FALCOM Saudi Equity ETF posts SAR 1.4 mln net profit in FY2019

31/03/2020 Argaam

Falcom Saudi Equity ETF posted a net profit of SAR 1.4 million for the fiscal year 2019, according to a bourse filing by Falcom Financial Services on Tuesday.

 

Net asset value (NAV) stood at SAR 23.835 million, while the NAV per unit reached SAR 32.88 by the end of 2019.

 

The number of issued units totalled 725,000, with a yield of 8.27% for FY2019.

 

Total expenses and fees stood at SAR 275,724.

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