Doha Bank launches Initial Offering for Al Hayer GCC & MENA Fund

Doha Bank, the leading private commercial bank in Qatar, has launched ‘Al Hayer GCC & MENA Fund’ for Qatari Individuals, Corporates and Institutions. It is an open-ended fund that seeks  medium to long term capital appreciation by investing in a portfolio of companies listed on major stock markets across the Middle East region.

The Fund aims to consistently outperform markets in a disciplined and risk-controlled manner and will invest for medium to long-term performance in carefully selected companies that demonstrate strong business models, sound management, and good earnings growth with attractive valuations.

Al Hayer Fund offers shareholders the flexibility of the sums they would like to subscribe to. The initial offer period for Al Hayer Fund is open until July 11, 2013.

Doha Bank Group CEO, Dr. R. Seetharaman said: “Al Hayer GCC and MENA Fund is designed to invest in blue-chip high performing equities in the region to reflect the positive growth seen in the overall market recently. While most funds available in Qatar invest in Qatar-based equities, Al Hayer Fund is unique in that it invests in the GCC and MENA markets and aims to deliver above average returns with below average risk through investing in a diversified and carefully selected portfolio of companies across major market sectors.”

Al Hayer Fund is an open-ended fund which opens up exciting investment opportunities to benefit from the potential growth across the GCC and MENA region. Doha Bank is the sponsor of the Al Hayer Fund which will be managed by ING Investment Management (Middle East) Limited.

 Al Hayer Fund offers investors diversification benefits covering multiple countries and sectors, coupled with ease of investment through a simple application and subscription process, followed by monthly Net Asset Value (NAV) updates for all investors to help them keep track of fund performance during the investment period.

The combined local presence and regional expertise of Doha Bank adds significant value to this process as regional capital markets are less mature than counterparts in the West and the region’s companies are inadequately covered by analysts.