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FINANCIAL NEWS
Oman’s United Securities to set up new Gulf fund
06 Apr 2011
(MENAFN) The Omani brokerage and advisory firm, United Securities, stated that it would launch a new equity fund to tap investment opportunities in the Gulf area, reported Reuters.
The fund would invest money in all Gulf equity markets and would start with an IPO that has a minimum subscription of 3,000 units, priced at USD2.65 per unit.
More than one firm had recently set up equity funds in the Gulf Arab region as they look for new opportunities in the next big emerging market.
It is worth noting that asset management industry in the Gulf was hit strongly by the global financial crisis back in 2009 which led to a sharp drop in fund values.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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