Falcom Financial announces results of two funds

Falcom Financial Services announced the 2017 annual results for two of its fund on Sunday.

The Falcom Petrochemical Exchange Traded Fund reported a net profit of SAR 514,277 for fiscal year 2017. The net asset value (NAV) reached SAR 8.26 million, while NAV per unit stood at SAR 27.54, giving an annual yield of 6.63 percent. The fund’s total expenses were at SAR 88,417.

Separately, Falcom Saudi Exchange Traded Fund reported an annual net profit of SAR 112,110. The fund's net asset value stood at SAR 19.65 million and NAV was at SAR 28.07 per unit. The fund reported an annual yield of 0.71 percent while the total expenses stood at SAR 205,155.