Prudential and Bank AlJazira form Saudi fund JV
The JV has received regulatory approval. The two parties are also moving forward with a joint venture in Islamic insurance, known as a takaful.
Prudential Asset Management, the Asian arm of UK insurer Prudential Plc, and Bank AlJazira have received regulatory approval to set up a fund management joint venture in Saudi Arabia. The new company, Jedda-based Prudential Jazira Asset Management, has been authorised by Saudi ArabiaÆs Capital Market Authority to manage, advise and undertake custody services in the securities business. A spokesman for Prudential Asset Management could not immediately disclose the initial capital of th…
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
¬ Haymarket Media Limited. All rights reserved.