SNB Capital’s Shariah-compliant Saudi Small and Mid-Cap Equity Fund Delivers Strong YTD Performance of more than 40%

SNB Capital is proud of the exceptional performance of its Shariah-compliant Saudi Small and Mid-Cap Equity Fund, holding a stellar performance over the past decade and half. With assets under management (AUM) of around SAR 220 million, the fund has consistently delivered strong returns where its year-to-date (YTD) performance reached more than 40%. Moreover, the fund was recognized as the top performer compared to all categories of other funds; among small and mid-caps, its return came in 18% above peers in the same category for 2023.

The Fund was established in 2008 as an open-ended fund with the primary objective of investing in local small and mid-cap companies listed on the Saudi Exchange – Tadawul across various sectors; namely healthcare, industrial, finance, energy, and technology in efforts to diversify the Kingdom’s economy pushing towards the development of non-oil-and-gas sectors. This investment theme gained further backing by the Kingdom’s vision 2030’s National Transformation Program, which aims to increase small and medium-sized enterprises (SMEs) contribution to GDP from 20% to 35%. 

The Head of Asset Management at SNB Capital, Khaled Albraikan commented:

“Saudi Small & Mid-Cap Equity Fund truly shows the effectiveness of our investment process. With over 15 years of successful track record, this process deploys a fine combination of top-down & bottom-up investment approach, where the Portfolio Managers look for bargains among the ‘stewards of capital’ companies that sustain and accelerate profitable growth”.

Albraikan further elaborated: “The fund’s consistent outperformance also indicates SNB Capital’s team credentials for optimal position sizing and highly efficient execution. The fund utilizes multi-layered controls and oversight to manage risk effectively, with performance stability as the key target. Through this fund, SNB Capital offers its clients a unique exposure to the local economy centric investment opportunities.”

This outstanding performance has garnered the fund over a dozen awards from esteemed organizations such as Argaam and Refinitiv Lipper.

For more information about the Saudi Small and Mid-Cap Equity Fund, please click (here).

About SNB Capital Company

SNB Capital Company, a licensed entity by Capital Market Authority (CMA), is a leading regional financial institution with deep industry expertise across five business lines: Asset Management, Wealth Management, Securities, Investment Banking, and Principal Investment. SNB Capital is the largest asset manager with SAR 230.40 billion of assets under management as of December 2022.