SAUDI ARABIA: Awqaf Investment, the investment arm of the General Authority for Awqaf in Saudi Arabia, has appointed global financial services provider Apex Group as its new strategic partner.
Under the partnership, Apex Group will act as the administrator for Awqaf Investment’s funds, implementing a single-source solution to integrate all aspects of its fund administration. Apex Group will also be providing fund accounting services, transfer agency services and middle/back office outsourcing for the company.