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Al Fareed Fund from SambaCapital Ranked First As Best Performance in 2007

Mr. Eisa M. Al Eisa, Chairman of SambaCapital, A Samba's subsidiary, announced the distribution of dividends for investors in Al Fareed growth and income Fund for 2007 at 6% of the unit price according to the evaluation announced on 26 December 2007. "This is an assertion of the distinguished performance and growing returns of the Fund" Al Eisa said, and recalled that Al Fareed fund had distributed profits for the first halves of 2004 and 2005. Al Fareed 2007 profits before distribution hit 69.19%, which is the highest performance among all local conventional funds, which qualifies Al Fareed to be ranked as best performance of conventional funds in 2007.

"SambaCapital's investment funds are so attractive to investors who trust them thanks to their established track record in the industry, as reflected in SambaCapital's local share funds, which always outweigh the performance benchmarks. The differentiation and uniqueness of Al Fareed Fund in comparison with other banks' funds is stemmed from its policy to distribute annual profits

contrary to other banks' funds, as well as its distributed significant annual profits and its distinctive features that enable it achieve strong returns as evident in the profits distributed since inception in 2003, totalling to 251.48%, which signifies SambaCapital's prominence in local share investments. Samba was the first local bank to establish a fund of local shares, i.e., Al Musahem and Al Seif funds that invest in conventional local shares and Al Raed Fund that invests in equities of Shariah-Compliant companies" says Al Eisa.. contrary to other banks' funds, as well as its distributed significant annual profits and its distinctive features that enable it achieve strong returns as evident in the profits distributed since inception in 2003, totalling to 251.48%, which signifies SambaCapital's prominence in local share investments. Samba was the first local bank to establish a fund of local shares, i.e., Al Musahem and Al Seif funds that invest in conventional local shares and Al Raed Fund that invests in equities of Shariah-Compliant companies" says Al Eisa.

It is worth mentioning that Samba launched Al Fareed Fund toward the end of 2003 as an open-end investment fund denominated in Saudi Riyal to trade in shares of all Saudi listed banks and companies. It is the only fund in the Kingdom that distributes semi-annual dividends to investors. Its investments are focused only on Saudi stocks. It gives its unit holders the option to reinvest the profits in the fund or be directly credited to their current accounts.