​​Albilad Capital has announced the listing and trading of "Albilad MSCI Saudi Growth ETF "units as an exchange-traded fund on the main market starting Wednesday, 01/31/2024.

This fund is the first of its kind in the region, as it provides a unique investment tool that helps investors identify and reach the most important economic sectors in the Kingdom of Saudi Arabia, represented by small and medium enterprises, which are governed by growth standards based on a clear and specific methodology. Furthermore, It is worth noting that this sector is witnessing growth and prosperity in the Kingdom, as it represents 99.7% of the total number of enterprises in the Kingdom, which meets the desires of many investors to diversify their investments and adopt different strategies to include new and promising sectors that are achieving remarkable performance with the ongoing economic growth in the Kingdom.

Mr. Zaid Almufarih, CEO of Albilad Capital, commented on this occasion, saying, "The listing of this ETF comes as the fifth listing for Albilad Capital ETFs, as it adds a new and qualitative investment option to the market and confirms Albilad Capital's leadership position in the ETF sector as the largest issuer of this type of funds."

Almufarih stressed that providing this type of qualitative product aims to provide innovative solutions that facilitate the investment process in terms of quality and added value, as the fund reduces many steps and expenses for investors to diversify their investment portfolio, pointing out that this fund is a distinctive addition to Albilad Capital's diversified financial portfolios of exchange-traded funds. Moreover, It represents an opportunity for investors wishing to invest in small and medium-sized companies characterized by growth and expected expansion at a higher average rate compared to its sector or the market as a whole by tracking and simulating the performance of the MSCI index of selected Saudi growth stocks that are compliant with the regulations of the Sharia Committee at Albilad Capital, where a set of historical, current and future financial standards, indicators and ratios are applied to choose those companies.

The CEO concluded his statement by thanking everyone who contributed to the success of the fund's launch, led by the Capital Market Authority, the Saudi Tadawul Group, the index provider MSCI, and all Albilad Capital employees.

It is noteworthy that Albilad Capital is one of the largest issuers of exchange-traded funds, with a diversified portfolio of five exchange-traded funds, which are:

Thus, the number of unit owners of Albilad Capital ETFs is 65% of the total number of owners in the Saudi market, and the company's ETFs constitute 56% of the number of ETFs as of the end of 2023.

Albilad Capital was established in 2008 and is the investment arm of Bank Albilad. It is licensed by the Saudi Capital Market Authority (License No. 37-08100) to provide investment services and products such as: dealing, arranging, providing advice, operating funds, managing investments in securities, and consulting, Investment banking, corporate finance, custody, and financial brokerage services, in addition to asset management services through investment funds and private portfolios. Albilad Capital seeks to meet the needs of individual and institutional investors by providing innovative investment products and services that are compliant with Albilad Capital's sharia committee.