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Riyad Gulf Equity Fund

Do you want to invest in a Fund that purely targets the advantageous Gulf markets?
Then the Riyad Gulf Fund is just what you need, as it invests its assets in a Portfolio of Gulf stocks only, within the criteria set by Islamic laws.

  • Fully Sharia compliant
  • Invest across different sectors within the Gulf region
  • Focuses on companies with strong fundamentals
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Overview

Fund Objectives:

The Fund aims to provide long-term capital growth through investing primarily in Gulf stocks companies in UAE, Kuwait, Bahrain, Qatar, and Oman, within the criteria set by the Sharia Committee of Riyad Capital.

Strategy:

The Fund invests actively its assets in a Portfolio of Gulf stocks and the Fund manager utilizes research tools including company visits and focuses on companies that enjoy strong fundamentals and long-term promising growth. When allocating the assets, the Fund manager considers the relative weights of the companies in the benchmark, risk requirements, market trends, economic and political conditions, in addition to Fund’s objectives.

Riyad Gulf Fund Facts:

  • Launch Date: 14-Feb-2006
  • Fund Currency: Saudi Riyal (SAR)
  • Fund Domicile: GCC Countries
  • Fund Objective: Capital Growth
  • Risk Level: High
  • Fund Classification: GCC Fund - Sharia Compliant
  • Valuation/Dealing Days: Mon-Wed
  • Settlement In: 4 Business Days
  • Sector Focus: Diversified

 

Past performance is not a guarantee of future returns. The value of units, the income from them, the prices and currencies of the funds, can go down as well as up. Investors may get back less than he or she originally invested. Additionally fees shall apply on the fund. Changes in currency rates may have an adverse effect on the value, price or income of the security. To ensure proper understanding of the fund and its suitability for you according to your risk tolerance, we recommend that you seek a specialized investment advisor. More information about the fund is available in the Terms and Conditions applicable to that fund and must be read carefully before investing. While reading the fund’s Terms and Conditions, please refer to the principal risks of investing in the Fund.

Fund Documents

Gulf Equity Funds

Eligibilty

  • Initial Subscription/Minimum Balance:  SAR 5,000
  • Minimum Redemption/Additional: SAR 1,000

How to apply

You can apply through one of the following:

  • Through Riyad Capital Online
  • By visiting the nearest Riyad Capital Center and applying through one of the Customer Service representatives

Announcements




Sunday, 14 January 2024

 Announcement by the Riyad Capital the availability of the quarterly statement of Riyad Gulf Equity Fund for the period ending on 31/12/2023.

The Riyad Capital announces that the quarterly statement of The Riyad Gulf Equity Fund for the period ending on 31/12/2023. A copy of the quarterly statement can be retrieved in Riyad Capital website in the following link:
https://www.riyadcapital.com/ar/asset-management/public-funds/



Wednesday, 27 December 2023
Announcement by Riyad Capital regarding the details of non-fundamental changes to Riyad Gulf Equity Fund

Riyad Capital announces the approval of the Fund’s Board of Directors of a non-fundamental change to Riyad Gulf Equity Fund, such changes will become effective on (29/06/1445 H.), corresponding to (11/01/2024 G.).

The details of the non-fundamental changes are as follows:

  • Appointing a zakat and tax advisor for the fund and adding the related information;
  • Adding regulatory disclosures related to Zakat;  
  • Adding the zakat and tax advisor’s expenses to the schedule of fees and expenses;
  • Reconstitution of the Fund’s Board of Directors

Wednesday, 27 December 2023
Announcement by Riyad Capital regarding an update of the terms and conditions of Riyad Gulf Equity Fund

Riyad Capital announces an update of the terms and conditions of Riyad Gulf Equity Fund, as of (29/06/1445 H.), corresponding to (11/01/2024 G.).

