anb capital is pleased to introduce the “anb capital Digital & IT Equity Fund (Shariah)”, its latest innovation in Saudi Arabia’s investment landscape.  The fund is being launched following approval from the Capital Market Authority of Saudi Arabia, and demonstrates anb capital’s commitment to the continued development of the Saudi financial markets in alignment with the objectives of Vision 2030.

anb capital has launched this thematic fund to enable its clients to benefit from existing and emerging investment opportunities in the digital & IT space.  The rise of artificial intelligence is bringing in a new era of digital transformation, which is an ongoing seismic shift in how global economics function.  The fund’s investment universe, which includes digital and technology companies that are listed on the Saudi and regional stock exchanges, is expected to grow as new companies emerge and list.

Mr. Khalid Al-Ghamdi, CEO of anb capital, shared his excitement about anb capital’s latest offering which specifically targets the digital & IT solutions sector: “The anb capital Digital & IT Equity Fund (Shariah) is another milestone in our mission to perpetually diversify and enhance our product portfolio, while also creating compelling investment vehicles for our clients.  Inspired by the ongoing digital revolution and geared to benefit from the vision of tomorrow promised by the increasing role of artificial intelligence in the global economy and in our daily lives, this fund is our vision of a gateway to investments in technologies that will shape the future.”

The Fund’s initial subscription period will take place from 14 January 2024 to 14 March 2024.  During this period, Subscription Fees will be waived, providing the investing public a sound investment opportunity.