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bank muscat Oryx Fund to include investments in MENA region listed companies

August 4, 2014



bank muscat Oryx Fund, managed by the Asset Management division of bank muscat, has decided to widen the objective of the Fund to invest in companies listed the MENA Region,  whereas in the past investment was limited to the GCC countries only.

The decision was taken at the extraordinary general meeting (EGM) of the unit holders of the bank muscat Oryx Fund held on 15th July, 2014.

Saif Ali Sheikhan Al Amri, Chairman of the bank muscat Oryx fund, said: "The bank muscat Oryx fund is an award winning investment vehicle whose investments were exclusively focused in securities listed on the GCC markets. By expanding the investments to the MENA region, the Fund will be able to generate better returns for investors.  The bank muscat Oryx Fund generated a return of 47.9 per cent in 2013 and 31 per cent as of July 15th, 2014."


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Source: CPI Financial


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