About SAB Invest Saudi Companies Equity Fund
SAB Invest Saudi Companies Equity Fund is an investment fund profile on SNDUK. This page explains SAB Invest Saudi Companies Equity Fund performance, key fund facts, and investment strategy for investors comparing funds in Saudi Arabia.
SAB Invest Saudi Companies Equity Fund is managed by SAB Invest. Fund type: equity. Fund code: SIC. Assets under management: 1518360117. Minimum investment: 10 ريال. Inception date: 5/1/2004.
SAB Invest Saudi Companies Equity Fund is an open-ended investment fund that aims to achieve long-term capital growth by investing in Shariah-compliant companies listed on the Saudi market. The fund falls under the equity funds category and follows an active portfolio management approach based on company analysis and the assessment of investment opportunities, with flexibility to allocate investments across different market sectors.
The investment strategy includes equities, rights issues, initial public offerings (IPOs), exchange-traded funds (ETFs), and real estate investment trusts (REITs), in accordance with the terms and conditions. The fund benchmarks its performance against the S&P Saudi Arabia Domestic Shariah Total Return Index, which accounts for distributions, helping investors evaluate the fund’s investment management performance against its benchmark.
The investment policy governs asset allocation, with between 90% and 100% of net assets invested in Shariah-compliant Saudi equities, including rights issues and IPOs. Up to 10% may be allocated to cash, Murabaha transactions, and Murabaha funds approved by the Shariah Committee, while up to 10% may be allocated to other investment funds with similar objectives. Under exceptional circumstances, the allocation to cash and Murabaha may be increased to 100%. Murabaha counterparties must have a credit rating of at least BBB- from Standard & Poor’s or Fitch, or Baa3 from Moody’s. The fund may also obtain Shariah-compliant financing of up to 10% of net assets for a period not exceeding one year.
The fund is classified as a high-risk investment, making it suitable for investors seeking long-term growth who can tolerate stock market fluctuations. The fund does not guarantee capital or any specific return.
Subscription and Redemption: The fund is valued on Mondays and Wednesdays. The deadline for receiving requests is 4:30 PM Saudi time on Sunday for Monday’s valuation and on Tuesday for Wednesday’s valuation. Late requests are carried forward to the next dealing day. Redemption proceeds are paid before the end of the second business day following the relevant valuation day.
SAB Invest Saudi Companies Equity Fund fund details
SAB Invest Saudi Companies Equity Fund is managed by SAB Invest. The asset manager oversees portfolio decisions and fund operations for SAB Invest Saudi Companies Equity Fund.
SAB Invest Saudi Companies Equity Fund is classified as a equity fund, which shapes its risk profile and investment universe.
Investors can identify SAB Invest Saudi Companies Equity Fund in market data using fund code SIC.
SAB Invest Saudi Companies Equity Fund reports assets under management of 1518360117.
The minimum investment amount to participate in SAB Invest Saudi Companies Equity Fund is 10 ريال.
SAB Invest Saudi Companies Equity Fund was launched on 5/1/2004, giving investors a track record to evaluate long-term performance.
SAB Invest Saudi Companies Equity Fund performance summary
Return over 1 week: -2.0845%. Return over 1 month: -4.6677%. Return over 3 months: -4.0267%. Return over 6 months: -11.2598%. Return over 1 year: -14.3927%. Return over since inception: +484.1337%.
Use this SNDUK fund page to review SAB Invest Saudi Companies Equity Fund returns, manager details, and strategy before investing.
SNDUK publishes SAB Invest Saudi Companies Equity Fund data to help investors compare investment funds in Saudi Arabia with transparent performance and fund information.
