The fund started investing in the Saudi market on 01 November 1997 with an inceptionprice of SAR 10. The Saudi Basic Industrial and Saudi Telecom Companies, whichare proxies to the market, have the largest fund weighting. The fund is well diversifiedas it invests in the various Saudi sectors (excluding banks).
The Saudi Equity Trading Fund aims to achieve long-term equity linked growth byinvesting in the Saudi Arabian stock market. The fund invests in the shares of Saudipublicly quoted companies (excluding banks) and short-term trade finance transactions.
|
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 |
01 November 1997 |
