The fund started investing in the Saudi market on 12 December 1992 with an inception price of SAR 10. The Saudi Basic Industrial and Saudi Telecom Companies are proxies to the market, has the largest fund weighting. The fund is well diversified as it invests in the various Saudi sectors as illustrated in the pie chart below.
The Saudi Equity Fund aims to achieve long-term equity linked growth by investing in the Saudi stock market. The fund invests in the shares of Saudi publicly quoted companies and Money Market Instruments.
|
Fund type |
Open ended |
|
Base currency of the fund |
Saudi Riyal |
|
Minimum initial subscription |
SAR 7,500 |
|
Minimum additional subscription |
SAR 3,750 |
|
Regular monthly subscription |
SAR 1,000 |
|
Valuation |
Saturday & Tuesday |
|
Cut off time |
12 noon Sunday & Wednesday |
|
Redemption payout |
2 days after valuation day |
|
Unit price at inception |
SAR 10 |
|
Launch date |
12 December 1992 |
Click to view Saudi Equity Fund Terms & Conditions
