002030
SICO MENA Equity Fund
SICO Capital
20.6548
NAV / Unit
As of: 2026-03-16
1M-7.98%3M-3.43%1Y-0.82%
20.6548
NAV / Unit
Latest Net Asset Value
-0.82%
1-Year Return
Trailing 12 Months
1.83%
Total Expense Ratio
Annual Fee Drag
46.31M SAR
Fund Size (AUM)
Total Net Assets
-0.35
Sharpe Ratio (1Y)
Risk-Adjusted Return
13.69%
Volatility (1Y)
Annualised Std. Dev.
Fund Profile
The fund aims to achieve long-term capital growth by investing its assets primarily in Shariah-compliant equities listed in the stock markets of the Middle East and North Africa (MENA) region.
Fees & Costs
Maximum Allowable Fees
Management Fee
1.50%
Subscription Fee
2.00%
Redemption Fee
--
Performance Fee
--
Maximum fees permitted under the fund's Terms & Conditions.
Total Expense Ratio (TER)
Fund TER
1.83%
Peer Avg
2.62%
Actual Expenses — 2025 (Dec 31, 2025)
| Expense Item | Amount | % of AUM |
|---|---|---|
| Management Fees | 833,135 SAR | 1.01% |
| Custody Fee | 154,874 SAR | 0.19% |
| Audit Fee | 52,250 SAR | 0.06% |
| Directors' Fee | 20,000 SAR | 0.02% |
| CMA Fee | 7,500 SAR | 0.01% |
| Tadawul Fee | 9,179 SAR | 0.01% |
| Other Expenses | 435,892 SAR | 0.53% |
| Total Expenses | 1.51M SAR | 1.83% |
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
398 SAR
4.0% of initial investment
fees paid
After 5 Years
1,357 SAR
13.6% of initial investment
fees paid
After 10 Years
3,014 SAR
30.1% of initial investment
fees paid
Performance
Sharpe Ratio
Sharpe Ratio (1Y)-0.35
Peer Avg (1Y)-0.67
Historical Returns
| Period | Return | Relative (vs Peers) |
|---|---|---|
| 3 Months | -3.43% | -0.82% |
| 6 Months | -0.16% | +3.46% |
| 1 Year | -0.82% | +5.19% |
| 3 Years (Ann.) | +7.60% | +1.03% |
| 5 Years (Ann.) | +11.64% | +3.31% |
Risk Metrics
Volatility (1Y)13.69%
Holdings
By Sector
- Banks & Financial Services27.00%
- Energy11.00%
- Materials11.00%
- Real Estate11.00%
- Consumer Distribution7.00%
- Telecommunications6.00%
- Transportation6.00%
- Consumer Services5.00%
- Insurance4.00%
- Health Care4.00%
- Food and Beverages3.00%
- Information technology2.00%
- Utilities2.00%
- Commercial2.00%
- Industrials1.00%
By Country
- Kingdom of Saudi Arabia70.00%
- United Arab Emirates19.00%
- Kuwait5.00%
- Qatar6.00%
Fund Financials — 2025 (Dec 31, 2025)
| Total Income | 2.38M SAR |
| Total Expenses | 1.51M SAR |
| Net Income | 862,651 SAR |
| Total Assets | 83.44M SAR |
| Total Liabilities | 645,074 SAR |
| Net Asset Value | 82.79M SAR |
| Units in Issue | 3.92M |
| NAV per Unit | 21.1200 SAR |
Fund Managers
Fund Manager
- SICO FinancialFund Manager
Board Members
- Meshal Ali Al-HelouBoard Chairman - Non-Independent Member
- Mohammed Ibrahim Al-ManqourIndependent Board Member
- Imad AwadIndependent Board Member
- Shakeel SarwarNon-Independent Board Member
Shariah Advisors
- Mohammad Abdul Rahman Al-ShurafaShari'a Committee Member
- Abdul Rahman Mohammad Al-BaloulShari'a Committee Member
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