Logo ofDerayah Financial Co.
The total investments of four local investment funds managed by Derayah Financial Co. reached nearly SAR 2.86 billion at the start of the fourth quarter of 2025, spread across roughly 25 companies, according to a study by Argaam. 
Derayah Financial manages six funds, covering various asset classes and markets.
The following table shows the returns of local equity funds managed by Derayah Financial in 2025, including each fund’s annual performance, enabling a clear comparison of returns across the funds.
Derayah Local Equity Funds
Fund Name
2025 Return
Net Assets in 2025 (SAR million)
DERAYAH SAUDI EQUITIES FUND
-12.6%
533.2
Derayah FreeStyle Saudi Equity fund
-16.9%
1,712.5
Derayah Opportunistic Saudi Equity Fund
-17.1%
209.6
Derayah Nomu Market Fund*
-13.0%
49.7
*Founded in March 2025
According to data compiled by Derayah Financial Co., the largest holdings in the local fundportfolio were East Pipes Integrated Company for Industry, Alinma Bank, and Saudi Paper Manufacturing Co. (SPM), with average investment weights of 5.4%, 5.2%, and 5.0%, respectively.
Top 20 Investments of Derayeh Financial at Q4 2025 Begining
Company
Number of Funds Invested
Average Weight
Investment Value (SAR million)
East Pipes
4
5.4%
154.4
Alinma Bank
3
5.2%
148.3
Saudi Paper
3
5.0%
144.2
GO Telecom
2
4.2%
121.4
City Cement
3
4.2%
120.7
Cenomi Retail
3
4.2%
120.2
Maaden
2
3.9%
112.3
Nadec
3
3.9%
111.3
Yamama Cement
1
2.7%
75.9
Marafiq
1
2.5%
72.0
Al Rajhi Bank
1
2.5%
71.4
stc
1
1.0%
28.6
GO Telecom
1
0.7%
19.0
Al-Mouwasat
1
0.5%
13.1
MESC
1
0.4%
12.8
Shaker
1
0.4%
10.2
Azm
1
0.2%
5.5
Tadweer
1
0.1%
4.0
GAS
1
0.1%
3.6
Asas Makeen
1
0.1%
3.1
Derayah Financial’s six Saudi equity funds’ top ten holdings are shown below, illustrating portfolio structure and concentration across funds.
Company
Company’s Investment Weight in the Fund
Investment Value
(SAR mln)
DERAYAH SAUDI EQUITIES FUND
Al Rajhi Bank
12.0%
71.4
Saudi Paper
5.0%
29.8
Alinma Bank
5.0%
29.8
Maaden
4.8%
28.6
stc
4.8%
28.6
East Pipes
4.1%
24.4
Cenomi Retail
3.9%
23.2
Go Telecom
3.2%
19.0
City Cement
3.2%
19.0
NADEC
3.0%
17.9
Derayah FreeStyle Saudi Equity fund
GO Telecom
5.4%
105.2
Alinma Bank
5.4%
105.2
East Pipes
5.2%
101.3
Saudi Paper
5.0%
97.4
City Cement
4.6%
89.6
Cenomi Retail
4.4%
85.7
Maaden
4.3%
83.7
NADEC
4.1%
79.8
Yamama Cement
3.9%
75.9
Marafiq
3.7%
72.0
Derayah Opportunistic Saudi Equity Fund
East Pipes
8.9%
23.3
Saudi Paper
6.5%
17.0
GO Telecom
6.2%
16.3
NADEC
5.2%
13.6
Alinma Bank
5.1%
13.4
Mouwasat
5.0%
13.1
MESC
4.9%
12.8
City Cement
4.6%
12.1
Cenomi Retail
4.3%
11.3
Shaker
3.9%
10.2
Derayah Nomu Market Fund*
Azm
9.2%
5.5
East Pipes
9.0%
5.4
Tadweer
6.7%
4.0
GAS
6.0%
3.6
Asas Makeen
5.2%
3.1
Miral
4.5%
2.7
Qomal
4.0%
2.4
United Mining
3.4%
2.0
UFG
2.8%
1.7
Jamjoom Pharma
2.6%
1.6
Logo ofDerayah Financial Co.
