Logo of SAB Invest
SAB Invest Saudi Freestyle Equity Fund managed by SAB Invest achieved the highest return since the beginning of 2023, compared to the rest of the investment funds managed by SAB Invest, year to date performance (as of end August 2023) reached 34.2%, compared to about 14.3% for the average local equity category for the rest of the funds within the Saudi market.
The fund aims to achieve long-term capital growth by investing in shares of listed companies and IPOs that are in compliance with the provisions of Islamic Sharia.
It was followed in the ranking by SAB Invest Saudi Equity Income Fund, achieving return of 32.8% since the beginning of 2023. It is worth noting that the fund’s return includes a cash distribution of 3.5 riyals per unit distributed to unit holders for semi-annual period until March 2023.
SAB Invest also achieved the highest growth rate in assets under management, recording 35% increase between the period of the end of the year 2022 and second quarter of 2023 reaching assets under management valued at 21 billion riyals, according to the quarterly bulletin of the Capital Market Authority.
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Details of AUM for the 10 largest Saudi financial institutions – SAR Millions |
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Top 10 institutions assets under management |
2022 |
Q2 2023 |
Change |
|
SAB Invest |
15,503 |
20,924 |
35% |
|
Albilad Invstment |
13,870 |
18,344 |
32% |
|
Jadwa Investment |
48,462 |
57,059 |
18% |
|
Al Rajhi Capital |
52,651 |
60,692 |
15% |
|
Al-Khair Capital |
17,208 |
19,354 |
12% |
|
Alinma Investment |
63,367 |
70,868 |
12% |
|
SNB Capital |
249,315 |
271,218 |
9% |
|
Alistithmar for Financial Securities and Brokerage |
25,169 |
27,366 |
9% |
|
Riyad Capital |
79,860 |
83,954 |
5% |
|
ANB Capital |
16,384 |
17,210 |
5% |
|
Saudi Fransi Capital |
24,419 |
25,269 |
3% |
SAB Invest manages 25 open-ended investment funds in addition to a number of other private funds.
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Local and GCC Equity Funds |
YTD Performance as of end AUG 2023 |
3 Years Performance as of end AUG 2023 |
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SAB Invest Saudi Freestyle Equity Fund |
34.20% |
133.72% |
|
SAB Invest Saudi Equity Income Fund |
32.80% |
85.89% |
|
Al Yusr Saudi Equity Fund |
32.40% |
94.72% |
|
SAB Invest GCC Equity Fund |
32.20% |
120.69% |
|
SAB Invest Saudi Companies Equity Fund |
31.90% |
116.47% |
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SAB Invest GCC Equity Income Fund |
31.70% |
95.31% |
|
Saudi Equity Fund |
27.70% |
89.30% |
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SAB Invest Saudi Equity Fund |
27.30% |
109.85% |
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GCC Equity Fund |
26.90% |
85.38% |
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SAB Invest Saudi Industrial Companies Equity Fund |
21.40% |
57.92% |
|
SAB Invest Saudi Construction and Cement Companies Equity Fund |
8.90% |
12.89% |
|
SAB Invest MSCI Tadawul 30 Saudi ETF |
3.70% |
47.59% |
|
SAB Invest Saudi Financial Institutions Equity Fund |
(1.40%) |
65.83% |
|
Saudi Financial Institutions Equity Fund |
(1.80%) |
59.58% |
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Multi Asset Funds |
YTD Performance as of end AUG 2023 |
3 Years Performance as of end AUG 2023 |
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SAB Invest Multi Assets Growth Fund |
21.50% |
56.96% |
|
SAB Invest Multi Assets Balanced Fund |
14.90% |
40.89% |
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SAB Invest Multi Assets Defensive Fund |
8.70% |
23.28% |
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Money Market and Fixed Income Funds |
YTD Performance as of end AUG 2023 |
3 Years Performance as of end AUG 2023 |
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Saudi Riyal Money Market Fund |
3.30% |
5.96% |
|
SAB Invest Saudi Riyal Murabaha Fund |
3.30% |
5.52% |
|
Al Yusr SAR Morabaha Fund |
3.20% |
5.34% |
|
SAB Invest US Dollar Murabaha Fund |
3.00% |
4.58% |
|
Al Yusr Sukuk & Morabaha Fund |
2.70% |
0.68% |
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SAB Invest Sukuk Fund |
1.80% |
(1.14%) |
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Global Equity Funds |
YTD Performance as of end AUG 2023 |
3 Years Performance as of end AUG 2023 |
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SAB Invest Global Equity Index Fund |
25.70% |
22.26% |
|
SAB Invest China and India Equity Freestyle Fund |
(5.90%) |
(20.09%) |
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