Tabbara had been with the company since its launch and has become a well known and respected figure in the Saudi Arabian fund industry. Jadwa representatives refused to comment on the circumstances of his departure, but described the situation as “delicate”. At the time of writing, Tabbara could not be reached for comment.

 

Although his departure has only recently come to light, it has been revealed that Tabbara actually left the company at the end of May. “We have not  announced that he has left because we didn’t have to,” said a Jadwa source, adding that Al Suhaimi was appointed at the beginning of June.

 

Al Suhaimi joined Jadwa in 2007 to assist with the launch of the firm’s mutual funds and discretionary portfolio management service. Before taking on the role of head of  asset management, she was head of portfolio management at the company, responsible for managing Jadwa’s Saudi, GCC and Arab market equity funds, Saudi  and GCC index funds, a global sukuk fund, Saudi riyal and US dollar murabaha funds, three funds of funds and the firm’s discretionary portfolios.

 

“Apart from her portfolio management responsibilities over the years, Sarah has been involved in product and business development initiatives at Jadwa,” read a company statement, sent to Mena FM. “She has played a pivotal role in Jadwa funds’ award-winning performance and in the rapid growth of the asset management business.” 

 

Before joining Jadwa, Al Suhaimi was a senior portfolio manager at Samba’s asset management decision, co-managing in excess of $12bn in local equity mutual funds and discretionary portfolios.