A summary of the main updated items are as follows: 

  • Appointing a zakat and tax advisor for the fund and adding the related information;
  • Adding regulatory disclosures related to Zakat;  
  • Adding the zakat and tax advisor’s expenses to the schedule of fees and expenses;
  • Reconstitution of the Fund’s Board of Directors


The updated terms and conditions can be found in the attached file. Click here


 


Monday, 11 December 2023

Announcement by Riyad Capital regarding a change of the membership of the Board of Directors of Riyad Gulf Equity Fund

Riyad Capital announces a change in the membership of the Board of Directors of Riyad Gulf Equity Fund due to resignation of board member (Mr. Abdulrahman Al-Mashal) (membership status: Dependent), from (07/04/1445 H.), corresponding to (22/10/2023 G.), and appointment of board member (Mr./ Abdullah Alshubaily), (membership status: Independent), from (09/04/1445 H.), corresponding to (24/10/2023 G.). The formation of the Board of Directors, after the change, shall be:

  1. (Mr./ Raed Albarakati), (membership status: Dependent)
  2. (Mr./ Abdullah AlFaris), (membership status: Dependent)
  3. (Mrs./ Amal Alahmad), (membership status: Dependent)
  4. (Mr./ Abdullah Alshubaily), (membership status: Independent)
  5. (Mr./ Faisal AlMekanzi), (membership status: Independent)
  6. (Mr./ Sattam Al Suwailem), (membership status: Independent)

12/10/2023
Announcement by the Riyad Capital the availability of the quarterly statement of Riyad Gulf Equity Fund for the period ending on 30/09/2023.

The Riyad Capital announces that the quarterly statement of The Riyad Gulf Equity Fund for the period ending on 30/09/2023. A copy of the quarterly statement can be retrieved in Riyad Capital website in the following link:
https://www.riyadcapital.com/ar/asset-management/public-funds/




09/08/2023
Announcement by The Riyad Capital for providing the public with the interim financial statements of TheRiyad Gulf Equity Fundfor the period ending on 30/06/2023 are available to the public.

 

The Riyad Capital announces that the interim financial statements of TheRiyad Gulf Equity Fundfor the period ending on 30/06/2023. The following is the summary of the interim financial results of the period:

- Net assets on the end of period of (143,303,511) (SAR).

- Total expenses and fees for the period (1,787,206) (SAR).

- Net profit (loss) for the period of (2,927,444) (SAR).

-Number of outstanding units in the end of period (10,388,268.97) (units).

-Net asset value for the unit in 13.79 (SAR)

- Revenue of the period -2.79%.

 
 

12/07/2023
Announcement by the Riyad Capital the availability of the quarterly statement of Riyad Gulf Equity Fund for the period ending on 30/06/2023.

 

The Riyad Capital announces that the quarterly statement of The Riyad Gulf Equity Fund for the period ending on 30/06/2023. A copy of the quarterly statement can be retrieved in Riyad Capital website in the following link:

https://www.riyadcapital.com/ar/asset-management/public-funds/



Thursday, April 13, 2023

Announcement by the Riyad Capital the availability of the quarterly statement of Riyad Gulf Equity Fund for the period ending on 31/03/2023..

 

The Riyad Capital announces that the quarterly statement of The RiyadGulf Equity Fund for the period ending on 31/12/2022. A copy of the quarterly statement can be retrieved in Riyad Capital website in the following link:

https://www.riyadcapital.com/ar/asset-management/public-funds/


Thursday, March 30, 2023

Announcement by The Riyad Capital that The Riyad Gulf Equity Fund annual reports, including the annual audited financial statements, for the period ended on 31/12/2022 are available to the public

 

The Riyad Capital announces that The Riyad Gulf Equity Fund annual reports, including the annual audited financial statements, for the period ended on 31/12/2022.

Net assets on the end of period of (147,136,965) SAR.

Total expenses and fees for the year/period ( -4,523,983) SAR.

Net profit (loss) for the year/period of 8,282,907 SAR.

Number of outstanding units at the end of period (10,453,583.49) (units)

Net asset value for the unit in 14.08  SAR.

Revenue of the period 1.28% .

 

Thursday, January 12, 2023

Announcement by the Riyad Capital the availability of the quarterly statement of Riyad Gulf Equity Fund for the period ending on 31/12/2022.

