Rasmala investments Saudi launches Shariah compliant Saudi equity fund
Rasmala Investments Saudi announced today the launch of its Shariah 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 SR 50,000.
“We believe that the fundamentals of the Saudi economy will remain robust given the growth in spending by government entities. Further, the prospects for the Saudi financial market are attractive in the medium term and beyond.” said Hamad Al Huthaili, Managing Director of Rasmala Investments Saudi.
“The recent price adjustments in the Saudi Stock market have helped to create a valuable opportunity for long term investors” added Muhammad Shabbir, Head of Asset Management of Rasmala Investments Saudi.
- Rasmala Launches its Operations in Saudi Arabia and Appoints Hamad Al Huthaili as a General Manager
- NCB LAUNCHES ALAHLI GCC TRADING EQUITY FUND Shariah-compliant and Saudi Riyal-denominated fund
- Rasmala announces the listing of its MENA Equity Opportunity Fund on the Irish Stock Exchange
- Saudi Rasmala launches financial portal
- The iHilal Sharia Compliant Global Equity Fund offers exposure