National Metal Manufacturing and Casting Co 21.7 Knowledge Economic City 14.78 Rabigh Refining and Petrochemical Co 11.06 Mobile Telecommunication Company Saudi Arabia 13.74 Batic Investments and Logistics Co 23.4 Herfy Food Services Co 35.95 Halwani Bros Co 62.1 Tihama Advertising and Public Relations Co 18.98 Alinma Bank 32.3 Gulf Insurance Group 29.7 Qassim Cement Co 76.1 Salama Cooperative Insurance Co 21.46 Nama Chemicals Co 35.95 Dar Alarkan Real Estate Development Co 15.44 Middle East Specialized Cables Co 16.34 Saudi Basic Industries Corp 89.4 Makkah Construction and Development Co 72.4 Alujain Corp. 42.45 United International Transportation Co 65.8 Anaam International Holding Group 25.85 Bank Albilad 38.2 CHUBB Arabia Cooperative Insurance Co 21.1 Saudi Cement Co 58.4 Allianz Saudi Fransi Cooperative Insurance Co 16.9 Arabian Pipes Co 61.2 Methanol Chemicals Co 25.25 Saudi Telecom Co 41.6 Abdulmohsen Alhokair Group for Tourism and Development 27.8 Jabal Omar Development Co 25.98 Saudi Automotive Services Co 48.4 Al-Rajhi Company for Cooperative Insurance 120.6 Yamama Cement Co 35.05 Saudi Electricity Co 22.3 United Cooperative Assurance Co 9.58 Saudi Kayan Petrochemical Co 13.22 The National Company for Glass Industries 32.95 Fawaz Abdulaziz Alhokair Co 16.24 Saudi Steel Pipe Co 25 Al Rajhi Bank 72.3 Arabian Cement Co 37.8 Arab National Bank 26 Malath Cooperative Insurance Co 18.22 Jazan Energy and Development Co 14.84 Al Sagr Cooperative Insurance Co 19.2 AYYAN Investment Co. 18.86 Red Sea International Co 25.5 National Shipping Company of Saudi Arabia 30.8 Jarir Marketing Co 162.2 Bupa Arabia for Cooperative Insurance Co 169.2 Hail Cement Co 12.84 The Company for Cooperative Insurance 116.4 Al-Etihad Cooperative Insurance Co 18.36 Advanced Petrochemical Co 44.75 Saudi Industrial Development Co 13.34 United Wire Factories Co 27.3 Emaar The Economic City 9.13 Yanbu National Petrochemical Co 42.55 Saudi Real Estate Co 14.2 National Gypsum Co 25.5 Fitaihi Holding Group 34.5 Saudi Reinsurance Co. 17.98 Al-Jouf Agricultural Development Co 55.8 Arabia Insurance Cooperative Co 12.96 Al-Babtain Power and Telecommunication Co 25.75 Saudi Advanced Industries Co 29.25 Saudi Research and Media Group 191.4 Dur Hospitality Co 28.2 Tourism Enterprise Co 17.26 Banque Saudi Fransi 38.7 Ash-Sharqiyah Development Co 23.6 Allied Cooperative Insurance Group 17.88 Sahara International Petrochemical Co 36.25 Saudia Dairy and Foodstuff Co 285.2 Mouwasat Medical Services Co 229.8 Abdullah Al Othaim Markets Co 133.6 Thimar Development Holding Co. 34.85 Saudi Fisheries Co 29.95 Saudi Paper Manufacturing Co 32.2 YAQEEN PETROCHEMICAL ETF 35.65 YAQEEN Saudi Equity ETF 47.25 Al Jouf Cement Co 13.14 Tabuk Cement Co 16.18 Wafrah for Industry and Development 36.3 National Industrialization Co 15.02 Arriyadh Development Co 20.74 Saudi Investment Bank 16.92 Tabuk Agricultural Development Co 18.3 Eastern Province Cement Co 46 Saudi Industrial Investment Group 25.76 Savola Group 36.7 Saudi Industrial Export Co 35.15 Bank Aljazira 17.72 Zamil Industrial Investment Co 19.62 Al Hassan Ghazi Ibrahim Shaker 26.35 Naseej International Trading Co. 49.8 Astra Industrial Group 75.5 Saudi Arabian Mining Co 63 Al-Baha Investment and Development Co 17.04 Basic Chemical Industries Co 39 Alkhaleej Training and Education Co 23.72 Amana Cooperative Insurance Co 12.54 Riyad Bank 32.9 Al Gassim Investment Holding Co 24.66 Taiba Investments Co 29.55 Buruj Cooperative Insurance Co 20.38 Yanbu Cement Co 39.3 Arabian Shield Cooperative Insurance Co 17.92 Saudi Chemical Co 34.1 Saudi Arabia Refineries Co 88.3 Etihad Atheeb Telecommunication Co 61.3 Saudi Industrial Services Co 28.85 Kingdom Holding Co 7.93 Wataniya Insurance Co 17 National Agricultural Development Co 32.1 Sinad Holding Co. 13.26 Saudi Arabian Cooperative Insurance Co 14.1 Southern Province Cement Co 53.8 Walaa Cooperative Insurance Co 16.38 Alinma Tokio Marine Co 18.38 Saudi Airlines Catering Co 85.5 Seera Group Holding 25.35 Saudi Enaya Cooperative Insurance Co 13 Takween Advanced Industries Co 9.99 United Electronics Co 72.2 SAB Invest MSCI Tadawul 30 Saudi ETF 44.9 Northern Region Cement Co 12.66 City Cement Co 24.46 Dallah Healthcare Co 164 Saudi Marketing Co 27.15 Umm Al-Qura Cement Co 19.14 Middle East Healthcare Co 57.5 National Company for Learning and Education 110 Alandalus Property Co 18.38 Leejam Sports Co 123.6 Al Moammar Information Systems Co 132.2 Arabian Centres Co 21.88 Maharah