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.
Subscription is open to individual investors whether they are Saudi nationals or residents as well as private and public sector companies, institutions, and bodies, it adds.
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.
Newspaper website: http://www.alriyadh.com/2011/06/11/article640641.html
-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
