Osool & Bakheet IPO Fund
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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 | 3.8114 |
| As of | As of 18 July 2024 |
| Net Asset value | 43,188,657 |
| 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 |
| - | One Day | Month To Date | Year To Date | One Year | Two Years | Three Years | Five Years | Fund Start To Date |
|---|---|---|---|---|---|---|---|---|
| Osool & Bakheet IPO Fund | 0.1% | 1.3% | 13.4% | 13.9% | 56.8% | 61.3% | 134.3% | 281.1% |
| Osool & Bakheet Saudi IPO Index | -0.5% | 3.6% | 9.5% | 15.1% | 49.2% | 43.7% | 96.1% | 53.4% |
| Difference | 0.6% | -2.3% | 3.9% | -1.2% | 7.6% | 17.6% | 38.2% | 227.7% |