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QIB unveils QR2b funds

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DOHA — QIB announced the launch of two new investment funds under the name 'Al Sanabel A & B' (for Qatari and non-Qatari investors respectively) with a capital of QR2 billion after QCB gave its approval thereon.

Published: Tue 30 Oct 2007, 8:56 AM

Updated: Sat 4 Apr 2015, 11:30 PM

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  • A Staff Reporter

The two funds, proposed for trading in Shariah-compliant Qatari stocks and supervised by QIB Shariah supervisory board, will offer opportunities to investors to take part in the growth in the Qatari capital market.

The funds will be managed with a view to generate returns exceeding the market index, subject to Qatar Central Bank rules regulating joint investment funds. The funds will invest in assorted listed stocks of companies undertaking authorised activities.



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