The Riyadh Fund for Small and Medium Enterprises, managed by Riyadh Financial, has been honored with multiple accolades from Argaam for being the top-performing Saudi equity investment funds of 2023 and over a three-year period, with assets not exceeding 100 million Saudi Riyals.
Securing four awards in total, the Riyadh SME Fund received two for the year 2023 as the best Saudi equity investment fund and the best Sharia-compliant Saudi equity investment fund (TIER2), achieving a remarkable 52% return with a net asset value reaching 28.51 million Saudi Riyals by the end of the fourth quarter.
The fund also earned two awards for its three-year performance, boasting a 135% return as both a Saudi equity investment fund and a Sharia-compliant Saudi equity investment fund (TIER2).
Investing 10,000 Saudi Riyals: A Look at the Returns
Riyadh Financial’s Accolades from Argaam:
- Highest Return in 2023
- Highest Sharia-compliant Return in 2023
- Highest Return Over Three Years
- Highest Sharia-compliant Return Over Three Years
Established in 2009, the “Riyadh SME Fund” is an open-end investment fund primarily focused on capital growth over the long term through investments in mid-sized, small, and micro-cap companies listed on the Saudi stock market that are Sharia-compliant as per the fund’s Sharia Advisory Board.
