Albilad Saudi Growth posts SAR 1.3 mln H1 profit

Albilad Capital reported a net profit of SAR 1.3 million for the first half of 2024 for its Albilad MSCI US Technology Equity ETF, according to preliminary financial statements released on Thursday.

The fund’s net assets stood at SAR 16.83 million, with total expenses and fees amounting to SAR 673,000. The number of outstanding units at the end of the period was 1.6 million, with a net asset value per unit of SAR 10,521. The fund achieved a return of 5.81% for the period.