Saudi's Itqan Capital to add brokerage, PE fund to services

April 27, 2015 2:08 AM

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April 27 (Reuters) - Saudi Arabia's Itqan Capital, an Islamic investment firm, plans to develop a sharia-compliant brokerage arm and is nearing the launch of a $200 million education private equity fund, its chief executive told Reuters.

Investment firms in the kingdom are poised to see an uptick in activity as the Saudi stock exchange, the Arab world's biggest, is set to open to direct investment by foreign institutions in June.

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