Dubai
Dalma Capital said on Tuesday it has launched Quencia Saudi Equity Open Ended PC, the first DIFC domiciled fund focused on investing in the Saudi stock exchange, Tadawul.
The fund is the initial protected cell to be launched under the umbrella of Quencia Open Ended PCC Ltd, a qualified investor fund (QIF) structured as a company limited by shares and registered as a protected cell company in the DIFC.
The fund is a fundamentally driven, long-only Saudi equity fund and aims to generate medium to long term capital appreciation and to maximise total return relative to the TASI index. It is managed by a team with more than 25 years of collective Saudi market experience led by Majed Kabbara, a portfolio manager with a top-decile track record over a period of more than 5 years.
