CAAM Saudi Fransi Starts Management Services in Saudi |
|
Network this!
RIYADH, 28 January 2008 -- CAAM Saudi Fransi LLC (CSF)CAAM Saudi Fransi LLC (CSF)
has started in the Kingdom its activity in practice of asset management products and services, the company said yesterday. CSF is created in accordance with the Capital Market AuthorityCapital Market Authority requirement calling for the establishment of independent companies specializing in investment services.
CSF offers all asset management such as investment and other investment products, which were carried out by Banque Saudi FransiBanque Saudi Fransi.
Richard Lepere, chief executive officer of CSF, said Caam Saudi Fransi is a joint venture between BSFBSF and Credit Agricole Asset Management (CAAM), the 10th largest asset manager in Europe with 545 billion euros of clients' money under management as of March 2007. Operating out of 8 international investment centers and with a total staff in excess of 2,100, CAAM offers diversified services (mutual funds and discretionary mandates) to private investors, corporate and institutional clients in Europe, Asia, Australia, Canada and the Middle East.
CSF provides a comprehensive range of 18 mutual funds, both conventional and Shariah-compliant.
The company recently launched discretionary portfolio management services to broaden its services. "We cover most asset classes and will continue to launch new funds to bring the latest innovations to Saudi investors. Caam Saudi Fransi endeavors in seeking to achieve high performance of their investments and put high-quality services to their clients, armed with long experience in the Saudi market through Banque Saudi FransiBanque Saudi Fransi and specialized assets management." Lepere said.
BSFBSF announced a net profit of SR2.711 billion for the year 2007, with total operating income at SR3.701 million (SR3.939 million in 2006) and earning per share at SR4.82 (SR5.34 in 2006 taking into account the increase of BSFBSF shares from 337.5 millions to 562.5 millions processed in March 2007).
© Arab News 2008
Comment on this article 
Loading ...-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Loading ...
from issuers in both public and private sectors. It is not an e-tendering service and is entirely FREE.
As an Issuer, you can benefit from posting an unlimited number of Tender
Notices for FREE and reaching out to an online community of bidders.
The service also offers you a tool to track the interest of bidders to your
tenders 'live' online.
| Financial Services Tenders | Due Date |
Stories
Companies
| Company Name | Country | Industry |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Saudi Telecom | Saudi Arabia | Telecommunications Services |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Saudi Electricity Company | Saudi Arabia | Electric Utilities |
| Emirates Aluminium Company | UAE | Metal Production |
| Dodsal Engineering and Construction | UAE | Construction and Design |
| Roads and Transport Authority - Dubai | UAE | Regulatory and Administrative Bodies |
| Commercial International Bank (Egypt) | Egypt | Banking |
| Emirates Telecommunications Corporation | UAE | Telecommunications Services |
| Pepsi Cola International (Middle East) | Region-wide | Beverages |
Projects
| Project Name | Country | Sector |
| Takreer - Ruwais Refinery Expansion | UAE | Oil and Gas |
| Emirates Aluminium (EMAL) - Smelter Complex - Phase 1 | UAE | Industry |
| ENEC - Nuclear Power Plant | UAE | Power and Water |
| Abu Dhabi DOT - Abu Dhabi Metro | UAE | Infrastructure |
| Dubai RTA - Dubai Metro | UAE | Infrastructure |
| SATORP - Jubail Refinery and Petrochemical Complex | Saudi Arabia | Oil and Gas |
| Al Safwa - Jeddah Cement Plant | Saudi Arabia | Industry |
| Qatar Bahrain Causeway Foundation - Qatar Bahrain Causeway | Bahrain | Infrastructure |
| Qatar Bahrain Causeway Foundation - Qatar Bahrain Causeway | Qatar | Infrastructure |
| Al Futtaim Carillion - Marina Hotel (Yas Island) | UAE | Real Estate |
