You are hereHome CategoriesNews
Rasmala launches Shariah compliant Saudi equity fund
Source: BI-ME , Author: BI-ME staff
Posted: Tue July 28, 2009 12:50 pm

SAUDI ARABIA. Rasmala Investments Saudi announced today the launch of its Shariah Compliant “Rasmala Saudi Equity Fund”.

The new fund will predominantly invest directly in the Shariah Compliant securities listed on Tadawul. The fund is denominated in Saudi Riyal with a minimum subscription amount of SAR 50,000.

“We believe that the fundamentals of the Saudi economy will remain robust given the growth in spending by government entities. 

Further, the prospects for the Saudi financial market are attractive in the medium term and beyond.” said Hamad Al Huthaili, Managing Director of Rasmala Investments Saudi.

“The recent price adjustments in the Saudi Stock market have helped to create a valuable opportunity for long term investors” added Muhammad Shabbir, Head of Asset Management of Rasmala Investments Saudi



date:Posted: November 26, 2015
UAE. Legal experts say move will influence oil major investment plans in Iran ahead of the lifting of sanctions; Lawmakers likely to be mindful of "missed opportunities" in Iraq and Lebanon.
date:Posted: November 25, 2015
UAE. EMAAR, Shell, and Emirates lead The LinkedIn InDemand list of the most sought-after employers in the region based on millions of interactions from members; Rather than relying on questionnaires, InDemand measures the actual behaviour of professionals as they explore their career journey.
date:Posted: November 24, 2015
INTERNATIONAL. Commodities still under pressure; Oversupply in the oil market continues to be a concern; Gold consolidating as December rate hike now priced in.
UAE. "Middle Eastern interest in African investment opportunities has been noteworthy historically given that Sub-Saharan Africa is just next-door. Over the last decade, Dubai logistics and air travel have become Africa's hub and link point for China and the rest of Asia."
Monogram Ring