SAUDI ARABIA: HSBC Saudi Arabia has launched the HSBC Amanah GCC Equity Income Fund, an open-ended, Islamic funds investing in Shariah compliant equities listed on stock markets in the GCC.
According to Osamah Shaker, the managing director and head of financial markets at HSBC Saudi Arabia, the fund will invest in fundamentally sound GCC-listed companies which offer regular dividends with the potential of further dividend growth over the long-term.