 

The Riyad Capital announces that the quarterly statement of The RiyadGulf Equity Fund for the period ending on 31/12/2022. A copy of the quarterly statement can be retrieved in Riyad Capital website in the following link:

https://www.riyadcapital.com/ar/asset-management/public-funds/
Thursday, December 15, 2022

Announcement by Riyad Capital regarding the update of the terms and conditions of Riyad Gulf Equity Fund

 

Riyad Capital announces an update of the terms and conditions of Riyad Gulf Equity Fund, as of (22/02/1444H.), corresponding to (15/01/2023G.).

 

A summary of the main update items are as follows:

  • Changing the composition of the fund's board of directors
  • Changing the dealing and valuation days

The updated terms and conditions can be found in the attached file:Click here

 
 

Thursday, December 15, 2022

 

Announcement by Riyad Capital regarding the details of non-fundamental changes to Riyad Gulf Equity Fund

Riyad Capital announces the approval of the Fund’s Board of Directors of a non-fundamental change to Riyad Gulf Equity Fund, such changes will become effective on (22/02/1444 H.), corresponding to (15/01/2023 G.).

The details of the non-fundamental changes are as follows:
-    Changing the dealing and valuation days

 
 

Thursday, December 15, 2022

 

Announcement by Riyad Capital regarding a change of the membership of the Board of Directors of Riyad Gulf Equity Fund

Riyad Capital announces a change in the membership of the Board of Directors of Riyad Gulf Equity Fund due to appointment of board member (Mr. Faisal AlMekanzi) (membership status: Independent), from (04/05/1444 H.), corresponding to (28/11/2022 G.). The formation of the Board of Directors, after the change, shall be:

1.    (Mr./ Raed Albarakati), (membership status: Dependent)
2.    (Mr./ Abdulrahman Al-Mashal), (membership status: Dependent)
3.    (Mr./ Abdullah AlFaris), (membership status: Dependent)
4.    (Mrs./ Amal Alahmad), (membership status: Dependent)
5.    (Mr./ Sattam Al Suwailem), (membership status: Independent)
6.    (Mr./ Faisal AlMekanzi), (membership status: Independent)

 
 

Announcement by the Riyad Capital the availability of the quarterly statement of Riyad Gulf Equity Fund for the period ending on 30/09/2022.

 

The Riyad Capital announces that the quarterly statement of The RiyadGulf Equity Fund for the period ending on 30/09/2022. A copy of the quarterly statement can be retrieved in Riyad Capital website in the following link:

https://www.riyadcapital.com/ar/asset-management/public-funds/
 
Announcement by Riyad Capital regarding the update of the terms and conditions of Riyad Gulf Equity Fund

Riyad Capital announces an update of the terms and conditions of Riyad Gulf Equity Fund, as of (19/02/1444 H.), corresponding to (15/09/2022 G.).

 

A summary of the main update items are as follows:

 
  • Amending the fund management to be managed directly by Riyad Capital instead of having a sub-fund manager.
  • Amending the fund managers powers to obtain financing for the fund from 10% to be 15% of the funds net assets, as required by the Investment Funds Regulations.
  • Amending the Sharia Criteria related to investment instruments to determine the Sharia Compliance of the invested assets.
 

The updated terms and conditions can be found in the attached file:Click here

 
Announcement by Riyad Capital regarding a change of the membership of the Board of Directors of Riyad Gulf Equity Fund

Riyad Capital announces a change in the membership of the Board of Directors of Riyad Gulf Equity Fund due to resignation of board member (Dr. Abdulwahab Abu Dahesh) (membership status: Independent) from(08/02/1444H.), corresponding to (04/09/2022 G.), The formation of the Board of Directors, after the change, shall be:

 
  1. Raed Albarakati), (membership status: Dependent)
  2. (Mr./ Abdulrahman Al-Mashal), (membership status: Dependent)
  3. Abdullah AlFaris), (membership status: Dependent)
  4. Amal Alahmad), (membership status: Dependent)
  5. Sattam Al Suwailem), (membership status: Independent)
 
 

Announcement by Riyad Capital regarding the update of the terms and conditions of Riyad Gulf Equity Fund

 

Riyad Capital announces an update of the terms and conditions of Riyad Gulf Equity Fund, as of (27/01/1444H.), corresponding to (25/08/2022G.).

