Riyadh - Sharikat Mubasher: SECDO Capital, a global Shariah-compliant asset management and investment advisory company, launched its new open-ended Shariah-compliant investment fund, SEDCO Capital IPO Fund.
The fund targets medium to long-term capital growth and focuses on investing in a diversified portfolio of IPOs and right issues across the main and parallel markets of the Saudi stock exchange Tadawul, according to the company’s statement.
The IPO Fund aims to select shariah-compliant IPOs and right issues offering capital gains over medium to long terms based on upside potential of the company fundamentals. It has the flexibility to invest in Shariah-compliant IPOs of real estate investment trusts (REITs), Sukuk, and money market instruments.
Abdulwahhab Abed, Acting CEO of SEDCO Capital, stated that launching the IPO Fund represents a pivotal development in SEDCO’s public equities offering and aligns with the company’s vision to leverage market dynamics and generate sustainable Shariah-compliant returns for investors.
“This investment opportunity is geared towards investors with a higher risk appetite, promising potentially higher returns," Abed elaborated.
The SEDCO Capital IPO Fund is regulated by the Saudi Capital Market Authority (CMA) to ensure adherence to the highest standards of transparency and regulatory compliance.