Human Resources Co 64.4 Al Kathiri Holding Co 3.45 Thob Al Aseel Co. 46.65 Abdullah Saad Mohammed Abo Moati for Bookstores Co 34.9 Raydan Food Co 29.5 Baazeem Trading Co 71.2 Saudi Arabian Oil Co 31.8 Lazurde Company for Jewelry 14.78 Ataa Educational Co 66.8 ALBILAD Saudi Sovereign Sukuk ETF 8.7 Dr. Sulaiman Al Habib Medical Services Group 274 Albilad Gold ETF 10.56 Arab Sea Information System Co 81.6 Sumou Real Estate Co 53.3 Amlak International Finance Co. 15.32 Al-Omran Industrial Trading Co 78.8 National Medical Care Co 108 Al Yamamah Steel Industries Co 25.7 Aljazira Takaful Taawuni Co 19.8 Bawan Co 34.2 Al Hammadi Holding 53.3 Middle East Paper Co 34.7 Saudi Ground Services Co 33.9 National Building and Marketing Co 223 The Saudi National Bank 37.6 Electrical Industries Co 42 Saudi Company for Hardware 34.3 Zahrat Al Waha for Trading Co 39.1 Al Alamiya for Cooperative Insurance Co 16.04 Najran Cement Co 14.88 Saudi Public Transport Co 17.48 Almarai Co 55.9 Al Khabeer Diversified Income Traded Fund 6.85 Arabian Contracting Services Co. 137.4 Advance International Company for Communication and Information Technology 89 AME Company for Medical Supplies. 40.7 Alwasail Industrial Co. 22.3 East Pipes Integrated Company for Industry 66.7 Sadr Logistics Co. 41.35 Theeb Rent a Car Co 76 Fesh Fash Snack Food Production Co. 149.4 Mohammed Hasan AlNaqool Sons Co. 58 Tanmiah Food Co. 134.6 Alhasoob Co. 221.4 Development Works Food Co. 164 Saudi Azm for Communication and Information Technology Co. 244 Elm Co. 461.6 Aljouf Mineral Water Bottling Co. 28.9 Albilad MSCI US Equity ETF 10.14 Nahdi Medical Co. 172.6 Natural Gas Distribution Co. 50.5 Banan Real Estate Co. 63 Shatirah House Restaurant Co. 83 Jahez International Company for Information System Technology 513.2 Scientific and Medical Equipment House Co. 72.8 Saudi Parts Center Co. 64.2 Obeikan Glass Co. 74.2 Arabian Internet and Communications Services Co. 288.8 ACWA POWER Co. 154.2 Gas Arabian Services Co. 69 Arabian International Healthcare Holding Co. 41.35 Aldawaa Medical Services Co. 88.5 Alkhorayef Water and Power Technologies Co. 157.6 Watani Iron Steel Co. 55.9 MOBI Industry Co. 60.8 Almasane Alkobra Mining Co. 78.9 Riyadh Cement Co. 31 Canadian Medical Center Co. 43.85 Group Five Pipe Saudi Co. 20.78 Nayifat Finance Co. 20 Saudi Tadawul Group Holding Co. 160.2 Almunajem Foods Co. 66.2 Filing and Packing Materials Manufacturing Co 42.3 Saudi Printing and Packaging Co 17.84 Saudi British Bank 37.3 Gulf Union Alahlia Cooperative Insurance Co. 10.86 National Gas and Industrialization Co 60.4 Etihad Etisalat Co 43.15 Aldrees Petroleum and Transport Services Co 112.8 BinDawood Holding Co. 70 The Mediterranean and Gulf Insurance and Reinsurance Co 9.37 Saudi Ceramic Co 32.45 SABIC Agri-Nutrients Co. 129.2 Saudi Vitrified Clay Pipes Co 47.5 Saudi Arabian Amiantit Co 42.2 Al Abdullatif Industrial Investment Co 19.32 Saudi Pharmaceutical Industries and Medical Appliances Corp 36.95 Gulf General Cooperative Insurance Co 8.46 Alkhabeer Growth and Income Traded Fund 6.61 National Environmental Recycling Co. 7.61 Ladun Investment Co. 18.88 SHL Finance Co. 19.58 Aqaseem Factory for Chemicals and Plastics Co. 55.5 Arabian Food and Dairy Factories Co. 104 Academy of Learning Co. 75.6 Retal Urban Development Co. 11.6 Keir International Co. 53.5 Alamar Foods Co. 135.2 Saudi Networkers Services Co. 57 Future Care Trading Co. 1430.2 The Power and Water Utility Company for Jubail and Yanbu 61.2 8.91 Molan Steel Co. 43 Leen Alkhair Trading Co. 63.8 Bena Steel Industries Co. 41.5 Mayar Holding Co. 72.8 Meyar Co. 89.5 Sure Global Tech Co. 62.4 Knowledge Tower Trading Co. 71.5 Americana Restaurants International PLC. 4.06 Ghida Alsultan for Fast Food Co. 73.3 AlSaif Stores for Development and Investment Co. 95.9 Saudi Aramco Base Oil Co. 133.2 Saudi Top for Trading CO. 93.5 Alqemam for Computer Systems Co. 66.1 Waja Co. 119.2 Horizon Food Co. 57.7 Knowledge Net Co. 37 Foods Gate Trading Co. 79.2 Saudi Lime Industries Co. 14.4 Edarat Communication and Information Technology Co. 374.2 Abdulaziz and Mansour Ibrahim Albabtin Co. 49.5 Perfect Presentation for Commercial Services Co. 229.4 Albilad MSCI US Tech. ETF 11.16 Naba Alsaha Medical Services Co. 62.6 Arabian Drilling Co. 159 Riyadh Cables Group Co. 60.8 Nofoth Food Products Co 168.8 Balady Poultry Co. 140.6 Naqi Water Co. 93.4 Rawasi Albina Investment Co. 65 International Human Resources Co. 60.2 Arabian Plastic Industrial Co. 36


