About SEDCO Capital IPO Fund
SEDCO Capital IPO Fund is an investment fund profile on SNDUK. This page explains SEDCO Capital IPO Fund performance, key fund facts, and investment strategy for investors comparing funds in Saudi Arabia.
SEDCO Capital IPO Fund is managed by SEDCO Capital. Fund type: equity. Fund code: SIF. Assets under management: 28049794. Minimum investment: 5000 ريال. Inception date: 8/26/2024.
SEDCO Capital IPO Fund is a high-risk open-ended public investment fund that is compliant with Shariah standards and guidelines, managed by SEDCO Capital, and aims to achieve capital growth over the medium to long term by investing in initial public offerings and rights issues of shares of companies listed on the Saudi stock market, including the Main Market and the Parallel Market, in addition to shares that have been offered within three years.
The Fund’s terms and conditions set investment ranges such that investments in initial public offerings and shares that have been offered within three years may range between 50% and 100% of the Fund’s net asset value. The Fund may also invest between 0% and 50% in rights issues of companies listed in the Saudi market, and up to 40% in initial public offerings of listed real estate investment funds (REITs).
The Fund’s investment policy also permits investments of up to 40% in money market transactions compliant with Shariah standards and guidelines, and up to 40% in Sukuk compliant with Shariah standards and guidelines, in accordance with the investment policy and restrictions specified in the Fund’s terms and conditions.
The Fund uses the IdealRatings Saudi IPO 3Yrs Islamic Index as its benchmark for measuring the Fund’s performance. The Index is based on free-float market capitalization and includes newly listed companies in the Saudi financial market that comply with Shariah standards and have been listed for no more than three years. The Index is rebalanced monthly to exclude companies that have been listed for more than three years, with a quarterly Shariah screening of the Index constituents.
SEDCO Capital IPO Fund does not distribute profits or periodic cash distributions to unit holders; instead, the profits received are reinvested in the Fund’s investment areas.
SEDCO Capital IPO Fund fund details
SEDCO Capital IPO Fund is managed by SEDCO Capital. The asset manager oversees portfolio decisions and fund operations for SEDCO Capital IPO Fund.
SEDCO Capital IPO Fund is classified as a equity fund, which shapes its risk profile and investment universe.
Investors can identify SEDCO Capital IPO Fund in market data using fund code SIF.
SEDCO Capital IPO Fund reports assets under management of 28049794.
The minimum investment amount to participate in SEDCO Capital IPO Fund is 5000 ريال.
SEDCO Capital IPO Fund was launched on 8/26/2024, giving investors a track record to evaluate long-term performance.
SEDCO Capital IPO Fund performance summary
Return over 1 week: +1.823%. Return over 1 month: -0.9387%. Return over 3 months: -2.9906%. Return over 6 months: -11.5702%. Return over 1 year: -25.5071%. Return over since inception: -33.2947%.
Use this SNDUK fund page to review SEDCO Capital IPO Fund returns, manager details, and strategy before investing.
SNDUK publishes SEDCO Capital IPO Fund data to help investors compare investment funds in Saudi Arabia with transparent performance and fund information.
