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Awqaf appoints Apex Group as its new strategic partner to enhance its investment offering in KSA

05 June 2024

Apex Group, the global financial services provider, has been appointed by Awqaf Investment - the investment arm of the General Authority for Awqaf - as its new strategic partner. Awqaf provides investment services to the non-profit sector and contributes to improving the sector’s returns.

The partnership is an important step in enhancing Awqaf’s capability to achieve its goals in investment operations management by providing comprehensive financial and operational solutions.

Zafar Ullah Khan, Apex Group Country Head – KSA, said:
“This strategic partnership is a great win for Apex Group. And we are delighted to offer our single-source solution for Awqaf’s Private and Public (Endowment) Funds that seamlessly integrates all aspects of fund administration, ensuring transparency and compliance with regulatory requirements. We have a strong global and local presence on the ground, along with state of the art technology – which is why we have been appointed as administrator for both of Awqaf’s funds.”

Haitham Alfayez, Awqaf Investment Company CEO, said: 
“At Awqaf Investment Company, we are committed to responsible and efficient management of endowment sector. This strategic partnership with Apex Group allows us to leverage their expertise in single-source fund administration. Their global reach, combined with local presence, and focus on transparency and compliance, aligns perfectly with our needs. We are confident this collaboration will ensure the continued success of endowments investments.”

Apex Group will be providing the following services:

  • Fund Accounting Services
  • Transfer Agency services
  • Middle/Back Office outsourcing 


Chanel Townsend| Head of Media Relations
chanel.townsend@apexgroup.com |+447391 046 830

About Apex Group

Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 13,000 employees globally, Apex Group provides services into 50 jurisdictions delivering an expansive range of services to asset managers, financial institutions, private clients, and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund raising solutions, fund administration, digital onboarding and bank accounts, depositary, custody, super ManCo, corporate services and a pioneering ESG ratings and advisory solution. Apex Group’s purpose is to be more than just a financial services provider and is committed to driving positive change to address three core areas; the Environment and climate change, women’s Empowerment and economic independence, education and social mobility.

About Awqaf Investment Company

Awqaf Investment Company “AIC” is the investment arm of the General Authority for Awqaf “GAA”. AIC is a leading investment management firm in the endowments sector, focusing on optimizing Awqaf investment returns by developing innovative investment and advisory solutions that satisfy the sector's needs, in accordance with the highest standards and best practices. For more information, visit AIC website at www.awqaf.com.sa

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