About SNB Capital Saudi Riyal Trade Fund
SNB Capital Saudi Riyal Trade Fund is an investment fund profile on SNDUK. This page explains SNB Capital Saudi Riyal Trade Fund performance, key fund facts, and investment strategy for investors comparing funds in Saudi Arabia.
SNB Capital Saudi Riyal Trade Fund is managed by SNB Capital. Fund type: money_market. Fund code: SRT. Assets under management: 16473559415. Minimum investment: 5000 ريال. Inception date: 4/3/1995.
SNB Capital Saudi Riyal Trade Fund is a specialized open-ended public investment fund compliant with Shariah guidelines, managed by SNB Capital Company. The Fund aims to preserve and grow capital and provide liquidity upon the Investor’s request, primarily through investments in Money Market transactions and Shariah-compliant short-term financial instruments.
The Fund is considered one of the low-risk Money Market Funds and commenced its activities in April 1995, making it one of the oldest investment funds in the Saudi market, with a long operating track record in managing short-term investments.
The SNB Capital Saudi Riyal Trade Fund targets investors seeking a relatively low-risk investment vehicle for managing liquidity and growing capital over the short to medium term, while investing in Shariah-compliant financial instruments.
The Fund primarily invests in Money Market transactions and Shariah-compliant short-term financial instruments, including Murabaha, Wakala, Mudaraba, and Musharaka, in addition to Fixed Income Instruments (Sukuk), Shariah alternatives to swaps, Repurchase Agreements (Repo), Reverse Repurchase Agreements, and Asset-Backed Securities, in accordance with the investment guidelines and limits specified in the Fund’s Terms and Conditions.
The Fund focuses on short-term financial instruments with counterparties in the Kingdom of Saudi Arabia licensed by the Saudi Central Bank, or with foreign counterparties licensed by recognized banking regulatory authorities. For most investments and counterparties, the documents specify a minimum credit rating of BBB- from S&P or Fitch, or Baa3 from Moody’s, with the Fund Manager having the option to internally assess the quality of investments that are not credit-rated.
SNB Capital Saudi Riyal Trade Fund fund details
SNB Capital Saudi Riyal Trade Fund is managed by SNB Capital. The asset manager oversees portfolio decisions and fund operations for SNB Capital Saudi Riyal Trade Fund.
SNB Capital Saudi Riyal Trade Fund is classified as a money_market fund, which shapes its risk profile and investment universe.
Investors can identify SNB Capital Saudi Riyal Trade Fund in market data using fund code SRT.
SNB Capital Saudi Riyal Trade Fund reports assets under management of 16473559415.
The minimum investment amount to participate in SNB Capital Saudi Riyal Trade Fund is 5000 ريال.
SNB Capital Saudi Riyal Trade Fund was launched on 4/3/1995, giving investors a track record to evaluate long-term performance.
SNB Capital Saudi Riyal Trade Fund performance summary
Return over 1 week: +0.0854%. Return over 1 month: +0.3984%. Return over 3 months: +1.2091%. Return over 6 months: +2.3539%. Return over 1 year: +5.0186%. Return over since inception: +51.4214%.
Use this SNDUK fund page to review SNB Capital Saudi Riyal Trade Fund returns, manager details, and strategy before investing.
SNDUK publishes SNB Capital Saudi Riyal Trade Fund data to help investors compare investment funds in Saudi Arabia with transparent performance and fund information.
