Arab Bank MENA
The Arab Bank MENA Fund (the "Fund") is an open-ended Fund sponsored by the Arab Bank MENA Fund Company B.S.C. (Closed), an investment company incorporated in Bahrain. The Fund offers investors an unparalleled opportunity to invest in the capital markets of the Middle East and North Africa (MENA). The Fund, which is USD dollar-based, intends to raise USD 100 million, of which the Arab Bank Plc will commit USD 5 million during the Offer period, in the form of 500,000 units at the initial price of USD 10 per unit.
The Fund seeks to invest primarily in equities and, to a lesser extent, bonds. In pursuit of long-term positive performance, the Fund manager aims to preserve capital during periods of market downturns and maximize capital growth during periods of market booms. The Fund is also expected to distribute dividends on an annual basis to provide investors with an income stream. The Fund does not guarantee capital or returns. The manager is, however, targeting a total return over a complete market cycle in the range of 10% - 15% per annum.
Manager: Atlas Investment Group
Sector: MENA Equities
Inception: September 1, 2005