SABB offers opportunity to invest in China and India Flexible Equity Fund

Mr. Zaid Al Gwaiz, SABB Deputy Managing Director, Investment Banking stated that:
"This Fund will provide investors with opportunity to invest in one of the fastest growing markets to achieve long term capital growth through an investment portfolio that include shares of listed companies in China and India stock exchanges. The opportunity also is provided for investment in international listed securities provided by companies that maintains business and investment engagement basically in China and India.

Al Gwaiz further added that: CHINDIA Freestyle fund is managed by the HSBC Group, which maintains long and vast experience in the Chinese and Indian markets. The HSBC Group manages similar funds in both of these counties, which are the largest funds in terms of assets and performance. He pointed out that the initial term of the offer will be for three weeks and to take advantage of this offer the price for which is US$ 10 per unit. The fund will be activated on the 17.12.05 (15.11.1426H).

It is worth to mention that Chinese economy is characterized by constant progress in the infrastructure investment, reasonable valuation, promising expectations and steady growth in GDP of 8 percent approximately. These are supported by noticeable growth of investment and consumption in addition to the local market strength and export development. The Indian economy growth is supported by the fact that more than 55 per cent of the population is under 25 years of age and is distinguished by the continuous improvement of the infrastructure for activation of the investment cycle. The technology driven Indian economy is expected to grow by 7 per cent for the years 2005-2006. All the expectations support the fact that India and china will see prosperity in the growth of their economies in the foreseeable future.