Saudi Economic and Development Securities Company (SEDCO Capital) announces an update of the terms and conditions of SEDCO Capital IPO Fund as of 12/07/1446H corresponding to 12/01/2025G.

a summary of the main updated items are as follows:

The mechanism for calculating the fund’s benchmark index, the SEDCO Capital Total Return Index for Saudi IPOs, has been updated. It is a benchmark index calculated internally by the Fund Manager according to the index calculation mechanism.

Index calculation mechanism: Benchmark of the Fund is internally calculated and includes total return of all the IPOs in Main market and Nomu after the inception of the benchmark. IPOs will be added to benchmark on the day of listing at IPO price and exit after 3 years. Each main market IPO gets 3% weight and Nomu IPO gets 1% weight at entry through proportional weight displacement of other constituents. The weight of each listed company in the BM would be capped at 20%. BM Rebalancing happens on monthly basis to ensure that the BM abide by all of its guidelines.

The updated terms and conditions can be viewed through the the Fund’s file on Tadawul website.