Doha Bank launches open-ended fund
Al Hayer GCC & MENA Fund to invest in listed companies in Middle East
Dubai: Doha Bank has launched Al Hayer GCC & MENA Fund for Qatari Individuals, corporates and institutions. The open-ended fund seeks medium to long-term capital appreciation by investing in a portfolio of companies listed on major stock markets across the Middle East.
The fund aims to consistently outperform markets in a disciplined and risk-controlled manner and will invest in carefully selected companies that demonstrate strong business models, sound management and good earnings growth with attractive valuations.
Al Hayer Fund offers shareholders the flexibility of the sums they would like to subscribe to. The initial offer period for the fund is open till July 11. (Staff Report)
