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.
Unit price (As of 21 August 2019)
0.8510
Net Asset value
1,015,602
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

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Osool & Bakheet Investment Company (OBIC) is pleased to invite you to be one of our valuable clients. Upon receiving your information (below) we will contact you. All information provided by you are non-obligatory.

Fund Name
Osool & Bakheet IPO Trading Fund Sharia Compliant
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