary objective is to achieve optimal total returns on the assets under our management, commensurate with the degree of risk specified as acceptable by the client. A full understanding of client’s performance objectives and risk tolerance is indispensable to the process. Strong Emphasis on Consistency of Returns & Preservation of Capital: We apply a disciplined buy and sell approach to every security in our clients’ investment, and strive to provide clients’ with a consistent return in the medium and long term.   Financial markets and stock exchanges: Wasatah Capital invest to its clients in the Saudi Stock Exchange (Tadawul) through its Investment Public Funds.   Investment Process: At Wasatah, we strive to construct and manage high-quality investments that meet the objectives of our clients by deploying internal and third-party research, adhering to the investment strategy discipline, taking a long-term approach and focusing on diversification as a tool to risk management. Our investment process is the result of our belief in the applicability of business cycles as well as a combination of macroeconomic and securities analysis for investment opportunities.