Logo of Yaqeen Capital
Yaqeen SP ESG MENA ETF launched its initial public offering (IPO) on the Saudi Exchange (Tadawul) today, May 12. 
The offering period is 15 business days and the fund manager has the right to extend the IPO to extend up to 45 additional business days.
For more news and details on Mutual Funds
The public, open-ended ETF aims to track and simulate the performance of the MSCI index of selected growth stocks for small and medium-sized Saudi companies that comply with Shariah standards.
The unit price upon offering is SAR 10, and the minimum amount the fund manager intends to raise is SAR 10 million.In case the minimum amount israised, the fund manager canclosethe offering at an earlier date.
The Capital Market Authority (CMA) approved Yaqeen Capital’s request to offer units of Yaqeen SP ESG MENA ETF on the market last April.
Fund Profile
Fund
Yaqeen SP ESG MENA ETF
Fund type
Open-ended and public ETF, Shariah-compliant, main market listed.
Investment objectives
Match index performance through passive stock management
Fund’s Currency
SAR
Minimum Limit for Subscription during the Offering Period
SAR 10 million
Unit price
SAR 10
Number of Units Offered
1 mlm units
Percentage of Units Offered
100%
Offering Start Date:
May 12, 2024
Offering End Date:
May 30, 2024
Min Subscription/Redemption:
25,000 units (SAR 250,000)
Duration
Open-ended
Benchmark
SP Arab ESG Shariah Composite Index (USD)
Fees
N/A
Target Investors
Individuals, institutions, government entities; passive investment in high-rated ESG, Shariah firms
Management Fee
0.5% of the fund’s net asset value annually, paid quarterly to the fund manager as dues.
The fund intends to invest 95% of its net assets in stocks compliant with Shariah standards across markets in Bahrain, Egypt, Jordan, Oman, Qatar, Saudi Arabia, Tunisia, and the UAE, as part of the benchmark index portfolio.
It will keep up to 5% of its net assets in cash to cover operational expenses.
The fund aims to track the index’s performance with a maximum annual deviation of 2%, considering factors like income and expenses. However, there is no guarantee that the fund manager will perfectly match the index’s performance.
Investment Percentage*
Investment type
Minimum
Maximum
Shares of Shariah-compliant companies listed in Middle East and North Africa markets.
95%
100%
Cash
—
5%
Fund Information
Fund Manager
Yaqeen Capital
Custodian
Riyad Capital
Receiving Banks
Yaqeen Capital
Logo of Yaqeen Capital
Yaqeen SP ESG MENA ETF launched its initial public offering (IPO) on the Saudi Exchange (Tadawul) today, May 12.
The offering period is 15 business days and the fund manager has the right to extend the IPO to extend up to 45 additional business days.
For more news and details on Mutual Funds
The public, open-ended ETF aims to track and simulate the performance of the MSCI index of selected growth stocks for small and medium-sized Saudi companies that comply with Shariah standards.
The unit price upon offering is SAR 10, and the minimum amount the fund manager intends to raise is SAR 10 million.In case the minimum amount israised, the fund manager canclosethe offering at an earlier date.
The Capital Market Authority (CMA) approved Yaqeen Capital’s request to offer units of Yaqeen SP ESG MENA ETF on the market last April.
Fund Profile
Fund
Yaqeen SP ESG MENA ETF
Fund type
Open-ended and public ETF, Shariah-compliant, main market listed.
Investment objectives
Match index performance through passive stock management
Fund’s Currency
SAR
Minimum Limit for Subscription during the Offering Period
SAR 10 million
Unit price
SAR 10
Number of Units Offered
1 mlm units
Percentage of Units Offered
100%
Offering Start Date:
May 12, 2024
Offering End Date:
May 30, 2024
Min Subscription/Redemption:
25,000 units (SAR 250,000)
Duration
Open-ended
Benchmark
SP Arab ESG Shariah Composite Index (USD)
Fees
N/A
Target Investors
Individuals, institutions, government entities; passive investment in high-rated ESG, Shariah firms
Management Fee
0.5% of the fund’s net asset value annually, paid quarterly to the fund manager as dues.
The fund intends to invest 95% of its net assets in stocks compliant with Shariah standards across markets in Bahrain, Egypt, Jordan, Oman, Qatar, Saudi Arabia, Tunisia, and the UAE, as part of the benchmark index portfolio.
It will keep up to 5% of its net assets in cash to cover operational expenses.
The fund aims to track the index’s performance with a maximum annual deviation of 2%, considering factors like income and expenses. However, there is no guarantee that the fund manager will perfectly match the index’s performance.
Investment Percentage*
Investment type
Minimum
Maximum
Shares of Shariah-compliant companies listed in Middle East and North Africa markets.
95%
100%
Cash
—
5%
Fund Information
Fund Manager
Yaqeen Capital
Custodian
Riyad Capital
Receiving Banks
Yaqeen Capital
