Electric Industries launches IPO investment portfolio

25/05/2015 Argaam

Electric Industries Co. announced in a bourse statement on Monday its plans to launch a portfolio that will in invest in initial public offerings (IPOs), with the aim of diversifying the company’s investments.

 

The portfolio, officially opened on May 21, is being managed by Saudi Fransi Capital.

 

The electric products manufacturer added that financial impact related to the launch will be reflected at the end of each quarter.

 

The statement did not reveal any details on the projected value of the portfolio or investor interest.

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