VOL. XLV

No 27

8-July-2002

SAUDI ARABIA

Positive Return SeenFor Saudi Riyal Mutual Funds

While international stocks and bonds continued to reportnegative returns in the first quarter of this year in line with the globaleconomic slowdown, local stocks and cash funds have shown positive returns,according to Saudi Arabias National Commercial Bank (NCB).The top-performing Saudi Riyal denominated fund was the SABB Saudi Equity Fund1, which registered year-on-year growth of 44.1%, followed by SAMBAs...