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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

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: August 29, 2014
KUEAIT. There is plenty of potential in the Kuwaiti market, should investor interest remain and the government carries out its proposed spending plans. The government's 2014/15 budget is expansionary, with expenditure growth of 3.2% to US$77.3 billion.
date:Posted: August 28, 2014
SAUDI ARABIA. The Saudi Arabian index is the region's most diverse capital market due to its size and maturity; Jadwa Investment views the opening up of the Tadawul as an overall positive but believes a cautious and considered path to reform is the best way forward, much like the Chinese example.
date:Posted: August 28, 2014
LEBANON. The results of the Byblos Bank/AUB Consumer Confidence Index show a marginal improvement in January and February, picking up pace in March and April, and regressing in May and June 2014.
KUEAIT. There is plenty of potential in the Kuwaiti market, should investor interest remain and the government carries out its proposed spending plans. The government's 2014/15 budget is expansionary, with expenditure growth of 3.2% to US$77.3 billion.
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