Riyad Gulf Equity Fund

Overview

The Riyad Gulf Equity Fund is an open-ended public equity fund managed by Riyad Capital, focusing on Gulf Cooperation Council (GCC) equities excluding Saudi Arabia. The fund aims to achieve long-term capital growth by investing in companies listed on the stock exchanges of the United Arab Emirates, Kuwait, Bahrain, Qatar, and Oman, in compliance with the Shariah standards approved by the Shariah Committee of Riyad Capital. The fund was established on February 14, 2006, and operates in Saudi Riyals (SAR). The fund's investment strategy involves selecting companies across various sectors, including financial services, real estate, telecommunication services, utilities, materials, energy, consumer discretionary, consumer staples, healthcare, information technology, industrials, consumer services, basic materials, consumer goods, and services. The fund is classified as high risk and is suitable for investors seeking exposure to the GCC equity markets, excluding Saudi Arabia. As of the latest available data, the fund's total net assets amount to approximately 148.26 million SAR, with a unit price of 16.13 SAR. The fund's top holdings include Kuwait Finance House, Emaar Properties, Qatar Islamic Bank, Abu Dhabi Islamic Bank, Al Dar Properties, Industries Qatar, Dubai Islamic Bank, Dubai Electricity and Water Authority, Masraf Al Rayan, and Ooredoo Qatar Telecom. The fund's performance has shown a cumulative return of 35.36% over the past five years, with a standard deviation of 16.48%, indicating a high level of volatility. Investors interested in the Riyad Gulf Equity Fund should consider their risk tolerance and investment objectives, as the fund's high-risk profile may not be suitable for all investors. Detailed information, including the fund's terms and conditions, financial statements, and performance reports, can be accessed through Riyad Capital's official website.