• Comprised of global and local Public Equities and Income Assets, in addition to global Private Equity investments. 
  • Targeting fund size of at least SAR 300 million and up to SAR 1 billion, to be listed on the Saudi Exchange 
  • Subscription period open from 19 May until 6 June 2024 with possibility of extension by 10 business days   

Jeddah, Saudi Arabia – 19 May 2024: SEDCO Capital, a global Shariah-compliant and ESG-led asset management and investment advisory firm (or “the Firm”), today announced the launch of the public offering of the SC Multi Asset Fund (“the Fund”) to be listed on the main market of the Saudi Exchange (Tadawul). The target size of this closed-end investment fund is a minimum of SAR 300 million up to a maximum of SAR 1 billion.

The Shariah-compliant Fund seeks to provide investors with long-term capital growth and semi-annual income distribution by investing in a diversified portfolio of local and global private and public market investments. The Fund will leverage SEDCO Capital’s combined expertise in local and international Fixed Income, Public Equities, and Private Equity investments. As the Fund Manager, SEDCO Capital will diversify the Fund’s investments across multiple asset classes, taking into account the appropriate asset allocation of the Fund’s assets, return requirements, risk levels associated with the invested securities, market trends, economic conditions, and their suitability for the Fund’s objectives.

The target allocations are 80% liquid assets and 20% illiquid assets. Within liquid assets, the Fund will target allocations of 60% local and global public equities and 40% local and global income assets including money market and sukuk. The illiquid asserts will focus on global private equity investments. The proposed composite benchmark is comprised of 60% DJIMT Index, 20% DJ Sukuk TR Index and 20% 30d MVA of 1m SIBID.

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