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.
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Fund Details |
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Fund |
ANB Capital Digital & IT Equity Fund (Shariah-compliant) |
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Type of Fund |
Open-ended fund |
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Fund Manager |
ANB Capital |
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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 |
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Risk |
High |
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Unit Price |
SAR 10 |
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Minimum Subscription |
SAR 2000 |
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Public Offering Date |
Jan 14, 2024 |
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Start Date |
March 21, 2024 |
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Benchmark |
IdealRatings Global REITs Index |
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Management Fees |
1.75% of the net asset value |
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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.
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Investment Ratio* |
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Investment Type |
Minimum |
Maximum |
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Shares of companies listed on Tadawul and Nomu, including IPOs and traded rights issue shares in the Saudi and Gulf markets |
50% |
100% |
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Exchange-traded index funds and closed-end funds, including IPOs and traded rights issue shares in the Saudi and Gulf markets |
-- |
50% |
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Shares listed on Gulf financial markets |
-- |
25% |
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Shares of Saudi companies in the pre-initial public offering period - private equity shares |
-- |
10% |
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Cash market instruments and funds |
-- |
25% |
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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.
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