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Rasmala Investments Saudi launches Shariah Compliant Saudi Equity Fund

Rasmala Investments Saudi announced today the launch of its Shariah Compliant "Rasmala Saudi Equity Fund".

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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 SR50,000.

Hamad Al Huthaili, Managing Director of Rasmala Investments Saudi, said:
"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."


"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.
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Related site: http://www.rasmala.com

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About Rasmala Investments Saudi:

Rasmala Investments Saudi "RIS", a Saudi Closed Joint Stock Company regulated by the Capital Market Authority, is a subsidiary of Rasmala Investments Holdings Limited headquartered in DIFC, Dubai. RIS intends to offer a wide range of investment products in the Saudi market covering Asset Management, Brokerage, Corporate Finance and Private Banking. The company is headquartered in Riyadh with a regional office in Jeddah.

About Rasmala:

Rasmala is a leading regional Investment Banking Firm, headquartered in the Dubai International Financial Centre (DIFC), with regulated subsidiaries in the UAE, Saudi Arabia, Egypt and Oman. With $1.2bn of assets under management, Rasmala's core business activities include Private Equity, Asset Management, Corporate Finance and Brokerage.

Media enquiries:

Maha Masri
Head of Corporate Communications
Rasmala
Tel: +971 4 363 5600

Zeina Abdalla
Hill and Knowlton
Account Executive
Tel: +971 4 334 4930
Siba Sami Ammari Posted by Siba Sami Ammari
Tuesday, July 28 - 2009 at 12:43 UAE local time (GMT+4)

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