By Andrei Skvarsky.
Sedco Capital, a Saudi Arabian asset manager, has launched a one-stop shop platform in Luxembourg for institutional investments compliant with Shariah {{{*}}}, the Islamic moral code and religious law.
The Sedco Capital Global Funds platform offers access to seven investment funds with total assets under management exceeding $1bn.
The funds accessible through the platform are planned to grow in number to more than 15 by the end of 2013 and manage a total of over $1.6bn by then, Sedco, which is a Shariah-compliant investment specialist, said in a statement.
The funds are open to high net worth individuals, family offices and qualified distributors.
“Institutional investors across MENA markets can now gain access to one of the world’s largest and most diverse ranges of bespoke Shariah compliant investment funds,” said Sedco chief executive Hasan Al Jabri (pictured).
Sedco has its headquarters in the Red Sea port of Jeddah.
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