Investing in Saudi-listed SME counters, the Alistithmar Capital Small-Mid Cap Saudi Companies Fund began operating on the 24th November 2024 after the IPO period ended with SAR33.39 million (US$8.9 million) subscriptions received.
This Shariah compliant open-ended equity fund’s net asset value was SAR75.91 million (US$20.24 million) on the 26th February 2025 – with fund manager Alistithmar for Financial Securities and Brokerage investing minimum 50% in Tadawul counters and maximum 20% in Nomu stocks.
The actively-managed investment strategy will include IPOs, secondary public offerings, rights issue offerings and other public offerings.
Benchmarked against the S&P Saudi Arabia Midsmall Shariah Index LCL, this high-risk fund aims to achieve long-term capital appreciation as all profits earned will be reinvested automatically.
The fund manager can also invest up to 30% in real estate investment trusts, exchange-traded funds and closed-ended funds, while holdings in private equity funds, money market transactions and money market funds are capped at 10%.
The fund’s portfolio is diverse – with the factsheet as at the 31st December 2024 showing holdings in the sectors of real estate management and development, transportation, banks, consumer services, capital goods, materials, industrials, food and beverage, retailing, insurance, energy plus commercial and professional services.
The top 10 holdings at the end of 2024 were Cooperative Insurance (Tawuniya), Zamil Industrial, Riyadh Cables, United Electronics (Extra), Savola, Maharah Human Resources, Saudi Real Estate, Bank AlJazira, ArRiyadh Development and Saudi Ground Services (SGS).
Initial entry to this fund, with units priced at SAR10 (US$2.67) each, was set at SAR1,000 (US$266.67) with subsequent subscriptions in multiples of SAR500 (US$133.33).
*Disclaimer: The opinions and viewpoints expressed in the Fund Profile do not constitute as a recommendation for any funds highlighted. The information presented is not investment advice and should not be treated as such.
| Alistithmar Capital Small-Mid Cap. Saudi Companies Fund | |
| Fund manager | Alistithmar for Financial Securities and Brokerage (Alistithmar Capital) |
| Operational date | 24th November 2024 |
| Asset class | Equities |
| Base currency | SAR |
| Unit price | SAR10 (US$2.66) |
| Initial investment | SAR1,000 (US$266.66), subsequent subscription in multiples of SAR500 (US$133.33) |
| Investment objective | To achieve long-term capital appreciation for unit holders by investing primarily in shares of small and medium-sized companies listed on the Saudi stock markets |
| Benchmark | S&P Saudi Arabia Midsmall Shariah LCL Index |
| Risk profile | High risk |
| Distribution | None, profits automatically reinvested |
Source: Alistithmar Capital
