Al Rajhi MSCI Equity ETF raises SAR 100M in IPO
- Source
- Argaam - Company Disclosures
- Source link
- https://www.argaam.com/en/article/articledetail/id/1926612
- Published
- 2026-08-06 10:27:00
- Discovered by ProcIntel
- 2026-08-06 14:59:26
- Category
- Supplier Risk
- Geography
- Saudi Arabia, UAE
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
<p><img src="https://argaamplus.s3.amazonaws.com/07def71e-1b50-4a3c-9ae3-3badb8498030.png" ></p> <p class="ckeCaption" >Logo ofAl Rajhi Capital</p> <hr> <p ><a href="https://www.argaam.com/en/tadawul/tasi/al-rajhi-capital" target="_blank">Al Rajhi Capital</a> stated that the initial public offering (IPO) of the <a href="https://www.argaam.com/en/funds/fund-detail/425" target="_blank">Al Rajhi MSCI Saudi Equity ETF</a> raised SAR 100 million.</p> <p ></p> <p >In a <strong>Tadawul </strong>filing, the company said the offering closed on Aug. 4, with the fund scheduled to commence operations on Aug. 10, 2026.</p> <p ></p> <p >According to <span ><strong>Argaam </strong></span>data, the IPO for the ETF began on Aug. 3 on the Main Market (TASI).</p> <p ></p> <p >The Capital Market Authority approved Al Rajhi Capital's application in June to publicly offer the fund's units as an exchange-traded fund (ETF).</p> <p ></p> <p >Al Rajhi MSCI Equity is a Shariah-compliant, open-ended ETF that complies with the Shariah standards approved by the fund's appointed Shariah Supervisory Committee. It aims to track and replicate the performance of the MSCI Saudi Arabia Shariah Index, which primarily invests in large-, mid-, and small-cap Saudi listed companies on the Saudi Exchange, before fees and expenses.</p>
Procurement Relevance Gate
- geographic_exposure (weight 8) — matched on "2 linked geographies"
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A provisional, automatically-computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Not Assessed — this Signal did not pass the Procurement Relevance Gate, or is fictional/excluded test data.