SABB Amanah GCC Equity Fund is a Shariah-compliant, actively managed, open-ended equity investment fund sponsored by SABB. The Fund will seek long-term returns from capital growth through investment in Shariah-compliant equities listed on the Saudi Stock Exchange and shares available to foreign investors on the UAE, Kuwait, Qatar, Oman and Bahrain stock exchanges.
SABB Amanah GCC Equity Fund strives to provide medium to long-term capital growth through the investment in GCC equity markets that include Saudi Arabia, UAE, Kuwait, Qatar, Oman and Bahrain. The Fund will invest in equities that conform to Shariah Guidelines as set by the Shariah Supervisory Committee of SABB.
Saudi being the largest in the GCC market comprises almost 63% of the total regional allocation.
|
Fund Manager |
SABB Asset Management |
|
Type |
Open-ended |
|
Currency |
SAR |
|
Minimum Subscription |
SAR 7,500 |
|
Valuation day |
Saturday |
|
Subscription Fee |
3.00% |
|
Management Fee |
2.00% per annum |
|
Launch Price |
SAR10 |
