Mubasher: Emirates NBD Asset Management said Saudi equities are an area of strategic focus due to the significant growth potential, according to a statement.
The asset management arm of Emirates NBD already provides exposure to Saudi Arabia through its MENA Equity funds, and global expertise to the country’s market by virtue of its established track record of investing in that market.
Emirates NBD Asset Management is targeting medium to long-term capital growth in the Saudi market.
“The potential for investment in Saudi Arabia over the coming years is huge,” Yong Wei Lee, head of equities at Emirates NBD Asset management.
“An upgrade to the MSCI Emerging Market Index is a clear goal of the stock market regulator, which would instantly boost Saudi Arabia’s potential,” he added.
