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Kamco Invest – Saudi launches two Sharia-compliant funds in the Kingdom
Following the launch of the two funds, Kamco Invest - Saudi manages a total of 3 funds, bringing the Company’s total assets under management to over SAR1bn across funds and portfolios. This launch highlights the Company’s expertise in delivering innovative investment solutions tailored to meet the diverse preferences and aspirations of investors.
Mohammed Al-Faris, Chief Executive Officer of Kamco Invest - Saudi, commented, “The launch of the two new funds marks a milestone in Kamco Invest – Saudi's journey toward achieving its strategic vision of becoming one of the key players in the Saudi financial market. We are committed to providing innovative investment products and services that diversify investment options and enhance investor confidence, in line with the objectives defined under the Saudi Vision 2030.”
The Kamco Freestyle Saudi Equity Fund is an open-ended equity fund focused on Saudi-listed equities on Tadawul and Nomu. It also provides investors with access to initial public offerings (IPOs) and operates strictly in compliance with Sharia principles. The fund employs a flexible investment strategy that aims to capitalize on growth opportunities across various sectors of the Saudi economy while maintaining a balance between high returns and risk management.
Whereas the Kamco SAR Murabaha Fund, also an open-ended public fund, is structured to cater to money market investments, primarily engaging in short-term Murabaha contracts and Sharia-compliant sukuks. The fund’s strategy focuses on providing liquidity and capital preservation, making it a preferred choice for investors seeking stable and secure investment solutions. It offers a balance between consistent returns and robust capital protection.
Al-Faris concluded, “This launch marks the beginning of a new phase of expansion for Kamco Invest – Saudi in the Kingdom. The Company plans to introduce additional investment products across various asset classes in the near future, reinforcing its commitment to delivering innovative financial solutions that cater to a wide spectrum of investors.”