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FINANCIAL NEWS
Saudi Alinma unveils new funds
21 Dec 2010
(MENAFN) Saud Al Ghoneim, acting Chief Executive Officer of Riyadh-based Alinma Investment, announced that it is set to launch official public operations with licenses to engage in all investment related activities including dealing, managing and arranging advisory and custody services, Arab News reported.
Alinma Investment would concentrate its activity, in its first stage of development, on the local market by offering brokerage, trading, fund investment, portfolio management, Sukuk issuance and consultation services to private and public institutions, explained Al Ghoneim.
According to Al Ghoneim, for its launch, Alinma Investment will offer partners two fund options; the Alinma Saudi Stock Fund and the Alinma Liquidity Fund (in Saudi Riyals), both of which are licensed by the Saudi Arabian Capital Market Authority (CMA).
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