Jun 11 2011 |
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Saudi Samba Unit Launches Subscription In Local-Equity Fund-Report
Saturday, Jun 11, 2011
BEIRUT (Zawya Dow Jones)--Saudi Arabia's Samba Capital and Investment Management Co., the investment arm of Samba Financial Group , has launched its Al Ataa Saudi Equity Fund, whose subscription will run until July 18, Saudi-based Al Riyadh daily reports Saturday.
The fund will invest in the shares of shariah-compliant companies that are listed on the Saudi bourse, the paper says.
Minimum subscription is set at 5,000 Saudi riyals ($1,333), Al Riyadh reports.
The fund aims to achieve asset growth on the medium term and long term, Eisa Al Eisa, Samba Capital 's chairman, said according to the daily.
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
11-06-11 0744GMT
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