Mutual Funds in Financial Markets
Fund Details
The Fund’s primary objective is to maximize capital growth by achieving a positive return versus its benchmark while minimizing potential risks. 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”. Where all investments to be compatible with Sharia guidelines that approved by the Fund’s Sharia Committee.
| name_en | Caption |
|---|---|
| Fund Name | Osool & Bakheet IPO Trading Fund Sharia Compliant |
| Unit Price | 1.7516 |
| Date | As of 13 July 2025 |
| Net Asset value | 3,999,879 |
| Base Currency | Saudi Riyal |
| Fund Category | Equity, Saudi - IPOs - Sharia Compliant |
| Islamic Sharia Guidelines | Yes, With Sharia Committee |
| Valuation Frequency | Daily |
| Subscription/Redemption Frequency | Daily |
| Benchmark | OBIC IPO Trading Sharia Compliant Index |
| Launch Price | 1.0 |
| Launch Date | 15/11/2015 |
| 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 to manually link PMS transaction with CMS transaction, in case if it’s not linked through the process. 1. Add an option to link the Fund Money-In /Money-Out transactions with corresponding CMS unsettled transaction (PMS_Settlement_Flag=”N” in CMS_Trans) as shown in screen 2 below 2. It will be linked in PMS with the CMS transaction (CMS_Trans_Number in TPS_Trans table) 3. After creating the manual settlement transaction the PMS_Settlement_Flag in CMS_Trans table will be updated to ‘Y’. |
| - | One Day | Month To Date | Year To Date | One Year | Two Years | Three Years | Five Years | Fund Start To Date |
|---|---|---|---|---|---|---|---|---|
| Osool & Bakheet IPO Trading Fund Sharia Compliant | -0.4% | 0.3% | -12.0% | -15.0% | -2.9% | 36.3% | 90.8% | 75.2% |
| OBIC IPO Trading Sharia Compliant Index | -0.2% | -0.1% | -12.3% | -14.0% | -9.9% | 18.7% | 63.9% | 8.5% |
| Difference | -0.2% | 0.4% | 0.3% | -0.9% | 7.1% | 17.5% | 26.9% | 66.7% |
