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Awaida: we have a plan to target foreign investment funds in 2009

2008-12-21

 The CEO of the PSE Mr.Ahamd Awaida said "the PSE has a plan to target foreign investment funds in cooperation with the HSBC bank, and it is expected to show results within the next year". Awaida who participated in London forum for businesses that had been held in the British capital last week added that " there are three funds that had attended the presentation we presented and we touched an interest from their side, and we"ll continue the meetings intensively separately". The session that was specialized for the financial sector in the forum had been attended by the PMA"s chief Dr.Jihad Alwazir, the CMA"s Chairman Mr.Maher Almasri, Bank of Palestine"s general manager Mr.Hashim Alshawa, Alquds bank"s general manager Mr.Azzam Alshawa, Mr.Samir Zreiq the general manager of Sahem trading and investment and Mr.tareq Alshak"a the general manager of Lotus investment which are the biggest brokerage companies in the PSE, in addition to European investments funds representatives such as Blakeney"s fund which owns investments in several listed companies in the PSE. Awaida said "participants responded to the presentation made by the PSE well, the process needs a follow up, and if we are to succeed we have to follow-up contacting with these funds directly and continuously and separately". And continued that "the investment decision especially in Palestine is not taken quickly and needs time". The volume of foreign investment in the PSE is about 135 million dollars, the majority refers to the Kuwaiti Global Investment House "Global" and the British fund "Blakeney".