26.02.2009 - Rasmala to launch two funds
From Tradearabia.com: Rasmala Investments Saudi has received approval from Saudi Arabia's Capital Market Authority to launch two Saudi equity funds. One of the funds will be managed according to the Shari’a guidelines approved by the fund’s Shari’a committee and the other will be a conventional fund, said a statement. The funds will be open-ended and they hope to raise about $100 million each initially..... Full Article: Source
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