VOL. XXXIX

No. 4

23-October-1995

SAUDI ARABIA

NCB Launches Mutual Fund

National Commercial Bank (NCB), the largest bank in Saudi Arabia, has announced the launch of an open-ended mutual fund which will invest solely in Arab stock markets. NCB says the scheme, Arab-managed and targeting Arab equities, is the first of its type. The fund, to be called the NCB Arab Equity Fund, is open only to citizens of the Gulf Cooperation Council (GCC) and will invest in eight unspecified Arab...