Dinar Saudi Equity Fund
🇸🇦 Shariah-Compliant
Q2 2025
Executive Summary | Morgan Stanley Sub-Management
Fund Manager: Dinar Investment Company | Sub-Manager: Morgan Stanley Saudi Arabia | License: CMA No. 24281-37
Inception: April 29, 2025 | Benchmark: S&P Saudi Shariah-Compliant Total Return Index
Report Period: Q2 2025 | All figures as of: June 30, 2025 | Contact: Info@dinar.sa
Inception: April 29, 2025 | Benchmark: S&P Saudi Shariah-Compliant Total Return Index
Report Period: Q2 2025 | All figures as of: June 30, 2025 | Contact: Info@dinar.sa
SAR 9.57
Unit Price ↓ 4.35%
SAR 60.7M
Net Asset Value
6.34M
Total Fund Units
0.369%
Total Expense Ratio
📊 Sector Allocation
Financials
33%
Industrials
21%
Health Care
10%
Consumer Discretionary
10%
Real Estate
6%
Cash & Equivalents
5%
🎯 Top Holdings
Al Rajhi Bank
18.34%
Alinma Bank
7.30%
SAR Principal Cash
7.04%
Astra Industrial Group
4.87%
National Medical Care
4.71%
📈 Market Performance Q2 2025
🛢️ Oil Market:
Brent crude: $67.6 (-9.5%)
TASI declined 6% in Q2
Brent crude: $67.6 (-9.5%)
TASI declined 6% in Q2
💼 Economic Indicators:
PMI: 57.2 (expansion)
Unemployment: 2.8% overall, 6.3% Saudi
PMI: 57.2 (expansion)
Unemployment: 2.8% overall, 6.3% Saudi
💰 Investment Flows:
Foreign inflows: SAR 4.9B
IPO market: SAR 13B+ raised
Foreign inflows: SAR 4.9B
IPO market: SAR 13B+ raised
🎯 Investment Strategy & Outlook
- Banking Sector: Expected to lead growth in 2025 with strong corporate lending
- Healthcare Sector: Cautious approach after recent price surges
- Petrochemicals: Facing headwinds from falling prices and Chinese supply
- Vision 2030: Key growth driver amid potential government spending pressures
- Risk Management: Maintaining selective, active approach due to geopolitical uncertainties
⚠️ Key Risks & Challenges
🌍 Geopolitical Tensions
Ongoing global uncertainties affecting market sentiment
Ongoing global uncertainties affecting market sentiment
🛢️ Oil Price Volatility
OPEC+ production increases pressuring crude prices
OPEC+ production increases pressuring crude prices
💸 Fiscal Pressures
Potential reduced government spending may require debt financing
Potential reduced government spending may require debt financing