Saudi lenders post 10% growth in mutual funds
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Saudi lenders post 10% growth in mutual funds

Saudi lenders post 10% growth in mutual funds

Talat Zaki Hafiz, secretary general of the Media & Banking Awareness Committee of Saudi Banks has said the volume of money invested in mutual funds managed by Saudi lenders saw an average annual increase of 10% in 2012, Saudi Gazette has reported. The volume, which rose to SR90.83bn at the end of the third quarter of 2012 from SR82.19bn in 2011, comprised SR70.8bn local investments and SR19.27bn foreign assets, said Hafiz.

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