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Objective
The Saudi Opportunities Fund is an open-ended, Sharia-compliant investment fund that seeks to achieve long-term capital appreciation by primarily investing in equities listed on the Saudi Stock Exchange. The Fund focuses on companies that are constituents of the S&P Saudi Sharia Index, which also serves as its performance benchmark. The Fund is denominated in Saudi Riyals, offers daily liquidity, and follows an accumulation strategy, reinvesting all profits and dividend income to support capital growth.
Fund Board members & Sharia Committee
Daniel Asmar Read Bio
Abdulilah Hamad Bin Hassan Read Bio
Khalid A. Aljaber Read Bio
Fund Board Core Responsibilities
| Strategy & Oversight | - Approve the Fund’s investment strategy and key fund documents (Mainly Fund’s Terms & Conditions). - Provide strategic guidance to the Fund Manager - Monitor the Fund’s performance and asset allocation. - Ensure the Fund is managed in the best interests of unitholders. |
| Compliance, Risk, and Governance | - Ensure compliance with CMA regulations, Shariah principles, and legal obligations. - Identify, evaluate, and address conflicts of interest involving the Fund Manager or related parties. |
| Meetings & Accountability | - Hold regular meetings and maintain clear documentation of decisions. - Review reports submitted by the Fund Manager. |
Investment Process
The Fund primarily invests in equities of companies listed on the Saudi Exchange, as well as in tradable index funds listed on the exchange. The Fund participates in local public initial offerings (IPOs), where such opportunities align with its investment strategy and Sharia guidelines.
To manage liquidity, the Fund may allocate a portion of its assets to Sharia-compliant money market funds. In selecting such instruments, the Fund Manager will act in the best interest of unit holders and in accordance with the Fund’s investment objectives.
The Fund Manager may retain up to 50% of the Fund’s assets in cash to preserve capital and manage risk.
Terms of the Fund
| Fund Manager | Audi Capital |
| Type | Open-ended, Sharia-compliant investment fund |
| Category | Stock Local Islamic |
| Classification | Growth |
| Duration | No fixed maturity date |
| Liquidity | Daily |
| Benchmark | S&P Saudi Equities Sharia Index |
| Administrator | HSBC Saudi Arabia Limited |
| Custodian | HSBC Saudi Arabia Limited |
| Currency | Saudi Riyal: |
| CMA Approval Date | 15 April 2015 |
| Inception Date | 1 June 2015 |
Capital Markets
| Name | UnitPrice | YTDChange | ValuationDate |
|---|---|---|---|
| AUDI Freestyle Saudi Equity Fund | 17.3249 | -4.90 | 06/03/2025 |
Fund Performance
| Year | YTD *
(as of May, 20) |
|---|---|
| 2025 | 3.05% |
| 2024 | 6.04% |
| 2023 | 21.81% |
| 2022 | -7.32% |
| 2021 | 33.58% |
| 2020 | 8.23% |
| 2019 | 9.94% |
| 2018 | 8.87% |
| 2017 | -1.05% |
| 2016 | 5.40% |
| 2015 | -15.68% |
Downloads
Quarterly Report to Unitholders
