Fund Details
The Fund is primarily designed to maximize capital growth through achieving positive returns, benchmarked by Osool & Bakheet Saudi IPO Index (calculated by S&P). The Fund mainly invests in initial public offerings of shares of Saudi joint companies during the first five years of trading Or the last 20 listed companies. In addition, the fund manager is allowed to invest maximum 50% of the fund assets in small and medium cap companies' stocks and maximum of 30% of the fund's net assets value in the Real estate investment funds and maximum of 30% of the fund's net assets value in companies that are listed in Saudi "Nomu - Parallel Market".
Unit price (As of 10 October 2024)
3.6416
Net Asset value
40,639,574
Base Currency
Saudi Riyal
Fund Category
Equity, Saudi - IPOs
Valuation Frequency
Daily
Subscription/Redemption Frequency
Daily
Benchmark
Osool & Bakheet Saudi IPO Index
Minimum Subscription
SAR 10,000
Minimum Additional Sub./Redemption
SAR 10,000
Management Fees
2.0% p.a.
Other Fees
0.5% Annual Custody Fees and 1.75% Early Redemption Fees
