BLOMINVEST expanded its partnership in sponsoring and/or investing in technology startup MEVP-IMPACT and BERYTEC Venture Capital Funds in relation to BDL Circular 331 that promotes sustainable tech startup initiatives.
Building on the success of our Saudi and MENA funds, we launched in August of 2014 the Al Mazaya Saudi Arabia Fund which is an open-ended investment fund that will invest in securities selected from the S&P Saudi Arabia Domestic Shariah Index. The fund is open to Saudi and foreign investors and started with USD 20 million.
In August of 2014, BLOMINVEST Bank launched the BLOM Global Brands Certificate which comprises of large market capitalization equity portfolio, invested in 32 leading international companies, combining superior return and growth opportunities and linked to the growing consumption of global brands in emerging markets.
The Asset Management Business introduced in June of 2014 the BLOM EURO Money Market Fund based on the successes of the earlier LBP and US$ classes.