Saudi Gazette - NCB Capital launches Shariah-compliant fund:
"NCB Capital, the GCC’s leading wealth manager and the Kingdom of Saudi Arabia’s largest asset manager, has launched AlAhli Global Growth and Income Fund, a new Shariah-compliant open-ended equity fund investing in shares of companies around the world with a solid track record of dividend distribution.
Denominated in US dollars, the fund helps investors to achieve long term financial goals by providing twice yearly income distribution and capital growth potential through investing in equities of dividend-paying companies listed in developed and emerging markets around the world.
“At NCB Capital, we believe that dividend-paying stocks play an increasingly important role in an investment portfolio, as dividends can provide a significant percentage of total return over time” said Tariq Linjawi, Head of Wealth Management at NCB Capital. "
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