The AlAhli SME Equity Fund, managed by AlAhli Financial, has achieved significant recognition, garnering several accolades from the ‘Argaam’ awards for its superior performance among Saudi equity investment funds with assets exceeding SAR 100 million, across one, three, and five-year time frames.
Established in 2008, the AlAhli SME Equity Fund aims for long-term capital growth by investing in small and medium-sized Saudi companies listed on the main market. This includes initial public offerings and rights issues, as well as exchange-traded funds approved by the Saudi Capital Market Authority and aligned with Shariah principles.
The fund proudly secured six commendations, winning two awards in 2023 for ‘Best Saudi Equity Investment Fund’ and ‘Best Shariah-Compliant Saudi Equity Investment Fund (TIER 1)’ after achieving a remarkable 72% return. It also earned four awards for performance over three and five years, realizing returns of 171% and 326%, respectively.
RelatedNews
Another fund, the AlAhli Sanabil by Riyal, was also awarded ‘Best Debt Instruments Fund of 2023’ with an annual return of 6% and a net asset value of SAR 7,099 million. As of the end of March 2024, the fund’s assets surpassed SAR 8 billion. Since its inception in 1986, it seeks to grow capital and provide competitive returns while preserving capital primarily through Shariah-compliant short, medium, and long-term financial instruments, cash tools, and fixed income assets, including units of similar funds.
Moreover, AlAhli Financial was named ‘Best IPO Manager of 2023’ based on subscription size. It managed the offering of 30% of AlMatahin AlOula’s shares with a 69.9 times oversubscription rate and 30% of Adis Company’s shares with 63.7 times oversubscription. In 2023, AlAhli Financial handled approximately 46.8% of the total main market offerings in Saudi Arabia, amounting to SAR 5.57 billion.
Notable Industry Awards Received by AlAhli Financial from ‘Argaam’:
- Best Performing Fund over one year – AlAhli SME Equity Fund
- Best Shariah-Compliant Fund over one year – AlAhli SME Equity Fund
- Best Performing Fund over three years – AlAhli SME Equity Fund
- Best Shariah-Compliant Fund over three years – AlAhli SME Equity Fund
- Best Performing Fund over five years – AlAhli SME Equity Fund
- Best Shariah-Compliant Fund over five years – AlAhli SME Equity Fund
- Best Debt Instruments Fund of 2023 – AlAhli Sanabil by Riyal
- Best IPO Manager for Tadawul Market – AlAhli Financial
