Jun 14 2012
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Al Arabi MENA200 Index is OAB's first in the region
Al Arabi MENA200 Index tracks highly liquid, well capitalised and profitable stocks, making the index the first of its kind in the region. It is the third index launched after Al Arabi Oman20 index and Al Arabi GCC50 index.
The index properties and characteristics serve investors as well as fund managers as an indicator for highly profitable and transparent companies. Therefore, the launch of Al Arabi MENA200 Index represents a quantum leap in performance measurement for rapidly growing markets of Saudi Arabia, Muscat, Dubai, Abu Dhabi, Qatar, Kuwait, Bahrain, Jordan, Palestine, Lebanon, Egypt, Tunisia and Morocco.
Al Arabi MENA200 Index is designed specifically to echo stock capital, liquidity and profitability in its performance.
This index tracks the movement of listed shares prices in an objective and systematic manner that relies on standardised financial basis, which gives it a great advantage. Analysts, portfolio managers and investment funds benefit from it during the distribution process of their portfolios or funds. It enables investors to measure performance with higher accuracy.
The index also helps them make their decisions on investment strategy.
Abdul Qader Askalan, chief executive of Oman Arab Bank , said "that 'Al Arabi MENA200 Index' fills a gap for those investors who seek a reliable index in measurement of highly liquid and profitable stocks performances within MENA region."
We are proud to be the first bank in the Sultanate such a distinctive last indices which we issued. We hope these tools would help investors and fund managers to better track the financial markets. Also in the coming periods clients can expect a number of new initiatives to be undertaken by Oman Arab Bank , stressing that this index and other products that the Bank seeks to develop is a continuation of the Bank's commitment to providing superior services that meet client's needs with continued focus on maintaining highest level of quality standards.
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