Tuesday, 28 July 2009

Rasmala launches Shariah compliant Saudi equity fund

Rasmala Investments Saudi announced today the launch of its Sharia Compliant “Rasmala Saudi Equity Fund”.

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 SAR 50,000.

“We believe that the fundamentals of the Saudi economy will remain robust given the growth in spending by government entities.

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