Riyadh – Mubasher: FALCOM Financial Services on Sunday announced the financial results of its FALCOM Saudi Exchange Traded Fund (ETF30) for the full-year ended 31 December 2017.

The FALCOM Saudi Exchange Traded Fund registered SAR 112,110 for the year, with a yield of 0.71%.

The fund’s net asset value (NAV) was seen at SAR 19.651 billion by the end of 2017, whereas the NAV per unit amounted to SAR 28.07, FALCOM Financial Services said in a filing to the Saudi Stock Exchange (Tadawul).

The ETF’s total expenses and fees for 2017 reached SAR 205,155, the company added.

It is worth noting that the FALCOM Saudi Exchange Traded Fund’s total number of units reached 700,000 units in 2017.

In a separate filing, FALCOM Financial Services announced that its second fund called The Falcom Petrochemical ETF recorded a net profit of SAR 514,277 last year, while its NAV amounted to SAR 8.26 million.

NAV per unit for the petrochemical fund reached SAR 27.54, meaning that annual yield was at 6.63%, the company said.

Total expenses for the Falcom Petrochemical ETF amounted to SAR 88,417, FALCOM concluded.