Mutual Funds in Financial Markets

Fund Details

The fund mainly invests in companies that are listed in Saudi “Nomu – Parallel Market”. In addition, the fund manager is allowed to invest a maximum of 75% of the fund’s net assets value in small and medium cap companies’ shares that are listed in main market. Besides, fund can invest in units of listed public funds that are licensed by Saudi Capital Market Authority. In addition to the ability of investing available cash in term deposits in Saudi Riyal in licensed Saudi banks, where all investments to be compatible with Shariah guidelines that approved by the fund’s Shariah committee.