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NCB Capital launches mutual funds in Ireland
- Saudi Arabia: Wednesday, December 05 - 2012 at 03:54
NCB Capital, the investment arm of Saudi lender NCB, has become the first Saudi institution to establish a non-Saudi registered range of funds under the Undertakings for Collective Investment in Transferable Securities (UCITS) platform registered in Ireland, Saudi Gazette has reported. The firm is also launching this month the first two funds on this new platform, the NCB Capital Saudi Arabian Equity Fund and the NCB Capital GCC Equity Fund. The two Shari'ah-compliant funds will be marketed internationally in conjunction with Amundi, with a focus on institutional investors in Europe and Asia.
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