Osool & Bakheet Investment Co. (OBIC) launched the first trading equity fund on Saudi Arabia’s Nomu Parallel Market, Ragheb Al-Othmani, head of asset management at the investment firm told Argaam.
The open-end fund will focus on medium and long-term investments in companies over six-month to two-year periods.
The Osool & Bakheet Parallel Market Trading Equity Fund is also targeting stocks of small and medium cap companies on the Saudi Stock Exchange (Tadawul) with market capitalization of SAR 15 billion maximum.
Al-Othmani added that the fund will focus mainly on high-growth companies with strong valuations.
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