04.04.2013 - Saudi's Sedco Capital plans Islamic equity, sukuk funds
Jeddah-based investment firm Sedco Capital aims to expand its range of Islamic funds to more than 15 by year-end, a sign of improving financial market sentiment and changing investor attitudes in Saudi Arabia. The plan adds momentum to the Gulf's Islamic funds industry, which has been hurt by the global financial crisis but is now attracting regional firms such as Qatar's QInvest, which aims to launch 30 funds. Sedco Capital, a fully owned subsidiary of Sedco Holding, intends to raise assets under management on its Luxembourg fund platform to US$1.6bn by year-end from US$1bn now, said CEO Hasan Aljabri...............................................Full Article: Source
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