 

A summary of the main update items are as follows:

 
  • Amending the Auditor name in the Fund Summary in the Terms and Conditions
  • Update the summary of financial information of the fund manager in the Terms and Conditions, highlighting, revenues and profits in the preceding financial year.
  • Adding the customer services email for Complaints procedures in the Terms and Conditions
  • Appointment of PricewaterhouseCoopers as an auditor for Riyad Gulf Equity Fund instead of PKF Al-Bassam & Co Chartered Accountants.

The updated terms and conditions can be found in the attached file:Click here


 

Announcement by Riyad Capital regarding the details of non- fundamental changes to Riyad Gulf Equity Fund

Riyad Capital announces the approval of the Fund’s Board of Directors of a non-fundamental change to Riyad Gulf Equity Fund; such change will become effective on (19/02/1444 H.), corresponding to (15/09/2022 G.)”
The details of the non-fundamental change are as follows:
- Amending the fund management to be managed directly by Riyad Capital instead of having a sub-fund manager.
- Amending the fund manager’s powers to obtain financing for the fund from 10% to be 15% of the fund’s net assets, as required by the Investment Funds Regulations.
- Amending the Sharia Criteria related to investment instruments to determine the Sharia Compliance of the invested assets.
 

 
 

Announcement by The Riyad Capital for providing the public with the interim financial statements of The Riyad Gulf Equity Fund for the period ending on 30/06/2022 are available to the public.

The Riyad Capital announces that the interim financial statements of The Riyad Gulf Equity Fund for the period ending on 30/06/2022. The following is the summary of the interim financial results of the period:
- Net assets on the end of period of (154,770,873) (SAR).
- Total expenses and fees for the period (2,357,496) (SAR).
- Net profit (loss) for the period of 14,388,823 (SAR).
- Number of outstanding units in the end of period (10,555,329.47) (units).
- Net asset value for the unit in 14.66 (SAR)
- Revenue of the period 5.68%.
 


 

Announcement by Riyad Capital regarding the details of non-fundamental changes to Riyad Gulf Equity Fund

 

Riyad Capital announces the approval of the Fund’s Board of Directors of a non-fundamental change to Riyad Gulf Equity Fund, such changes will become effective on (27/01/1444 H.), corresponding to (25/08/2022 G.).

 

The details of the non-fundamental changes are as follows:

  • Amending the Auditor name in the Fund Summary in the Terms and Conditions
  • Update the summary of financial information of the fund manager in the Terms and Conditions, highlighting, revenues and profits in the preceding financial year.
  • Adding the customer services email for Complaints procedures in the Terms and Conditions
    Appointment of PricewaterhouseCoopers as an auditor for Riyad Gulf Equity Fund instead of PKF Al-Bassam & Co Chartered Accountants.

 

Announcement by the Riyad Capital the availability of the quarterly statement of Riyad Gulf Equity Fund for the period ending on 30/06/2022.

 

The Riyad Capital announces that the quarterly statement of The RiyadGulf Equity Fund for the period ending on 30/06/2022. A copy of the quarterly statement can be retrieved in Riyad Capital website in the following link:

https://www.riyadcapital.com/ar/asset-management/public-funds/
 
 

Announcement by the Riyad Capital the availability of the quarterly statement of Riyad Gulf Equity Fund for the period ending on 31/03/2022.

 

The Riyad Capital announces that the quarterly statement of The RiyadGulf Equity Fund for the period ending on 31/03/2022. A copy of the quarterly statement can be retrieved in Riyad Capital website in the following link:

https://www.riyadcapital.com/ar/asset-management/public-funds/
 
 

Announcement by The Riyad Capital that The Riyad Gulf Equity Fund annual reports, including the annual audited financial statements, for the period ended on 31/12/2021 are available to the public

 

The Riyad Capital announces that The Riyad Gulf Equity Fund annual reports, including the annual audited financial statements, for the period ended on 31/12/2021.

Net assets on the end of period of (225,873,272) SAR.

Total expenses and fees for the year/period ( --5,240,665) SAR.

Net profit (loss) for the year/period of (56,058,201) SAR.

