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SNB Capital launches Global Megatrends Fund
SNB Capital, Saudi Arabia’s largest asset manager, has announced the launch of its open-ended, actively managed Global Megatrends Fund, which will invest in future-focused industries with the digital transformation, sustainable investments, and rapid urbanisation agenda currently at the centre of its mandate.
The fund’s investment mandate is to outperform global equities by accessing these exciting investment opportunities with long term positive impacts on the domestic and global economy, which supports the objectives of Vision 2030 to drive capital towards sustainable investments.
With this dedicated focus on positive sustainability characteristics, the fund also provides local investors with an exposure to the rapidly growing universe of sustainable and ESG investing, which according to a Bloomberg report on investment trends is expected to exceed $53 trillion by 2025, representing more than a third of the $140.5 trillion in projected total assets under management.
The actively managed global equity fund will identify opportunities to capture potential earnings growth and share price performance available in several rapidly growing global sectors during this period of major technological transformation. These include sectors such as electric cars, renewable energy, as well as digital transformation, to keep the fund's investments in line with technological developments and innovations in the global economy.
The focus on disruptive industries also gives local investors an opportunity to diversify their portfolios through investing in long term global trends with complementary sector and regional exposures, while benefitting from the SNB Capital’s asset management expertise that provides access to a broad range of equity instruments and unique opportunities.
Rashed Sharif, Chief Executive Officer at SNB Capital, said: "The launch of our Global Megatrends fund serves to underscore our broad ambitions to provide increased access to global opportunities that support the transformation of the global economy. As the leading asset manager in Saudi Arabia, one of the fastest growing G20 countries, we are committed to innovation and identifying opportunities in new industries and technologies that will augment the future of the economy and daily lives. This fund provides our clients with a unique opportunity to access a best-in-class product that supports diversification and sustainability.”
The SNB Capital Global Megatrends Fund is aimed at both institutional and retail investors, and potential investors are invited to view more information on the Fund Here.
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SNB Capital Successfully Completes Advisory for Almasar Alshamil Education Company’s SAR 599mn IPO Debut
SNB Capital has successfully completed its advisory services for the Initial Public Offering (IPO) of Almasar Alshamil Education Company, acting as the Lead Manager, Financial Advisor, Underwriter, and Bookrunner for the transaction.
The IPO comprised 30.7 milllion ordinary shares, representing 30% of the company’s share capital with a final offer price of SAR 19.5 per share, resulting in a total offering value of SAR 599 million.
Following the completion of institutional book-building, 9.2 million shares, representing 30% of the offering, were made available to retail investors. A total of 95,679 individual subscribers participated in the retail tranche, generating orders worth SAR 218.2 million and achieving a coverage ratio of approximately 1.21 times.
Almasar Alshamil Education Company’s shares were listed today on the Saudi Exchange's Main Market (TASI) under the ticker symbol (6019) and international code (SA56DG9IU1H8).
The offering contributes to the continued development of the Kingdom’s education sector, supporting Vision 2030 objectives to enhance quality, accessibility, and private-sector participation.
SNB Capital Announces Successful Closure of the Basic Foods Fund with a SAR 200 million Investment in Warda Al Mashreq Foods
SNB Capital has announced the successful closure of the private investment fund, SNB Capital Basic Foods Fund. The Shariah-compliant fund is designed to invest in Warda Al Mashreq Foods, one of the Kingdom’s leading food manufacturing companies, to support its readiness for an initial public offering (IPO) on the Saudi Stock.
The company produces a wide range of processed cheese and essential food products and has seen rapid growth in demand. It boasts an outstanding operational track record spanning over 30 years.
Warda Al Mashreq currently operates three factories in Riyadh, the capital of Saudi Arabia, and is in the process of establishing a fourth facility. This expansion positions the company competitively to enhance operational efficiency and increase production capacity, with a focus on export opportunities and regional growth in one of the most dynamic sectors.
Market estimates suggest that the company’s target food sector in the Middle East and Africa will grow from SAR 58.1 billion in 2023 to SAR 67.1 billion by 2028, driven by population growth and changing consumer behavior across the region.
The Basic Foods Fund reflects SNB Capital’s commitment to delivering carefully designed investment solutions that add value to client portfolios. The fund was structured to acquire a stake in a company with a clear expansion strategy and IPO readiness, leveraging SNB Capital’s expertise to transform it from a leading food manufacturer into a nationally listed entity.
