“Interview: Saudi’s SEDCO Capital looking to create its own ethical fund” – Zawya – November 26, 2018

On November 26, 2018 Zawya published an interview with Ayman Al Bashir, SEDCO Capital, about the firms plans to create its own ethical fund.

“The 42 year-old company, which is based in Jeddah and has offices in Riyadh, London and Luxembourg, is a Shariah-compliant investor in public and private equities, commodities, income funds, and real estate assets. It has more than $5 billion worth of assets under management, of which $1.6 billion is managed through a platform based in Luxembourg.

The company devised its prudent ethical investing strategy in August last year, which it said was an integration of Shariah-compliant and ethical investing.”

According to Mr. Al Bashir, “the Jeddah-based asset management firm has already reviewed its line-up of existing asset managers, and no longer invests with firms unless they are either signatories to the United Nations-based Principles for Responsible Investing (PRI), or have an environmental, social and governance layer within their investment offerings.

‘In the past, we used just to follow performance. So this is a new change. Any active manager has to have one of these two options,’ he said.”

You may read the article on the Zawya internet site.