Saudi Arabia-based FALCOM Financial Services has entered into a strategic partnership with SEDCO Capital in Riyadh.
Under the partnership, SEDCO Capital will manage the investment portfolio of FALCOM Arab Markets registered at the Capital Market Authority.
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The agreement will enable SEDCO Capital to build on its expertise in fund management and team’s capabilities in Arab and Gulf markets’ shares management.
The FALCOM Arab Markets Fund will be managed by Yazan Abdeen, fund manager at SEDCO Capital. It is an open public fund that invests in Sharia compliant listed equities in Arab Markets with special focus on Gulf Cooperation Council countries.
The investment objective of the fund is long term capital appreciation and growth of invested capital.
Adib bin Abdulrahman Al-Suwailem, ceo of FALCOM, said: "We look forward to SEDCO’s management of our Arab markets Fund investment portfolio. We believe that closer cooperation between companies and Islamic investment funds creates high income generating funds and long-term growth of capital funds, especially when run by the best, highly experienced managers and professionals."
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