Syrian President al-Assad Issues Law on Establishing National Investment Fund
According to the Syrian Arab News Agency, “President Bashar al-Assad on Wednesday issued the law No. 2 for 2012 stipulating for establishing the National Investment Fund with the aim of contributing to supporting the stability and enhancing the confidence in the market through adopting a long-term investment policy .
The Fund also aims to achieve higher revenues and profits for the stockholders through diversifying the financial investments and providing the expertise and the suitable vocational consultation.
According to the law, the Fund will be established with a capital of SYP 2 billion.
Minister of Economy and Trade Mohammad Nidal al-Shaar said the Law will positively interfere in the financial market performance through establishing an investment sovereign fund to activate the act of the Securities’ Market.
In a statement to SANA, the Minister added that his ministry will form a board of directors for this fund that brings together those who are experts and qualified in this domain.”
Read more: SANA
Read more: Syrian Ministry of Economy and Trade
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