Mr. Ahmad Tantash, Jordinvest Chairman and CEO, commented:
"We are very pleased with the results of our First Trust Fund; its continued positive performance reflects the great professionalism and expertise of Jordinvest's team, whose efforts have helped mitigate the repercussions of systemic risk in Arab financial markets resulting from the global economic crisis."
He added, "As always, we are closely following the developments of the global economic crisis, and are taking all precautions possible to ensure the continued stability and growth of our strategic investments and investors' returns. We look forward in 2009 to rendering future investments adaptable to prevalent and forecasted economic and financial market developments in the Mena region."
The first joint investment fund to be established in the Kingdom since 2000, one of the Fund's key objectives is to contain the risks involving major financial markets by diversifying its investments and distributing them across reliable markets. The Fund provides the opportunity to invest in domestic and regional Arab financial markets wherein the greater part of the Fund's assets are invested in stocks and bonds issued by governments, public institutions and public joint-stock companies. It also enables investment in unlisted securities as long as the percentage does not exceed 10% of the Fund's total assets.
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