Sambacapital, the investment unit of Samba Financial Group, has unveiled a new Shariah-compliant investment fund, Arab News reports. The Al Ataa Saudi Equities Fund will offer a dividend of about 5% each year.
The vehicle will only invest in fundamentally strong Shariah compliant Saudi listed companies. The fund will target all groups and segments, including individuals, institutions, companies and government bodies.
Click here for the story from Arab News.