Saudi’s NCB plans Islamic equity and sukuk funds
Saudi Arabian NCB Capital is about to launch a range of Irish-domiciled Islamic mutual funds. This way the company is broadening its investor base and tries to appeal to emerging market investors. The company manages US$12.1bn worth of assets. It has launched two funds investing in Saudi Arabian and GCC equities. NCB's plans include the launch of other funds including one that will invest in sukuk.