Riyadh – Mubasher: Osool and Bakheet Parallel Market Equity Fund target investments at a value of SAR 100 million, the firm’s CEO told Al Arabiya.
Mazin Al Dawood added that the firm is focusing on investing in companies having higher growth opportunities.
Osool and Bakheet launched the first investment fund mainly invests in companies that are listed in Saudi Parallel Market – Nomu, to be the first window for ordinary traders to invest in the new market, even if they lack qualifications for direct trading in this market, according to Al Arabiya.
For the fund’s managers, the stable companied will be of high risk and have no investment opportunity in Nomu, Al Dawood noted.
He added that a maximum of 50% of the fund's net assets value would be invested in small and medium companies' shares in main market.
The CEO noted that the firm does not wait for a quick yield but a medium- to long-term one.
