tailieunhanh - Rasmala Investment Bank Ltd. Rasmala Palestine Equity Fund

The Board of Directors will recall that the Government, with the support of the International Community, had requested the African Development Bank to play a lead role in assisting and supporting Zimbabwe’s economic recovery. The Bank has supported Zimbabwe over the past two years in line with the recommendations made in the Country Brief that was approved by the Board of Directors in 2010 (ADB/BD/WP/2010/Approval). The support comprised mainly technical assistance and institutional capacity building using grant resources from Pillar III of the Fragile States Facility (FSF) (see Annex 1 for the detailed programs financed). The assistance was largely aimed. | Rasmala Investment Bank Ltd. Rasmala Palestine Equity Fund October 2012 Contents Executive Summary 03 Vision of the Rasmala Palestine Equity Fund 04 Rasmala - The Manager 05 The Palestine Investment Fund - The Anchor Investor 07 Palestine 08 Investment Process 16 The Fund 19 Appendix 22 men October 2012 2 Executive Summary The Fund The Rasmala Palestine Equity Fund is the first Palestinian fund established as a Special Investment Fund SIF and regulated by the Commission de Surveillance du Secteur Financier CSSF in Luxembourg dedicated to investing in stocks listed on the Palestine Stock Exchange in securities anticipated to undergo initial public offerings as well as securities at their initial public offering. The Manager Rasmala one of the leading regional asset management groups in the MENA region with a track record of outstanding performance. The Anchor Investor Rasmala is collaborating with the Palestine Investment Fund PIF . PIF or one of its subsidiaries or affiliates is the anchor investor to this fund. The Opportunity The fund represents one of the region s most compelling investment propositions giving investors the opportunity to invest in a growing market where companies have low valuations and offer high dividend yields. The economy in Palestine is witnessing significant growth. GDP growth in 2011 was around and the inflation rate is came around . The fund gives investors the chance to invest in a frontier market that has a high growth potential as well as access to all stocks and companies anticipated to undergo an IPO on the Palestinian Stock Exchange. Source IMF PIF website and Zawya October 2012