Dr. Hala Al-Saeed, Minister of Planning and Economic Development and Chairman of the Board of Directors of the National Investment Bank announced the opening of the “NI Capital” Holding Company, the investment arm of the National Investment Bank, to subscribe to its first cash fund “liquidity” in the amount of 10 pounds, the nominal value of the document with a minimum of 1000 pounds for purchase. Without a maximum limit, it is expected that the subscription period will end after two weeks from today, which is the minimum legal period for receiving subscriptions, due to the large number of institutions investing in this type of funds.
Al-Saeed added in a statement today that the target volume of the “liquidity” fund is from 50 to 100 million pounds, to be invested in liquid and short-term financial instruments such as bonds, treasury bills, bank deposits, financing instruments, savings certificates and other investment fund documents. Liquidity is the first monetary fund to invest its money in movable values, taking advantage of the recent legislative amendments of investment funds.
It is worth noting that the “liquidity” cash fund is the first fund established by investment managers, and it has a cumulative daily return commensurate with the degree of low risks associated with the instruments invested in it while maintaining a high degree of liquidity that allows the investor to buy and recover daily.
Individual and institutional clients can purchase documents electronically through the “Arabiya Online” company owned by “NI Capital” in addition to the “Mubasher” company, while “NI Capital” will promote the fund on the side of large institutions.
The article: Planning: Opening the door for subscription to “Liquidity” cash fund, it was written in Al-Borsa newspaper.