Strategic Cooperation Robeco and Rana

 

 

 

Robeco in Rotterdam Netherlands and Rana Investment Company (Rana) in Riyadh Saudi Arabia have announced the signature of a strategic cooperation agreement in the field of asset management.

 

Robeco and Rana capabilities offer attractive possibilities to cooperate in a mutually beneficial manner in the areas of investment products and asset management in Saudi Arabia. It is the intention initially to focus on the creation of several innovative investment products intended for distribution to the Saudi market. In the course of 2006 the first products of this cooperation will be available. In a later phase it is intended to bring the Saudi market a range of international products. The cooperation is envisaged to focus on institutional investors, family offices and high net worth individuals.

 

Robeco CEO George Möller said: 'Rana's knowledge of domestic asset management and local markets and our own experience in all international asset classes give us a perfect fit. This move is an illustration of the importance we place on developing further our business in the Middle East. We are most enthusiastic about this development and the potential for working with a leading Saudi company such as Rana.'

 

Rana CEO Dr. Mazen Hassounah said: 'We are delighted to make this announcement. Robeco international competencies particularly in the field of quantitative investing are well known. This cooperation powerfully complements our own capabilities and really underscores our mutual ambitions in the investment business.'

 

Robeco provides discretionary asset management products and services, as well as a complete range of mutual funds to a large number of institutional and retail clients worldwide. Robeco's product range encompasses fixed income and equity investments, balanced accounts, money-market funds and alternative investments.

 

Robeco distributes its funds for the retail market directly and through other financial institutions. Several of its mutual funds, including the flagship Robeco N.V., are listed on major European stock exchanges such as Amsterdam, Paris, Frankfurt and London. Our existing office in the Middle East is located in Bahrain and headed by Regional Manager David Gibson-Moore.

 

Robeco services its clients not only from its head office in Rotterdam but also from its European offices in Belgium, France, Germany, Spain and Switzerland. In the United States, Robeco has offices in New York, Boston, Chicago, San Francisco and Toledo (Harbor Capital Advisors). Robeco also has an office in Bahrain and an office in Japan.

 

Robeco is the centre for asset management within the triple AAA-rated Rabobank Group and has full operational independence. The combination of the highest credit ratings from the major international agencies and the highest sustainability cluster score within the banking sector reflects the high added value Rabobank has always offered its investors, members, clients and employees.

 

Established in 1986 by some of the most distinguished businessmen in Saudi Arabia, Rana has attained a leading position among investment companies in the aggressively expanding Gulf markets.

 

Rana is fully licensed and regulated by the Capital Market Authority of the Kingdom of Saudi Arabia to provide a full range of investment banking services. Rana is active in corporate finance, investment funds and portfolio management. The investment business focuses on managing global assets funded by either proprietary or discretionary managed funds. Assets under management are spread over a diverse universe such as private equity, alternative investments (hedge funds and private placements of public equity). Over the course of coming months, the company will expand on this strong base to provide brokerage and advisory services that are fully compliant with the highest international standards of corporate governance.

 

Office: +966 - 1 - 462 6262

E-mail: s.alsakka@ranainvestment.com

 

Office: +31 - 10 - 224 28 10

Mobile: +31 - 653 - 831 586

E-mail: ronald.florisson@robeco.nl