First Saudi Arabian investment fund

Article Abstract:

The Saudi American Bank (SAMBA) introduced the country's first equity fund called the Saudi Arabia Investment Fund Ltd. (SAIF). The move is aimed towards enhancing the entry of foreign portfolio investors in Saudi Arabian equity securities. The entry of several portfolio investments in Saudi Arabia is also expected to boost the long-term capital appreciation of the country. The new equity fund will have SAMBA as its investment manager and local agent while Baring Brothers Limited of London and ING Baring Securities Ltd. will act as sponsor and international placing agent, respectively.

Commercial Banks, Investment Banking and Securities Dealing, Investment Offices, Investment Companies, Open-End Investment Funds, Portfolio & Funds Management, Banking industry, Management, Portfolio management, Saudi American Bank, Saudi Arabia Investment Fund Ltd.

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Saudi oil policy: internal, regional and global pressures

Article Abstract:

Saudi Arabia's King Fahd has traditionally favored high volume oil production over high prices per barrel as a policy to foster good will with the industrial countries. Faced with rising fundamentalism, economic stagnation and limited financial reserves, Fahd must balance Saudi Arabia's role as OPEC's lead producer with the need to increase revenue-per-barrel. Saudi Arabia has reduced production from 8.5 to 8 million barrels per day, with further reductions likely to follow should world economic conditions improve.

Author: Abir, Mordechai
Social aspects, United States, Supply and demand, Organization of the Petroleum Exporting Countries, Political aspects, International relations, Petroleum, United States foreign relations, Islamic fundamentalism, Saudi Arabian foreign relations

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA



Subjects list: Saudi Arabia
This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.