JEDDAH, 8 September 2005 — The executive manager of Al-Rajhi Banking & Investment Corp., Abdullah Al-Rajhi, announced that the company had launched two new investment funds, Al-Eqtisadiah newspaper reported. The first investment fund will invest in Gulf stock market and it will be effective as of next week. The second is the Al-Rajhi real estate fund, a closed fund that cooperates with a real estate developer to invest in real estate.