yadh, Kingdom of Saudi Arabia, February 25, 2009: Rasmala Investments Saudi Rasmala Investments Saudi announced yesterday that it has received the approval from the Capital Market Authority Capital Market Authority to launch two Saudi Equity funds. One of the funds 'Rasmala Saudi Equity Fund' will be managed according to the Shari'a guidelines approved by the fund's Shari'a Committee Jadwa and the other will be a conventional fund. Hamad Al Huthaili, Managing Director of Rasmala Investments Saudi Rasmala Investments Saudi stated "Both funds will be suitable for investors who seek capital appreciation over the medium to long-term and will focus on adding value through a robust stock selection process relying primarily on the fundamental analysis skills of Rasmala Rasmala 's asset management team. Rasmala Rasmala pioneered the fund-of-funds model in the MENA markets and the Company strives to provide high quality investment products to major segments of Saudi investors". Muhammad Shabbir, Head of Asset Management and CIO, said "the funds will invest in companies and industries that are poised to benefit from continuing opportunities in the Saudi economy. We believe the steep correction the market has witnessed since late last year has created many valuable opportunities, particularly for investors who view the prospects and strength of the Saudi economy favorably". -Ends- About Rasmala Investments Saudi Rasmala Investments Saudi : Rasmala Investments Saudi Rasmala Investments Saudi , a Saudi Closed Joint Stock Company regulated by the Capital Market Authority Capital Market Authority , is an affiliate of Rasmala Rasmala Investments Limited headquartered in Dubai-UAE. The company intends to offer a wide range of investment products in the Saudi market covering Asset Management, Brokerage, Corporate Finance and Private Banking. The company is headquartered in Riyadh with a regional office in Jeddah. For Media enquiries: Akram Al Abbasi Rasmala Investments Saudi Rasmala Investments Saudi Tel: + 966 1 211 0034 Zeina Abdalla, Hill and Knowlton Account Executive zeina.abdalla@hillandknowlton.com Tel: +971 50 768 7970 © Press Release 2009 omar 1.1:zy
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