The Industrial Sector is the proxy to the market and comprised of more than 40% of the Tadawul All Share Index “TASI”. The Industrial sector provides investors an exposure to the Saudi economy, which is largely driven by petrochemical industry. The positive outlook of oil is expected to continue and hence could provide an attractive opportunity to participate in promising Industrial sector.
The Saudi Industrial Sector witnessed substantial growth in the last years driven by the continuous Government support, which had positive impact on the Saudi Stock Market. The number of companies representing the industrial sector increased to 26 by the end of 2004 with a market cap of more than SAR 555 Billion.
The Saudi Industrial Sector is now the largest among the Saudi sectors in terms of Market Cap representing more than 40% of total market with an increase of more than 16% from Dec 31,2002.
The Amanah Saudi Industrial Sector Fund aims to provide long-term capital growth through the investment in proxy sector to the market. The Fund will invest in equities that conform to Shariah Guidelines as set by our Shariah Supervisory Committee.
|
Fund Manager |
SABB's Asset Management |
|
Type |
Open-ended |
|
Currency |
SAR |
|
Minimum Investment |
SAR 100,000 |
|
Valuation day |
Saturday /Tuesday |
|
Management Fee |
1.5% per annum |
|
Launch Price |
SAR10 |
The Amanah Saudi Industrial Companies Fund will exclude companies with the following characteristics:
The Fund is approved by our Shariah Supervisor Committee, which is comprised of the following respected scholars:
للمزيد من المعلومات يرجى الاتصال بمركز خدمة العملاء على الهاتف المجاني رقم 5557 124 800
