045005
Alinma IPO Fund
Alinma Investment
16.1135
NAV / Unit
As of: 2026-05-20
1M+4.97%3M-3.50%1Y-19.36%
16.1135
NAV / Unit
Latest Net Asset Value
-19.36%
1-Year Return
Trailing 12 Months
2.04%
Total Expense Ratio
Annual Fee Drag
97.04M SAR
Fund Size (AUM)
Total Net Assets
-1.26
Sharpe Ratio (1Y)
Risk-Adjusted Return
18.56%
Volatility (1Y)
Annualised Std. Dev.
Fund Profile
An open-ended investment fund that aims to develop capital over the long term by primarily investing in initial public offerings (IPOs) of Saudi joint stock companies, rights issues, and remaining offerings of companies listed on the main market (Tadawul) and companies that have been listed for less than five years, as well as similar investment funds and REITs.
Fees & Costs
Maximum Allowable Fees
Management Fee
1.00%
Subscription Fee
1.50%
Redemption Fee
0.00%
Performance Fee
--
Maximum fees permitted under the fund's Terms & Conditions.
Total Expense Ratio (TER)
Fund TER
2.04%
Peer Avg
2.62%
Actual Expenses — 2025 (Dec 31, 2025)
| Expense Item | Amount | % of AUM |
|---|---|---|
| Management Fees | 2.37M SAR | 1.60% |
| Directors' Fee | 12,000 SAR | 0.01% |
| Other Expenses | 644,258 SAR | 0.43% |
| Total Expenses | 3.02M SAR | 2.04% |
Cost of Investing — Hypothetical 10,000 SAR Investment
Assuming 5% annual return before fees, this is the estimated SAR amount paid in fees over time.
After 1 Year
368 SAR
3.7% of initial investment
fees paid
After 5 Years
1,422 SAR
14.2% of initial investment
fees paid
After 10 Years
3,231 SAR
32.3% of initial investment
fees paid
Performance
Sharpe Ratio
Sharpe Ratio (1Y)-1.26
Peer Avg (1Y)-0.66
Historical Returns
| Period | Return | Relative (vs Peers) |
|---|---|---|
| 3 Months | -3.50% | -0.88% |
| 6 Months | -7.63% | -4.06% |
| 1 Year | -19.36% | -13.49% |
| 3 Years (Ann.) | +1.68% | -4.94% |
| 5 Years (Ann.) | +7.97% | -0.40% |
Risk Metrics
Volatility (1Y)18.56%
Beta (5Y)0.75
Alpha (5Y, Ann.)+6.42%
Holdings
By Sector
- Utilities21.48%
- Consumer Services11.70%
- Software and Services10.76%
- Insurance10.38%
- Financial Services9.12%
- Health Care Equipment and Services6.69%
- Transportation6.00%
- Energy5.79%
- Materials4.19%
- Real Estate Management & Development3.85%
- Pharma, Biotech and Life Science3.83%
- Capital Goods3.33%
- Consumer Discretionary Distribution & Retail2.88%
Fund Financials — 2025 (Dec 31, 2025)
| Total Income | -49.28M SAR |
| Total Expenses | 3.02M SAR |
| Net Income | -52.30M SAR |
| Total Assets | 149.45M SAR |
| Total Liabilities | 1.22M SAR |
| Net Asset Value | 148.23M SAR |
| Units in Issue | 9.10M |
| NAV per Unit | 16.3000 SAR |
Fund Managers
Fund Manager
- Alinma Investment CompanyFund Manager
Board Members
- Khalid Bin Abdullah Al-RumaihBoard Chairman - Independent Member
- Dr. Mohammed Bin Ibrahim Al-SuhaibaniIndependent Member
- Mazen Bin Fawaz BaghdadiNon-Independent Member
Shariah Advisors
- Sheikh Dr. Mohamed Bin Ali ElgariChairman of the Sharia Committee
- Sheikh Dr. Yousuf Bin Abdullah Al-ShubailyMember of the Sharia Committee
- Sheikh Yasser Bin Abdulaziz Al-MarshadiMember of the Sharia Committee
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