The total investments of four local investment funds managed by Derayah Financial Co. reached nearly SAR 2.86 billion at the start of the fourth quarter of 2025, spread across roughly 25 companies, according to a study by Argaam.
Derayah Financial manages six funds, covering various asset classes and markets.
The following table shows the returns of local equity funds managed by Derayah Financial in 2025, including each fund’s annual performance, enabling a clear comparison of returns across the funds.
Derayah Local Equity Funds
Fund Name
2025 Return
Net Assets in 2025 (SAR million)
DERAYAH SAUDI EQUITIES FUND
-12.6%
533.2
Derayah FreeStyle Saudi Equity fund
-16.9%
1,712.5
Derayah Opportunistic Saudi Equity Fund
-17.1%
209.6
Derayah Nomu Market Fund*
-13.0%
49.7
*Founded in March 2025
According to data compiled by Derayah Financial Co., the largest holdings in the local fundportfolio were East Pipes Integrated Company for Industry, Alinma Bank, and Saudi Paper Manufacturing Co. (SPM), with average investment weights of 5.4%, 5.2%, and 5.0%, respectively.
Top 20 Investments of Derayeh Financial at Q4 2025 Begining
Company
Number of Funds Invested
Average Weight
Investment Value (SAR million)
East Pipes
4
5.4%
154.4
Alinma Bank
3
5.2%
148.3
Saudi Paper
3
5.0%
144.2
GO Telecom
2
4.2%
121.4
City Cement
3
4.2%
120.7
Cenomi Retail
3
4.2%
120.2
Maaden
2
3.9%
112.3
Nadec
3
3.9%
111.3
Yamama Cement
1
2.7%
75.9
Marafiq
1
2.5%
72.0
Al Rajhi Bank
1
2.5%
71.4
stc
1
1.0%
28.6
GO Telecom
1
0.7%
19.0
Al-Mouwasat
1
0.5%
13.1
MESC
1
0.4%
12.8
Shaker
1
0.4%
10.2
Azm
1
0.2%
5.5
Tadweer
1
0.1%
4.0
GAS
1
0.1%
3.6
Asas Makeen
1
0.1%
3.1
Derayah Financial’s six Saudi equity funds’ top ten holdings are shown below, illustrating portfolio structure and concentration across funds.
Company
Company’s Investment Weight in the Fund
Investment Value
(SAR mln)
DERAYAH SAUDI EQUITIES FUND
Al Rajhi Bank
12.0%
71.4
Saudi Paper
5.0%
29.8
Alinma Bank
5.0%
29.8
Maaden
4.8%
28.6
stc
4.8%
28.6
East Pipes
4.1%
24.4
Cenomi Retail
3.9%
23.2
Go Telecom
3.2%
19.0
City Cement
3.2%
19.0
NADEC
3.0%
17.9
Derayah FreeStyle Saudi Equity fund
GO Telecom
5.4%
105.2
Alinma Bank
5.4%
105.2
East Pipes
5.2%
101.3
Saudi Paper
5.0%
97.4
City Cement
4.6%
89.6
Cenomi Retail
4.4%
85.7
Maaden
4.3%
83.7
NADEC
4.1%
79.8
Yamama Cement
3.9%
75.9
Marafiq
3.7%
72.0
Derayah Opportunistic Saudi Equity Fund
East Pipes
8.9%
23.3
Saudi Paper
6.5%
17.0
GO Telecom
6.2%
16.3
NADEC
5.2%
13.6
Alinma Bank
5.1%
13.4
Mouwasat
5.0%
13.1
MESC
4.9%
12.8
City Cement
4.6%
12.1
Cenomi Retail
4.3%
11.3
Shaker
3.9%
10.2
Derayah Nomu Market Fund*
Azm
9.2%
5.5
East Pipes
9.0%
5.4
Tadweer
6.7%
4.0
GAS
6.0%
3.6
Asas Makeen
5.2%
3.1
Miral
4.5%
2.7
Qomal
4.0%
2.4
United Mining
3.4%
2.0
UFG
2.8%
1.7
Jamjoom Pharma
2.6%
1.6
