Mutual Funds in Financial Markets
Fund Details
The Fund is primarily designed to maximize capital growth through achieving positive returns, benchmarked by Osool & Bakheet Saudi IPO Index (calculated by S&P). The Fund mainly invests in initial public offerings of shares of Saudi joint companies during the first five years of trading Or the last 20 listed companies. In addition, the fund manager is allowed to invest maximum 50% of the fund assets in small and medium cap companies’ stocks and maximum of 30% of the fund’s net assets value in the Real estate investment funds and maximum of 30% of the fund’s net assets value in companies that are listed in Saudi “Nomu – Parallel Market”.
| name_en | Caption |
|---|---|
| Fund Name | Osool & Bakheet IPO Fund |
| Unit Price | 3.2287 |
| Date | As of 13 July 2025 |
| Net Asset value | 34,352,903 |
| Base Currency | Saudi Riyal |
| Fund Category | Equity, Saudi - IPOs |
| Islamic Sharia Guidelines | No |
| Valuation Frequency | Daily |
| Subscription/Redemption Frequency | Daily |
| Benchmark | Osool & Bakheet Saudi IPO Index |
| Launch Price | 1.0 |
| Launch Date | 1/3/2008 |
| Minimum Subscription | SAR 10,000 |
| Minimum Additional Sub./Redemption | SAR 10,000 |
| Subscription Fees | None |
| Redemption Fees | 0% |
| Management Fees | 2.0% p.a. |
| Other Fees | 0.5% Annual Custody Fees and 1.75% Early Redemption Fees This is a new form denoted on above flowchart on step 5 and 5.1 of (figure:1) which will post subscription /redemption transactions to B2B environment and update Trans_Refrence_Number in CMS_Trans table. For Subscription transfer will be done from OBIC Main Account to Fund Account and in Redemption Transfer will be done from Fund Account to OBIC Main Account as shown in Screens 3 & 4 below. After posting to B2B, Subscription_Redemption_B2B_Status (New field in CMS_Trans) will be updated to “INITIATED”. |
| - | One Day | Month To Date | Year To Date | One Year | Two Years | Three Years | Five Years | Fund Start To Date |
|---|---|---|---|---|---|---|---|---|
| Osool & Bakheet IPO Fund | -0.4% | 0.3% | -12.3% | -13.8% | -3.3% | 34.0% | 95.4% | 222.9% |
| Osool & Bakheet Saudi IPO Index | -0.2% | -0.1% | -12.9% | -12.9% | -1.8% | 28.5% | 81.4% | 30.2% |
| Difference | -0.2% | 0.4% | 0.5% | -0.9% | -1.4% | 5.5% | 14.1% | 192.7% |
