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Article: SAUDI ARABIA: NCB TO LAUNCH NEW ISLAMIC INVESTMENT FUNDS.(National Commercial Bank of Saudi Arabia)(Brief Article)
- Article from:
- IPR Strategic Business Information Database
- Article date:
- January 26, 2003
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According to Al-Hayat newspaper (January 22, 2003), the National Commercial Bank of Saudi Arabia, one of the largest banks in the Arab World, plans to launch a number of new Islamic property investment funds in the near future. The NCB is intending to compete with major regional and global banks in terms of property and real estate investment funds. The bank is considering listing its Islamic investment funds on major Arab stock exchanges, particularly Dubai and Bahrain. The National Commercial Bank (NCB) became a Joint Stock Company on July 1, 1997. Since that groundbreaking ...