18.11.2009 - Shuaa gets Saudi CMA approval for 3 funds
From Tradearabia.com: Saudi Arabia’s Capital Market Authority (CMA) has licensed three Shuaa funds in the Saudi market; the SCSA Morabaha Fund; SCSA Saudi Gateway Fund; and SCSA Saudi Islamic Gateway Fund. The three funds will take a conservative approach to investment and will focus on listed Shariah compliant and conventional Saudi stocks as well as IPOs............Full Article: Source