Riyadh, Saudi Arabia — Kamco Invest – Saudi has announced the launch of two new Shariah-compliant funds, Kamco Freestyle Saudi Equity Fund and Kamco SAR Murabaha Fund.
This initiative aims to meet investor needs through offering diverse and innovative investment solutions that align with Saudi financial market standards and enhance investor confidence.
The company said in a statement that the launch of the two funds brings the total number of public funds managed by Kamco Invest in the Kingdom to three. Additionally, assets under management surpassed SAR 1 billion across funds and investment portfolios.
The company explained that Kamco Freestyle Saudi Equity Fund seeks to achieve long-term capital growth through investing in shares of companies listed on Tadawul and Nomu, including initial public offerings. The fund operates strictly in compliance with Shariah principles.
It added that the fund employs a flexible investment strategy that aims to capitalize on growth opportunities across various sectors of the Saudi economy. It offers significant flexibility in investment management, enabling it to strike an optimal balance between high returns and effective risk management.
“The launch of the two new funds marks a milestone in Kamco Invest – Saudi’s journey toward achieving its strategic vision of becoming one of the key players in the Saudi financial market,” said Mohammed Al-Faris, Chief Executive Officer of Kamco Invest – Saudi.
“We are committed to providing innovative investment products and services that diversify investment options and enhance investor confidence, in line with the objectives defined under the Saudi Vision 2030,” he noted.