Shariah-Compliant SNB Capital Saudi Small and Mid Cap Equity Fund records strong performance, +40% return YTD

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Shariah-Compliant SNB Capital Saudi Small and Mid Cap Equity Fund, which is managed by SNB Capital, demonstrated robust performance, with a return of more than 40% year to date (YTD) as of June 11, 2023.

The fund was the top performer compared to all categories of other funds. Among small and mid-caps, its return came in 18% above peers in the same category for 2023.

Established in 2008, the fund has assets under management (AUMs) of above SAR 220 million. It is an open-ended, Shariah-compliant fund. It aims to invest in Tadawul-listed local small and mid-caps in various sectors, such as healthcare, industry, finance, energy, and technology.

Khaled Al Braikan, Head of Asset Management at SNB Capital, said, "The performance of SNB Capital Saudi Small and Mid Cap Equity Fund demonstrated efficient investment in SNB Capital. With more than 15 years of a proven track record of success, the fund provided the perfect mix of a top-down and bottom-up investment approach, as portfolio managers constantly look for companies that maintain sustainable and accelerated profitable growth."

He added that the fund's superior and stable performance reflects the capabilities and experience of SNB Capital’s team to determine the optimal investment size and highly efficient performance. The fund uses multi-level controls and oversight to manage risks effectively, with steady performance as a main objective. Through the fund, SNB Capital provides its clients with investment opportunities that support local economy.

According to the statement, the fund won more than 12 awards from prestigious organizations such as Argaam Portal.