
Portfolios Investment Company (PIC) announces compliance with the Global Investment Performance Standards (GIPS®) from CFA Institute
Portfolios Investment Company (PIC) furthered its commitment to transparency and ethical standards by complying with the Global Investment Performance Standards (GIPS®) since the inception of PIC in 2021.
Introduced in 1999, the GIPS standards are global voluntary standards based on the fundamental principles of full disclosure and fair representation of investment performance. The GIPS standards are administered globally by CFA Institute and have been adopted by more than 1,700 firms and asset owners in 48 markets around the world.
PIC is among the few asset managers in Saudi Arabia claiming compliance with the GIPS Standards (GIPS®) in the region.
“We are extremely proud to have successfully undertaken the rigorous process to claim compliance with the GIPS standards, a voluntary process that uplift the transparency of our performance results in a globally comparable way” said Mohammed Alnahash, Portfolios Investment Company’s CEO and CIO. "Complying with the GIPS standards is important as we continue to grow our business. Adhering with GIPS standards also allows us to continue building trust with our existing and prospective clients as it provides consistent investment performance measures that reinforce the highest level of transparency and integrity in reporting performance results."
“We applaud PIC for making the voluntary decision to comply with the GIPS Standards and join the increasing number of Asset Managers in Saudi Arabia to claim compliance with the GIPS Standards, which enhances the investment industry in Saudi Arabia” Ahmad Kordi, President of CFA Society Saudi Arabia, said in a statement.
About Portfolios Investment Company (PIC)
Portfolios Investment Company (PIC) is a fundamental long only equity investment management firm headquartered in Riyadh, Saudi Arabia. PIC manages investment portfolios for institutional clients, family offices and high net worth individuals and specializes in publicly traded companies in the Saudi stock market. Portfolios Investment Company (PIC) is a closed joint-stock company established under the laws and regulations of the Kingdom of Saudi Arabia licensed by the Saudi Capital Market Authority license number 21229-02 to manage investments, with a principal office in Riyadh, Saudi Arabia.
About CFA Institute
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion of ethical behavior in investment markets and a respected source of knowledge in the global financial community. Our aim is to create an environment where investors’ interests come first, markets function at their best, and economies grow. There are nearly 200,000 CFA charter holders worldwide in more than 160 markets. CFA Institute has ten offices worldwide and 160 local societies. For more information, visit www.cfainstitute.org or follow us on LinkedIn and X at @CFAInstitute and on Facebook.com/CFAInstitute. For more information about the GIPS standards, visit www.gipsstandards.org.