002030
Musharaka Saudi Equity Fund
Musharaka Capital
16.1590
NAV / Unit
As of: 2026-03-25
1M-3.58%3M-1.01%1Y-15.38%
16.1590
NAV / Unit
Latest Net Asset Value
-15.38%
1-Year Return
Trailing 12 Months
5.81%
Total Expense Ratio
Annual Fee Drag
2.21M SAR
Fund Size (AUM)
Total Net Assets
-1.19
Sharpe Ratio (1Y)
Risk-Adjusted Return
16.31%
Volatility (1Y)
Annualised Std. Dev.
Fund Profile
The fund aims to develop capital over the medium and long term by investing in shares of companies listed on the Saudi stock markets (Main and Parallel) and initial public offerings in the Kingdom of Saudi Arabia, in accordance with Shariah standards approved by the Shariah Committee.
Fees & Costs
Maximum Allowable Fees
Management Fee
1.75%
Subscription Fee
0.00%
Redemption Fee
0.00%
Performance Fee
0.00%
Maximum fees permitted under the fund's Terms & Conditions.
Total Expense Ratio (TER)
Fund TER
5.81%
Peer Avg
2.60%
Actual Expenses — 2025 (Dec 31, 2025)
| Expense Item | Amount | % of AUM |
|---|---|---|
| Management Fees | 46,361 SAR | 2.09% |
| Custody Fee | 19,021 SAR | 0.86% |
| Audit Fee | 20,700 SAR | 0.93% |
| Directors' Fee | 12,000 SAR | 0.54% |
| CMA Fee | 7,503 SAR | 0.34% |
| Tadawul Fee | 5,750 SAR | 0.26% |
| Other Expenses | 17,340 SAR | 0.78% |
| Total Expenses | 128,675 SAR | 5.81% |
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
610 SAR
6.1% of initial investment
fees paid
After 5 Years
3,300 SAR
33.0% of initial investment
fees paid
After 10 Years
7,334 SAR
73.3% of initial investment
fees paid
Performance
Sharpe Ratio
Sharpe Ratio (1Y)-1.19
Peer Avg (1Y)-0.66
Historical Returns
| Period | Return | Relative (vs Peers) |
|---|---|---|
| 3 Months | -1.01% | +1.62% |
| 6 Months | -11.15% | -7.61% |
| 1 Year | -15.38% | -9.48% |
| 3 Years (Ann.) | +7.73% | +1.16% |
| 5 Years (Ann.) | +11.35% | +3.01% |
Risk Metrics
Volatility (1Y)16.31%
Beta (5Y)0.77
Alpha (5Y, Ann.)+7.74%
Holdings
Top Holdings (End of Year)
- National Bank of Kuwait Deposit13.93%
- Saudi Telecom Company7.37%
- Saudi Aramco6.76%
- Al Rajhi Bank6.58%
Fund Financials — 2025 (Dec 31, 2025)
| Total Income | -313,706 SAR |
| Total Expenses | 128,675 SAR |
| Net Income | -442,381 SAR |
| Total Assets | 2.29M SAR |
| Total Liabilities | 78,439 SAR |
| Net Asset Value | 2.22M SAR |
| Units in Issue | 137,009 |
| NAV per Unit | 16.1700 SAR |
Fund Managers
Fund Manager
- Musharaka CapitalFund Manager
Board Members
- Ibrahim bin Fahad Al-AssafBoard Chairman - Non-Independent Member
- Jassim Al-RumaihiIndependent Board Member
- Ahmed IsmailIndependent Board Member
Shariah Advisors
- Mohammed Ahmed SultanShari'a Advisor
- Faraz AdamShari'a Advisor
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