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RIYADH, Jan 28: Saudi Arabia’s largest listed bank al-Rajhi will soon launch two equity investment funds for emerging markets, it said on Saturday. The two funds, one for India and China and the other for unspecified emerging markets, will be dollar-denominated and focus on long-term investment in firms that “post record economic growths”, the bank said.
It provided no further details on the amount of cash that will be injected into the funds. “We will launch next month subscriptions for the fund,” a bank spokesman said.—Reuters