What is the idea of Albilad MSCI US Equity  ETF?​

It is an open-ended public traded investment fund, compliant with the regulations of the Sharia Board, that provides an opportunity for traders in the Saudi market wishing to invest in the US stock market easily.

What is the Fund's objective?

The Fund aims to track and simulate the performance of the "MSCI Islamic Index A Series" which is designed to measure the performance of the large and mid cap segments of the US market that are compliant with the regulations of the Sharia Board. before calculating any distributions, fees, or expenses.

What is the added value?

Investing in Shariah compliant stocks in the US market is easy by tracking the performance of the MSCI Islamic Index A Series in a convenient way.

What is the Fund duration?

There will be no fixed term for the Fund and no maturity date.

What is the minimum purchase amount for the Fund's units?

 There is no minimum to purchase units from the market.

What is the nominal unit value?

The nominal value of the unit at the Fund inception is 10 Saudi riyals.

How much are the subscription fees?

There are no subscription fees.

Can individuals and companies invest in the Fund?

Yes, buying and trading units are available for individuals and companies.

How are units purchased and traded after the Fund initial offering period?

Since the Fund is traded and listed on the Saudi stock market, the Fund's units are traded by executing the buy and sell transactions of these units in the Saudi Stocks Exchange (Tadawul) through Albilad Capital or any other licensed broker in the market.

What are the documents required to open an Investment Account?

If you have a current account with Bank Albilad, What is required is only the National ID Card for Saudis, passport and ID for GCC nationals, passport and Resident ID for non-Saudis, in addition to filling and signing an investment account agreement form electronically.

For more information, please call Albilad Capital (92000 3636)​

How are the Fund's assets valued?

The Fund has two valuation points:

The Fund's net asset value per unit at the end of the day (NAV): by calculating the total value of the Fund's assets based on the daily closing prices in the US market and the available cash component, deducting the fees due and dividing the result by the number of existing units. The Fund's assets are evaluated on the official working days of the Saudi market, and the announcement is made before the start of the Fund's trading in the Saudi market, and when that day is not a working day for the Saudi market, the evaluation will be the next working day for the Saudi market. For example, the evaluation of unit prices for Thursday of each week will depend on the closing prices of the preceding Wednesday for the US stock market, and the evaluation of unit prices for Sunday of each week will depend on the closing prices of the preceding Friday for the US stock market.

