Derayah Nomu Market Fund

Completing its range of local equity market fund offerings within Saudi Arabia, the Derayah Nomu Market Fund is the first to be offered by this independent digital broker since its February 2025 IPO.

Launched on the 16^th March 2025, this fund by Derayah Financial reflects yet more industry support for the Nomu parallel market – which has seen significant growth with its less restrictive listing requirements since starting its operations in 2017.

There were 28 IPOs and three direct listings in 2024 on Nomu, with a total value of SAR1.1 billion (US$293.33 million). This was followed up by eight IPOs in Q1 2025, according to data from the Saudi stock exchange.

Fund manager Derayah Financial has adopted an actively-managed investment strategy for this Shariah compliant open-ended high-risk fund by selecting stocks and sectors that often deliver higher growth potential, but which also come with greater volatility.

While the offer period was set for 55 working days, the SAR3 million (US$800,000) fund operational minimum was achieved early. This fund’s net asset value (NAV) has since grown to SAR60.41 million (US$16.11 million) as at the 26^th May 2025 compared to its initial NAV of SAR31.58 million (US$8.42 million) on the 27^th March 2025.  

Though the fund’s investment focus is on Nomu equities, its portfolio includes stocks in companies that have transitioned to the main Tadawul market in the previous five years.

The Derayah Nomu Market Fund may also invest in Saudi public investment funds, ETFs, money market funds plus pre-IPO stage Saudi companies and private investment funds.

All profits are automatically reinvested, as the fund aims to achieve long-term capital growth. The fund’s performance is tracked against the Nomu Parallel Market Capped Index.

*Disclaimer:  The opinions and viewpoints expressed in this 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.