DOHA: Al Rayan Investment LLC, a wholly-owned subsidiary of Masraf Al Rayan (MAR) is to launch three funds focusing on both equities and debts soon, Al Rayan Investment Director for Institutional Sales and Business Development, Abdulaziz Al Muftah told reporters here yesterday.

“We are working on structuring these funds and we will declare those very soon, perhaps within two months,” Al Muftah said, but would not disclose the size as they are still in an early stage of structuring.

“There will be an equity portion and a debt portion,” he said adding that the funds will be geographically oriented as criteria to segregate the different funds given their legal complexity since each country has its own taxation regime, rules and regulations.

The funds will target markets in Qatar and beyond. “We are looking at the GCC as well as Libya, Malaysia, Indonesia and Singapore,” Al Muftah said. “The Al Rayan Investment strategy is to invest in Qatar, the GCC and South East Asia as well as Libya.”

He added that within two to three months Al Rayan Investment will launch a road show to market the funds. “We have appointed so far all the required advisors and we are working on structuring of the funds and I hope that within two to three months, we will be going to the road show and advertising the funds,” he said.

Early this year, Masraf Al Rayan launched a $1bn GCC Fund, which were to be invested in Gulf listed equities as well as fixed-income and money-market instruments. Masraf Al Rayan had appointed Al Rayan Investment as fund manager of the ‘Al Rayan GCC Fund’ with a mandate to manage up to $1.1bn.[Read More]