ANB Capital Digital & IT Equity Fund IPO opens today

ANB Capital Equity Fund’s public offering starts today

Logo of ANB Capital

ANB Capital started the public offering of Shariah-compliant ANB Capital Digital & IT Equity Fund today, Jan 14.

The offering period will run until March 14, with the minimum threshold of SAR 2000.

ANB Capital Digital & IT Equity Fund is an open-ended fund that aims to generate capital growth over the medium to long term through investing in Shariah-compliant shares of technology and digital solutions companies listed on Tadawul, Nomu-Parallel Market, and other Gulf markets.

In October 2023, the Capital Market Authority (CMA) approved floating units of Shariah-compliant ANB Capital Digital & IT Equity Fund in a public offering.

Fund Details
Fund	ANB Capital Digital & IT Equity Fund (Shariah-compliant)
Type of Fund	Open-ended fund
Fund Manager	ANB Capital
Objective	The fund aims to generate capital growth over the medium to long term through investing in Shariah-compliant shares of technology and digital solutions companies listed on Tadawul, Nomu-Parallel Market, and other Gulf markets
Risk	High
Unit Price	SAR 10
Minimum Subscription	SAR 2000
Public Offering Date	Jan 14, 2024
Start Date	March 21, 2024
Benchmark	IdealRatings Global REITs Index
Management Fees	1.75% of the net asset value
Subscription & Redemption Fees	Maximum subscription fee is 2%, and no fees for redemption

The fund invests mainly in the shares of companies listed on Tadawul and Nomu, specializing in the technology, applications, and digital solutions sectors.

The fund also invests in IPOs and traded rights issue shares. The following table shows the investment ratio in each investment area.

The fund also invests in Saudi and Gulf stock markets.

Investment Ratio*
Investment Type	Minimum	Maximum
Shares of companies listed on Tadawul and Nomu, including IPOs and traded rights issue shares in the Saudi and Gulf markets	50%	100%
Exchange-traded index funds and closed-end funds, including IPOs and traded rights issue shares in the Saudi and Gulf markets	--	50%
Shares listed on Gulf financial markets	--	25%
Shares of Saudi companies in the pre-initial public offering period - private equity shares	--	10%
Cash market instruments and funds	--	25%
Units of other investment funds	--	10%

*In case of exceptional circumstances, the fund manager may increase the fund's liquidity to 100%, and may allocate all of the fund's assets in cash or in short-term cash market negotiated deals in Saudi riyals.

Investment Fund IPOs

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