Saudi Arabia’s Sedco launches Luxembourg platform for Islam-compliant investments

Sedco Capital, the Saudi Arabia-based asset manager, has launched an investment platform of Sharia-compliant funds aimed at high net worth investors and institutional investors. The Sedco Capital Global Funds platform, a Luxembourg Sicav, currently has a choice of seven investment funds with total assets under management of more than $1bn. The plan is for the platform to include over 15 funds totalling more than $1.6bn by the end of 2013.