Al Rajhi Capital, the investment-banking subsidiary of Al Rajhi Bank and a leading asset manager in the Kingdom of Saudi Arabia, announced the launch of the Al Rajhi Saudi Equity Fund, a Specialized Investment Fund (SIF) established under Luxembourg law.
The open-ended, Shariah-compliant fund offers international investors access to Saudi Arabia's Stock Market, which is the largest in the Middle East and North Africa (MENA) region with a market capitalization of approximately USD 336 billion. It is also among the fastest growing markets having gone from only 62 listed companies four years ago to approximately 146 listed companies today.
The Fund will be offered to investors through Credit Suisse's Expert Investor SICAV-SIF and overseen by Luxembourg's regulatory authority, the Commission de Surveillance du Secteur Financier. It is targeted at professional, institutional and other well-informed investors across Europe and the Middle East.
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