ANB Capital Digital and IT Equity Fund

While US tech giant stocks have dominated Shariah equity fund performances in recent years, ANB Capital has opted to instead focus on GCC regional champions with potential to achieve significant growth trajectories in the near future.

Operational since the 21^st March 2024, the ANB Capital Digital and IT Equity Fund targets growth opportunities in Saudi Arabia’s technology and digital solutions sector – amid ongoing digitalization initiatives, capital market development and associated IPO activity in the Kingdom and beyond.

“Our portfolio allocations as of Q4 2025 reflect our sector positioning, with over 30% of assets invested in technology stocks and more than 25% in communications,” said a representative of ANB Capital.

“Our top holdings include Etihad Etisalat, ELM, Al-Moammar Information Systems, Tadawul Group, Etihad Atheeb Telecom, United Electronics, Saudi Telecom, Flynas, Arab Technical Consulting and Edarat for Technology and Information Technology.”

With its Saudi operational base, a minimum 50% of the fund NAV is invested in Tadawul and Nomu-listed equities, including IPOs and rights issues. Investments in GCC-listed equities are capped at 25%. Pre-IPO investments in Saudi companies are limited to 10%.

Beyond exposure to technology-focused ETFs and closed-ended funds, which may reach up to 50%, the fund may also invest in Shariah compliant money market instruments for liquidity management.

Given its investments in relatively nascent domestic tech stocks, this fund posted a -7.99% annual return at the end of 2025 on a total fund size of SAR43.94 million (US$11.72 million) – below the 4.9% return for its benchmark of the IdealRatings Saudi Technology Index.

This performance was on track with this open-ended fund’s aim of medium- to long-term capital growth, with the entry point set at SAR2,000 (US$533.33) and subsequent subscriptions in SAR1,000 (US$266.67) multiples. Applying a full reinvestment policy, there is no income or profit distribution.

This fund is pitched to individual investors, private, governmental and semi-governmental institutions who prefer medium- and long-term investments and have the ability and willingness to tolerate a high level of risk.

*Disclaimer: The opinions and viewpoints expressed in this Fund Profile do not constitute as recommendations for any fund highlighted. The information presented is not investment advice and should not be treated as such.

Source: ANB Capital