Subscription opens for Al Rajhi MSCI Saudi Equity ETF

Logo of Al Rajhi Capital

Subscription to units of the Al Rajhi MSCI Saudi Equity ETF on the Saudi Exchange's main market opens on Aug. 3 and will remain open for 30 business days, closing on Sept. 14, 2026.

The fund's minimum launch size is SAR 10 million. If the minimum amount is not raised during the initial offering period, the fund manager will refund subscription proceeds to unitholders, along with any returns generated from investing those funds, without any deductions.

The Al Rajhi MSCI Saudi Equity ETF is a public, open-ended exchange-traded fund (ETF) that complies with Shariah standards approved by the fund's Shariah Supervisory Committee. It aims to track and replicate the performance of the MSCI Saudi Arabia Islamic Index, which primarily invests in large-, mid-, and small-cap Saudi-listed companies, before fees and expenses.

The fund seeks capital growth through passive management of a portfolio of Shariah-compliant Saudi equities listed on the Saudi Exchange's Main Market (TASI) and Nomu, aiming to closely match the benchmark index while minimizing tracking error. At least 95% of the fund's net asset value (NAV) will be invested in these equities.

Up to 5% of NAV may be invested in investment-grade money market transactions with counterparties regulated and licensed by the Saudi Central Bank (SAMA) or an equivalent foreign regulator, as well as Capital Market Authority-licensed money market funds, including those managed by the fund manager, for liquidity management and to meet fund expenses and liabilities.

The fund targets retail and institutional investors seeking passive exposure to Saudi equities, subject to the fund's suitability requirements, investment objectives, and associated risks.