Number of outstanding units at the end of period (16,075,970.88) (units)

Net asset value for the unit in 14.05 SAR.

Revenue of the period 29.72% .


 

Announcement by Riyad Capital regarding an updateof the terms and conditions of Riyad Gulf Equity Fund

 

Riyad Capital announces an update of the terms and conditions of Riyad Gulf Equity Fund as of (28/07/1443 H) corresponding to (01/03/2022 G.) A summary of the main updated items are as  follows:

  • Update terms & conditions according to the updated investment fund regulations  
  • Change fund board members
 
Announcement by Riyad Capital regarding a change of the membership of the Board of Directors of Riyad Gulf Equity Fund

Riyad Capital announces a change in the membership of the Board of Directors of Riyad Gulf Equity Fund due to resignation of board member (Mr. Adel Ibrahim Al-Ateeq) (membership status: Dependent), and the resignation of board member (Mr. Farraj Saad Al-Qabani) (membership status: Dependent) and the resignation of board member (Mr. Haytham Al-Kowaileet) (membership status: Dependent) from (03/06/1443 H.), corresponding to (06/01/2022 G.), and appointment of board member (Mr./ Raed Albarakati), (membership status: Dependent),  and appointment of board member (Mr./ Abdulrahman Al-Mashal), (membership status: Dependent), and appointment of board member (Mr./ Abdullah AlFaris), (membership status: Dependent) from (12/07/1443 H.), corresponding to (13/02/2022 G.). The formation of the Board of Directors, after the change, shall be:

1.    (Mr./ Raed Albarakati), (membership status: Dependent)
2.    (Mr./ Abdulrahman Al-Mashal), (membership status: Dependent)
3.    (Mr./ Abdullah AlFaris), (membership status: Dependent)
4.    (Mrs./ Amal Alahmad), (membership status: Dependent)
5.    (Dr./ Abdulwahab Abu Dahesh), (membership status: Independent)
6.    (Mr./ Sattam Al Suwailem), (membership status: Independent)
 
Announcement by the Riyad Capital the availability of the quarterly statement of Riyad Gulf Equity Fund for the period ending on 31/12/2021.

The Riyad Capital announces that the quarterly statement of The RiyadGulf Equity Fund for the period ending on 31/12/2021. A copy of the quarterly statement can be retrieved in Riyad Capital website in the following link:

https://www.riyadcapital.com/ar/asset-management/public-funds/
 

Announcement by the Riyad Capital the availability of the quarterly statement of Riyad Gulf Equity Fund for the period ending on 30/09/2021.

 

The Riyad Capital announces that the quarterly statement of The RiyadGulf Equity Fund for the period ending on 30/09/2021. A copy of the quarterly statement can be retrieved in Riyad Capital website in the following link:

https://www.riyadcapital.com/ar/asset-management/public-funds/
 
 

Announcement by The Riyad Capital for providing the public with the interim financial statements of TheRiyad Gulf Equity Fundfor the period ending on 30/06/2021 are available to the public.

 

The Riyad Capital announces that the interim financial statements of The Riyad Gulf Equity Fund for the period ending on 30/06/2021. The following is the summary of the interim financial results of the period:

- Net assets on the end of period of (220,960,094) (SAR).

- Total expenses and fees for the period (2,510,008) (SAR).

- Net profit (loss) for the period of 34,213,875 (SAR).

- Number of outstanding units in the end of period (17,292,959.96) (units).

- Net asset value for the unit in 12.78 (SAR)

- Revenue of the period 18.29%.


Announcement by the Riyad Capital the availability of the quarterly statement of Riyad Gulf Equity Fund for the period ending on 30/06/2021.

The Riyad Capital announces that the quarterly statement of The RiyadGulf Equity Fund for the period ending on 30/06/2021. A copy of the quarterly statement can be retrieved in Riyad Capital website in the following link:

https://www.riyadcapital.com/ar/asset-management/public-funds/


 

Riyad Capital announces the details of notifiable changes to Riyad Gulf Equity Fund.

 

Riyad Capital announces the details of notifiable changes to RiyadGulf Equity Fund, such changes will become effective on 23/08/1442H. corresponding to 05/04/2021G.

