Taher Mohammed Al-Dabbagh, CEO of SHC, disclosed that the new investment funds, to be denominated in US dollars, would be invested in global equity, global emerging markets and global property sectors.
“These investments represent an attempt to maximize total return to investors at current growth rates achieved by economies of these markets,” he said.
Al-Dabbagh noted that the new funds, the Global Equity Fund and Emerging Markets Equity Fund, would be invested in equity-based Exchange Traded Funds (ETF) and short-term money instruments, and the Global Property Fund as well as in ETFs that consist of shares of companies specialized in real estate and related sectors.
Al-Dabbagh also disclosed plans to introduce two Islamic Shariah-compliant alternatives — Al-Yusr Global Equity Fund and Al-Yusr Emerging Markets Equity Fund. The scope of the two funds covers ETFs traded in equities on global markets.
Al-Dabbagh added that offering innovative investment products to investors wishing to invest for the long-term is based on the strategy of Saudi Hollandi Capital, which seeks to exploit the opportunities in local, regional and global markets to meet the expectations of its customers.
“Today, the investment funds are considered of the most acceptable options to investors and businesses. It is expected that these funds will be greatly accepted by the various segments of investors in the Saudi market,” he said.
SHC’s investment funds are among the leading funds that generate the highest returns across the various asset classes, the CEO said.
“The local equity funds of the company have topped the performance list of investment funds for 2009 as listed in the Tadawul in terms of realized returns,” he said.
