{"id":101828,"date":"2025-10-27T00:00:00","date_gmt":"2025-10-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/27\/pif-anchors-tadawuls-first-broad-based-equity-etf-from-albilad-capital\/"},"modified":"2025-10-27T00:00:00","modified_gmt":"2025-10-27T00:00:00","slug":"pif-anchors-tadawuls-first-broad-based-equity-etf-from-albilad-capital","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/27\/pif-anchors-tadawuls-first-broad-based-equity-etf-from-albilad-capital\/","title":{"rendered":"PIF anchors Tadawul\u2019s first broad-based equity ETF from Albilad Capital"},"content":{"rendered":"

PIF buys into Saudi\u2019s first broad-based equity ETF: <\/strong>The Public Investment Fund (PIF) participated as an anchor investor in the newly-listed and first broad-based Shariah-compliant local exchanged-traded fund (ETF) on Tadawul from Albilad Capital, dubbed Albilad MSCI Saudi Equity Fund ETF, according to two separate statements (here<\/a> and here<\/a>). The open-ended fund tracks the MSCI Saudi Equity Index, covering over 250 stocks across the main and parallel markets. <\/p>\n

The rationale: <\/strong>The move plays into PIF\u2019s agenda to deepen liquidity and grow the Kingdom\u2019s asset management market \u2014 which is on track to hit the USD 500 mn<\/a> mark by 2030 according to an earlier Fitch report. <\/p>\n

Albilad Capital completed the<\/strong>Albilad MSCI Saudi Equity ETF IPO (pdf)<\/a><\/strong> earlier this <\/strong>month<\/strong>, raising SAR 316 mn, Argaam<\/a> reported. Units were listed on Tadawul\u2019s main market last week<\/a>. The fund, which is classified as high-risk due to its 100% equity exposure and market volatility, fully replicates the MSCI Saudi Arabia Domestic Islamic Index formed of over 250 companies covering small, mid and large-cap stocks across the main and the parallel markets. Albilad Capital acting as both fund manager and market maker, Riyadh Capital as custodian, and PwC as auditor.<\/p>\n

SOUND SMART- Why it\u2019s a first:<\/strong> The Albilad MSCI Saudi Equity ETF is the first locally listed, broad-based equity fund to track an MSCI Saudi benchmark, giving investors exposure to the full domestic market (from large caps to smaller growth stocks) under a Shariah-compliant structure. Previous ETFs in the Kingdom were either sector-focused or linked to narrow thematic indices.<\/p>\n

One more notch in Albilad\u2019s ETF lineup: <\/strong>The new listing brings Albilad Capital\u2019s total number of ETFs on the Saudi market to seven, with products spanning fixed income, commodities, global equities, and sector-focused funds, making it one of the most active issuers in the space. Albilad now manages about SAR 6 bn in ETF assets, representing 64% of Saudi ETFs and 52% across the GCC.<\/p>\n

IN CONTEXT- <\/strong>The investment follows PIF\u2019s earlier backing of the SPDR JP Morgan Saudi Arabia Aggregate Bond ETF, which debuted in Singapore last month<\/a> after listings in Frankfurt, London, and Milan. PIF had seeded the fund with USD 200 mn, giving global investors exposure to Saudi sovereign and quasi-sovereign debt, including USD- and SAR-denominated sukuk.<\/p>\n","protected":false},"excerpt":{"rendered":"

The open-ended fund listed on Tadawul last week<\/p>\n","protected":false},"author":1,"featured_media":101829,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2704],"tags":[2419,10,1151,2452],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-101828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets","tag-capital-markets","tag-enterpriseam-ksa","tag-public-investment-fund-pif","tag-tadawul","wpautop","entry"],"acf":{"mongo_id":"c017e5ef-3bba-429b-89d7-744048368fe8","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/1742.jpg","photo_position":"above","homepage_title":"","full_issue_title":"PIF anchors Tadawul\u2019s first broad-based equity ETF from Albilad Capital","related_issue":[101813],"teaser":"The open-ended fund listed on Tadawul last week","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.a290eb59-9019-4a2c-ae09-1e4a27d5816b.mp3"},"yoast_head":"\nPIF anchors Tadawul\u2019s first broad-based equity ETF from Albilad Capital - 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