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NCB claims fund access

by ArabianBusiness.com staff writer  on Thursday, 31 August 2006

National Commercial Bank (NCB) is trumpeting the success of its Saudi Trading Equity Fund. According to NCB, Standard & Poor’s Fund Services rated it the top performing equity fund across the globe during June 2006. “During the month of June the Saudi Trading Equity Fund achieved a net profit of 27.4% and since inception an outstanding 1020.6%, with its assets reaching SR 6.364 billion at the end of June this year,” said Sami Abdo, head of NCB Investment Services. “NCB was the first bank in the Kingdom of Saudi Arabia to introduce mutual funds to the market in 1979. This has ensured that our business is able to offer our customers the best-inclass investment products and services currently available in the region.”



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