Register | Forgot password?
Switch to Arabic
Thursday, November 26 - 2009

First day of dealing on AIM for new multi-asset class fund

The Family Shari'ah Fund Limited, a multi-asset class fund providing investors with exposure to a variety of Shari'ah compliant investments predominantly outside of the GCC region, is pleased to announce its commencement of trading on AIM today (Admission).

Article continues below
  • First day of dealing on AIM for new multi-asset class fund by Family Shari'ah Fund Limited.
    First day of dealing on AIM for new multi-asset class fund by Family Shari'ah Fund Limited.
The new multi-asset class fund managed by The Family Office Company B.S.C. (Closed) (The Family Office), a multi-family office based in Bahrain, will trade under the TIDM: FSF, following a successful placing of 31,549,999 Ordinary Shares at a Placing Price of $1.

Further information regarding The Family Shari'ah Fund Limited and the Placing can be found on the Company's website and in the Company's Admission Document which is also available on the Company's website.

Placing highlights:
1. The Family Shari'ah Fund Limited has been admitted to AIM following a successful placing of $31.55m.

2. The Company will seek to provide investors with:
- a diversified pool of Shari'ah compliant assets;
- geographic diversification, predominantly outside the GCC;
- liquidity through trading of the Company's shares on AIM; and
- a stable return profile across a market cycle.

3. The Company's investments will be managed by The Family Office with the objective of generating stable long-term capital appreciation across a market cycle through a diversified pool of investments, in strict accordance with Shari'ah principles (as determined by the Company's Shari'ah Supervisory Board).

4. The Family Office has a track record of managing and advising on a number of investments and specific mandates from GCC-based high net worth families and individuals.

5. The Company was advised by Blomfield Corporate Finance Limited in London.
Also consider reading:
Log in to request more information from The Family Office

Notes and media contacts

For further information, please contact:
Zahra'a Al-Khaldi
Media Co-ordinator
Tel: +966 2 6985490
Fax: +966 2 6994801

Disclaimer:

Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com

Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.

For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions