With this agreement, Derayah will distribute the investment funds of the Saudi Hollandi Capital to individual investors through its website http://derayah.com. This site is the first and largest unified market for Shariah-compliant mutual funds in the Middle East with various investment products from many investment companies.

The deal with Saudi Hollandi is the ninth agreement that Derayah has signed with Saudi banks and investment companies. This agreement also increases the number of mutual funds available through Derayah's website to more than 85 funds with total asset value of over SR40 billion.

In a statement made on this occasion, Tahir Al-Dabbagh, chief executive officer of Saudi Hollandi Capital, said: "We are both happy and optimistic about this new partnership with Derayah because it allows us to open new distribution channels for our investment products, and it gives us an opportunity to reach a greater number of individual investors through Derayah's website."

Mohammed El-Kuwaiz, Derayah's managing director, noted that individual investors would be able to deal in more than 85 mutual funds from different banks and investment companies. He said investors have in the past faced great difficulty in getting information about different funds.