S&P assigns A rating to SAIB GCC Equity Fund
The SAIB Gulf Cooperation Council (GCC) Equity Fund has been assigned an A fund management rating by Standard & Poor's (S&P's) Fund Services.
It is the first GCC equities fund dealt with out of Saudi Arabia to receive such a mark.
The group has witnessed measured growth after its joint venture with BNP Paribas in 2007 - helping raise its standards to international levels.
S&P Fund Services lead analyst Roberto Demartini noted: "The performance of the fund remains solid relative to both the benchmark and the sector median."
He added it also has witnessed less volatility, has solid overall structure and good resources.
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