Details of the notifiable changes are: (Changing the custodian to HSBC Saudi Arabia, the custody fees, and the address of the fund manager)

 
 

Riyad Capital announcement availability of the annual report of Riyad Gulf Equity Fund including the audited annual financial results for the year ended 31/12/2020.

 

Riyad Capital announces that Riyad Gulf Equity Fund `s annual audited results are available to the public. The following is a summary of the annual financial results for the period ended on 31/12/2020.

  • Net Asset Value at the end of the period (183,231,072)SAR.
  • Total Expenses and Fees for the Year (-3,924,893) SAR.
  • Net Income for the Year (4,833,296)
  • Net Asset Value per unit: 10.79 SAR
  • Number of Units (16,986,506.27)
  • Total returns for the period: 2.63%
 

for further details on the Annual Report and the Annual Financial Results, please visit

https://www.riyadcapital.com/ar/asset-management/public-funds/equity-funds/riyad-gulf-equity-fund


 

Riyad Capital announces the appointment of HSBC Saudi Arabia as a Custodian for Riyad Gulf Equity Fund.

 

Riyad Capital announces the appointment of HSBC Saudi Arabia as a Custodian for Riyad Gulf Equity Fund effective Monday 23/08/1442H. corresponding to 05/04/2021G.

 
 

Riyad Capital announces the availability of Riyad Gulf Equity Fund semiannual reports including semiannual financial statements reviewed for the period ended 30/06/2020 to the public.

 

Riyad Capital   announces the availability of semiannual reports. The following is a summary of the semiannual financial results for the period ended 30/06/2020:

- Net assets at the end of the period 152,393,952 SAR

- Total expenses and fees for the period (1,762,820) SAR

- Net profit / (loss) for the period ( 22,139,853) SAR

- Number of units at the end of the period 16,586,319.69 units

- Net unit value of  9.19 SAR

- Return of period- 12.27%

Please Find the report at the below link:

http://www.riyadcapital.com/en/asset-management/public-funds/equity-funds/


 

Riyad Capital announcement availability of the annual report of Riyad Gulf Equity Fund including the audited annual financial results for the year ended 31/12/2019.

 

Riyad Capital announces the availability of audited annual results for the year ended 31/12/2019.

Here is the summary of results:

 

Net Asset Value at the end of the period172,478,862 SAR.

Total Expenses and Fees for the Year (-3,777,484) SAR.

Net Income for the Year15,751,104

Net Asset Value per unit:  10.52 SAR

Number of Units16,395,804.04

Total returns for the period: 10.00%

 

for further details on the Annual Report and the Annual Financial Results, please visit

http://www.riyadcapital.com/ar/asset-management/public-funds/equity-funds/


 

Riyad Capital announces the availability of Riyad Gulf Equity Fund semiannual reports including semiannual financial statements reviewed for the period ended 30/06/2019 to the public.

 

Riyad Capital announces the availability of semiannual reports. The following is a summary of the semiannual financial results for the period ended 30/06/2019:

- Net assets at the end of the period 169,620,452 SAR

- Total expenses and fees for the period (1,807,119) SAR

- Net profit / (loss) for the period  9,038,526  SAR

- Number of units at the end of the period 16,772,852.49 units

- Net unit value of  10.11  SAR

- Return of period 5.70 %

Please click here to view the report
 

Riyad Capital announces the availability of Riyad Gulf Equity Fund semiannual reports including semiannual financial statements reviewed for the period ended 30/06/2018 to the public.

Riyad Capital  announces the availability of semiannual reports. The following is a summary of the semiannual financial results for the period ended 30/06/2018:

  • Net assets at the end of the period 221,165,681 SAR
  • Total expenses and fees for the period (2,567,182) SAR
  • Net profit / (loss) for the period ( 9,599,060) SAR
  • Number of units at the end of the period 23,043,579.33 units
  • Net unit value of  9.5977  SAR
  • Return of period -3.30 %

Please Find the report at the below link:

http://www.riyadcapital.com/en/asset-management/public-funds/equity-funds/

Rates & Fees

  • Annual management fee: 1.85%
  • Front end fee = 2.0%

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