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 50% 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.
Unit price (As of 18 July 2019)
1.2570
Net Asset value
1,570,975
Base Currency
Saudi Riyal
Fund Category
Equity, Saudi - NOMU - Sharia Compliant
Islamic Sharia Guidelines
Yes, With Sharia Committee
Valuation Frequency
Weekly
Subscription/Redemption Frequency
Weekly (Subscription) – Monthly (Redemption)
Benchmark
Parallel Market Index (NOMU)
Launch Price
1.0
Launch Date
19/2/2017
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 3% 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 Parallel Market Trading Equity Fund
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