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Al Rajhi Capital has announced that the Al Rajhi MSCI Saudi Equity ETF will begin trading on the Main Market (TASI) tomorrow, August 10, 2026. The ETF is the company's first exchange-traded fund and is part of a planned series of ETFs. The fund's initial public offering (IPO) raised SAR 100 million, and it aims to track and replicate the performance of the MSCI Saudi Arabia Islamic Index before fees and expenses. The ETF provides investors with diversified, Shariah-compliant exposure to around 250 Saudi-listed stocks.
The launch of this ETF is significant for the Saudi market, as it provides investors with a new tool for accessing the Saudi equity market. The ETF's Shariah-compliant nature also makes it an attractive option for investors who are looking for investments that align with their Islamic values. The fund's management fee of 0.25% is also relatively low compared to other ETFs in the market.
The implications of this launch are positive for the Saudi equity market, as it is expected to attract more investors and increase liquidity in the market. The ETF's diversified portfolio and low management fee make it an attractive option for both individual and institutional investors. As the Saudi market continues to grow and develop, the launch of this ETF is a significant step forward in providing investors with more options and tools for accessing the market.