The Fund's indicative net asset value per unit (iNAV): It will be announced during the trading hours of the Saudi market. The indicative net asset value of the Fund unit (iNAV) is calculated by calculating the total value of the Fund's assets according to the latest price and the available cash component, then the accumulated expenses are deducted as at the end of the last working day for the Saudi market, and the result is divided by the number of existing traded units. The Fund's indicative net asset value for the unit will not change during trading in the Saudi market due to the non-overlap of working hours between the two markets, and if there is an overlap between the two markets, the Fund's indicative net asset value (iNAV) will be updated. For example, the indicative asset value of the unit (iNAV) for Thursday of each week will depend on the closing prices of the companies for the previous Wednesday for the US stock market, and the value of the indicative assets for the unit (iNAV) for Sunday of each week will depend on the closing prices of the previous Friday for the US stock market.

The indicative net asset value of the unit will be announced on the Fund manager's website and the website of the Saudi Exchange (Tadawul) The accurate and updated information of the registered unit holders will be kept at the Securities Depository Center (Edaa).

Can unit holders view the Fund's performance?

Unit holders reports as well as the annual and preliminary reports will be made available on Albilad Capital website and Tadawul website

Does the Fund pay Zakat?

The Fund will not pay any Zakat due on behalf of the Unitholders

The unit holder is responsible for paying the Zakat from the value of his units.

Does the Fund pay any dividends?

The Fund will not distribute any cash dividends to the investors but will reinvest the dividends resulting from investing in the Fund's assets.

What is an Exchange Traded Fund (ETF)?

These are mutual funds that follow an index and are divided into equal units that are traded in the financial market during trading periods. These funds combine the advantages of both mutual funds and listed equities.

What are the characteristics of ETFs?

• Flexibility: ETFs are clearly characterized by their systems and the ease of dealing with their units - both buying and selling - similar to shares listed on the stock market.

• Transparency: Securities data included in ETFs and iNAVs can be provided.

• Liquidity: The market maker provides buy and sell offers to enhance liquidity.

•  Cost: The Fund provides a lower cost compared to other Funds.

How are ETFs traded?

Investors can trade ETFs like any security by contacting any licensed  market brokers. These units are created and redeemed by the market maker or any licensed entity.

What is the unit price setting mechanism for ETFs?

The market maker provides buy and sell prices for ETF units close to the Indicative Net Asset Value (iNAV).

How can I invest in ETFs?

Just like investing in stocks, there are two ways to invest in ETFs:

First: In the initial public offering (IPO) stage when ETF managers offer units of the ETF.

Second: through the financial market Tadawul (secondary market) after the units of the Fund are traded in the market, through buying and selling of units from the unit holders or the market maker.

Who is issuing ETFs units?

Capital Market Institutions (CMI's) licensed by the Capital Market Authority.

Are ETFs limited to stocks only?

ETFs are not limited to stocks, but may include Sukuk or commodity such as gold and silver.

Are there limits to the ownership of ETFs?

ETFs are not subject to certain ownership limits as in stocks.

Is there a minimum or maximum number of units that an investor can buy or sell in ETFs?

The minimum number of units that an investor can buy through the traded Funds market is one unit, while the process of creating units is subject to the terms and conditions of the Fund itself.

What is the trading commission for ETFs?

Trading commission for ETFs is identical to the stock market commission. This commission is 15.5 basis points on each trade without a minimum commission.

Is the unit price of ETFs equal to the price of the constituent units?

The trading price of the units is subject to the supply and demand mechanism, while the NAV value is subject to the market value of the component assets of the unit, and in most cases units are bought and sold at a price that is very close to NAV .​

How will ETFs be priced in the secondary market?

When the Fund is listed in the secondary market, the units will be priced at the net asset value and the current units will be subject to the bid and ask prices.

Can the ETF owner have the right to attend the assemblies and vote on their items?

Funds are directly managed by the Fund Manager and are subject to the Investment Funds Regulations and the Fund's terms & conditions issued. Accordingly, no general assemblies are held for these funds. Please note that the unit owner has the right to exercise all rights related to units, including voting in the unit owners' meetings, in the event that the meeting is called for, and the approval of the unit owners for the fund is obtained for any changes that require their approval in accordance with the relevant terms & conditions, and Investment Funds Regulations.

Is investing in ETFs available to all categories and nationalities of investors?

 Investment funds are available to all categories and segments of investors licensed to trade securities.

What are the risks faced by an investor in investing in ETFs?

An investor in ETFs is similarly exposed to the same risk of investing in the Fund's underlying assets.