SEDCO Capital, a Saudi asset management and investment advisory firm adhering to Shariah and ESG standards, has launched the SEDCO Capital IPO Fund.
This open-ended, Shariah-compliant fund aims to provide access to a diversified portfolio of companies preparing to go public in the Saudi market.
Leveraging its expertise, SEDCO Capital will focus on identifying high-potential opportunities across various sectors.
Abdulwahhab Abed, acting CEO, stated: “The SEDCO Capital IPO Fund represents a significant development in our public equities offerings. It diversifies our portfolio and aligns with our vision to utilise market dynamics for sustainable Shariah-compliant returns. This fund targets investors with a higher risk appetite, promising potentially greater returns.”
This move supports Saudi Arabia’s Vision 2030, which seeks to diversify the economy and reduce oil dependency.
The fund is expected to attract both local and international investors, tapping into the expanding Saudi market.
Details on the fund’s size and launch timeline will be provided in the coming weeks. The fund is designed to accommodate investments in Shariah-compliant IPOs of REITs, sukuk, and money market instruments.
Key features:
- Fund type: Open-ended public investment fund
- Minimum subscription: SAR 5,000
- Initial Unit Price: SAR 10
- Benchmark index: SEDCO Capital Total Return IPO Index
- Management fees: 1.75% annually of the fund’s net asset value (NAV)
Regulated by the Capital Market Authority (CMA) of Saudi Arabia, the fund adheres to high standards of transparency and compliance.
