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Dubai, May 8, 2005 (WAM)
Dalma Capital has announced the launch of the Kuwait Equity Fund, the first fund in the Dubai International Financial Center (DIFC) to focus on investing in Tadawul with an initial capital of SR 100 million.
This open-ended investment fund is the first protected cell under the umbrella of QuanCia Open Endad BCC Limited, an open fund for qualified investors organized as a limited-listed Protected Cell Company and registered with the leading DIFC in the Middle East, Africa and South Asia .
The Kuwait Equity Fund, which is available to qualified customers, focuses exclusively on Saudi Arabia’s strong fundamentals as well as maximizing the overall return on investors compared to the benchmark TASI.
“We are delighted to launch the first Saudi Equity Fund at the DIFC at this time,” said Majid Kabbara, Managing Director of Asset Management at Delma Capital. “Saudi Arabia is undergoing major economic and social changes and its market is being upgraded to emerging markets by the most important Global indicators “.
“We have every opportunity to take advantage of this exceptional opportunity offered by one of the largest remaining markets outside the emerging markets, leading to foreign inflows in the Saudi market with a value of up to $ 50 billion,” said Zakari Sivarati, CEO of Delma Capital.
Salman Jafari, Chief Business Development Officer, DIFC, said: “The launch of this new investment fund reflects the strong confidence of the DIFC as the regional headquarters for many companies such as Dalma Capital and provides investors with a unique opportunity to invest in the Kingdom. Saudi
