Arbah IPO Fund
The objective of the fund is to achieve a return exceeding the performance of the Arbah S&P IPO Index, by investing in Saudi IPOs and Saudi companies listed for five years or less. The fund manager can also invest in other funds which have similar objectives and goals.
The investment strategy is to invest assets in a diversified portfolio comprised of Shariah-compliant companies listed on the Saudi Stock Exchange, using a multi-strategy approach.
Performance
| Unit Price | 15.1197 |
| YTI | 51.20% |
| YTD Change | -12.59% |
| Fund Manager | Arbah Capital,PO Box 8807, Dammam 31492,Kingdom of Saudi Arabia |
| Base Currency | Saudi Riyal |
| Style | Shariah-compliant |
| Investment Fund Objective | The fund aims to achieve a return exceeding the performance of the Arbah S&P IPO Index, by investing in Saudi IPOs and Saudi companies listed for five years or less. The fund manager can also invest in other funds that have similar objectives and goals |
| Investment Strategies | The Fund invests its assets in a diversified portfolio comprised of Shariah-compliant companies listed on the Saudi Stock Exchange, using a multi-strategy approach. |
| Minimum Initial Subscription | Individual: SAR 10,000 Institutional: SAR 20,000 |
| Minimum Additional Subscription or Redemption | Individual: SAR 5,000 Institutional: SAR 5,000 |
| Cut-off time | 12 noon each Sunday and Tuesday |
| Valuation Day | Every Monday and Wednesday |
| Subscription Fee | Upto 2% paid once at subscription time |
| Management Fees | 1.75% Per Annum |
| Custodian Fee | 0.25% Per Annum |
| Unit price at launch date | SAR 10 on 2nd April 2011 |