(MENAFN -Arab News) To benefit from the good investment opportunities prevailing in the Saudi equity market, and to combine good growth potential and dividend, Saudi Fransi Capital (SFC) has launched Saudi Fransi Equity Income Fund. The fund seeks to gain dividend no less than 5 percent annually distributed twice a year. Investment opportunities in the Saudi financial market is considered good due to the low P/E ratio compared to the historical average, as well as market dividends relatively higher returns reaching 3.6 percent during 2013.
SFC won a number of distinguished awards marking the good performance of its investment funds.
Saudi Fransi Capital CEO Yasir bin Othman Al-Rumayyan said: “We are pleased to launch the Saudi Fransi Equity Income Fund, that aims to achieve an annual dividend yield at no less than 5 percent, which makes a valuable addition to our investment funds. We are looking forward to satisfy our customers who are looking for annual cash returns.”