Launch Partners

Launch Partners

Kamco Freestyle Saudi Equity Fund

Launched on the 27th November 2024, the Kamco Freestyle Saudi Equity Fund is open-ended and primarily invests in shares of listed companies and new IPOs within Saudi Arabia, covering the Saudi Stock Exchange (Tadawul) and the parallel market (Nomu).

Managed by the Saudi subsidiary of Kuwait-based Kamco Invest, this fund began operating immediately with the new year – as the SAR10 million (US$2.67 million) received when the initial offer period closed on the 31st December 2024 was double the SAR5 million (US$1.33 million) subscription preset minimum.

Kamco Invest – Saudi CEO Mohammed Al-Faris said this fund was launched together with Kamco SAR Murabaha Fund – bringing total funds managed by the Saudi subsidiary to three, bookending a long gap as the Kamco Saudi Equity Fund was launched in November 2008.

“This launch marks the beginning of a new phase of expansion for Kamco Invest – Saudi in the Kingdom. toward achieving our strategic vision of becoming one of the key players in the Saudi financial market (to) … enhance investor confidence, in line with the objectives defined under the Saudi Vision 2030.”

The equity fund is benchmarked against the S&P Saudi Arabia Domestic Shariah Index. As its assets are being invested in stock markets which, are highly volatile, this fund is considered to be of high risk. Aiming to develop capital appreciation over the long term, all profits are reinvested, not distributed.

This fund will not invest in any financial derivatives and may obtain financing up to 10% of net asset value (NAV), for a period of less than a year.

While this Saudi-focused fund will hold at least 50% of its NAV in equities, it is allowed to invest up to 20% of NAV in money market transactions. Other investment options allowed are real estate investment funds and exchange-traded fund offerings managed by other parties.

“The fund employs a flexible investment strategy that aims to capitalize on growth opportunities across various sectors of the Saudi economy while maintaining a balance between high returns and risk management,” said Mohammed.

The entry point was set at SAR100 (US$26.67) of 10 units priced at SAR10 (US2.67) each, and subsequent subscriptions will be in 10-unit increments at daily traded pricing.

*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. 

Kamco Freestyle Saudi Equity Fund 
Fund manager   Kamco Investment Company
Launch date   27th November 2024  
Operation date1st January 2025
Asset class Primarily public equities, plus mixed assets 
Base currency SAR  
Initial investmentSAR100 (US$26.67), subsequent multiples of SAR100
Investment objective  To achieve capital appreciation over the long term by investing in public equities and assets compatible with Shariah guidelines 
BenchmarkS&P Saudi Arabia Domestic Shariah Index
Risk profileHigh risk
Distribution Profits reinvested, not distributed, to optimize capital gains

Source: Kamco Invest – Saudi

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Launched on the 27th November 2024, the Kamco Freestyle Saudi Equity Fund is open-ended and primarily invests in shares of listed companies and new IPOs within Saudi Arabia, covering the Saudi Stock Exchange (Tadawul) and the parallel market (Nomu). Managed by the Saudi subsidiary of Kuwait-based Kamco Invest, this fund began operating immediately with the new...

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