Liechtenstein’s Liechtensteinische Landes Bank (LLB) says it is set to launch two investment funds in the Middle East geared toward investors in the region.
The two funds, which will be known as the Middle East Growth Sector Certificate (MEGSC) and the Middle East Pearl (MEP), have a goal of raising more than $2 billion in subscriptions upon their launch.
Mahmoud Suliman-Ray, LLB’s division director, the bank has long recognized the investment potential of the region, with oil investments becoming particularly attractive to global investors.
“This exciting story of economic growth is one reason for us to be here, as we have designed such investment products that can sweep the market,” says Suliman-Ray.
“The MEGSC and the MEP are the two innovative investment products, which have been designed for the Arab market.”