2005 News Story

NCB inaugurates Shari’ah-compliant equity fund

The National Commercial Bank (NCB) yesterday inaugurated Al-Ahli Saudi Dynamic Trading Equity Fund, an open-ended fund that is compliant with Shari’ah [Islamic Law]. NCB now has 21 such investment funds, further enhancing its strong hold in the mutual funds sector. In 2004, its share of the market exceeded 41 percent of the total invested in the Kingdom.