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Global Investment lists six funds on Bharain bourse

The Bahrain Stock Exchange has approved the listing of six funds from Global Investment House, the company said in a statement on Saturday.

  • Staff Report
  • Published: 23:24 July 26, 2008
  • Gulf News

Dubai: The Bahrain Stock Exchange has approved the listing of six funds from Global Investment House, the company said in a statement on Saturday.

The approval for listing was signed by Fouad Rashid, director of Bahrain Stock Exchange and Omar Al Quqa, executive vice-president at Global Investment House.

"Such listing assures the importance of the Bahrain Stock Exchange as a regional centre for the listing of mutual funds, which reflects the significance of mutual funds as one of the most appealing alternative investments for the investors, taking into consideration the variety of opportunities mutual funds provide to investors," said Rashid.

"Listing a variety of Global Investment House's mutual funds assures the development of the investment environment at Bahrain Stock Exchange in a way that attracts the listing of mutual funds at the exchange," he added.

"We are looking forward to issue more mutual funds in order to implement Global's Investment House's plans that aim to offer a variety of investment options for investors and achieve high returns to shareholders of the company," said Al Quqa.

With the listing of Global Investment House's funds, the number of mutual funds listed on the exchange reached a total of 42 funds.

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