Announcements

FALCOM Financial Services announces an update in the terms and conditions of the FALCOM Gold Fund, as of date: 27 October 2020 corresponding to 10 Rabi` Al-awwal 1442H. The updated T&Cs can also be viewed through the following link:

https://falcom.com.sa/media/2294/0543-1-23-010-gold.pdf

FALCOM Financial Services announces an update in the terms and conditions of the FALCOM SAR Murabha Fund, as of date: 28 October 2020 corresponding to 11 Rabi` Al- awwal 1442H. The updated T&Cs can also be viewed through the following link:

https://falcom.com.sa/media/2292/0543-1-09-002-murabaha.pdf

FALCOM Financial Services announces an update in the terms and conditions of the FALCOM Saudi Equity Fund, as of date: 28 October 2020 corresponding to 11 Rabi` Al- awwal 1442H. The updated T&Cs can also be viewed through the following link:

https://falcom.com.sa/media/2291/0543-1-01-001-sef.pdf

FALCOM Financial Services announces an update in the terms and conditions of the FALCOM Petrochemical ETF, as of date: 28 October 2020 corresponding to 11 Rabi` Al- awwal 1442H. The updated T&Cs can also be viewed through the following link:

https://falcom.com.sa/media/2290/0543-1-01-005-petro.pdf

FALCOM Financial Services announces an update in the terms and conditions of the FALCOM 30 ETF, as of date: 28 October 2020 corresponding to 11 Rabi` Al- awwal 1442H. The updated T&Cs can also be viewed through the following link:

https://falcom.com.sa/media/2289/0543-1-01-004-sef30.pdf

FALCOM Financial Services announces an update in the terms and conditions of the FALCOM IPO Fund, as of date: 28 October 2020 corresponding to 11 Rabi` Al- awwal 1442H. The updated T&Cs can also be viewed through the following link:

https://falcom.com.sa/media/2293/0543-1-06-003-ipo.pdf

FALCOM Financial Services announces changes in the membership of the Board of Directors of the FALCOM Gold Fund, by appointing:

-          Dr. Abdulkarim Al-Najidi (Independent member).

-          Mr. Mohammed Al-Malki (Independent member).

In addition, a changes in the membership of the current members:

-          Mr. Saleh Alomair. (From independent member to  non- independent (

-          Mr. Suliman Abu Tayeh. (From independent member to  non- independent(

As of date  7 October 2020 G corresponding to 20 Safar 1442H, the members of the fund board after changes will be as follows:

1) Mr. Mouath Al-Khasawneh (Chairman of fund board).

2) Mr. Suliman Abu Tayeh (Non-independent member).

3) Mr. Saleh Al-Omair (Non-independent member).

4) Dr. Abdulkarim Al-Najidi (Independent Member).

5) Mr. Mohammed Al-Malki (Independent Member).

FALCOM Financial Services announces changes in the membership of the Board of Directors of the FALCOM SAR Murabha Fund, by appointing:

-          Dr. Abdulkarim Al-Najidi (Independent member).

-          Mr. Mohammed Al-Malki (Independent member).

In addition, a changes in the membership of the current members:

-          Mr. Saleh Alomair. (From independent member to  non- independent (

-          Mr. Suliman Abu Tayeh. (From independent member to  non- independent(

As of date  7 October 2020 G corresponding to 20 Safar 1442H, the members of the fund board after changes will be as follows:

1) Mr. Mouath Al-Khasawneh (Chairman of fund board).

2) Mr. Suliman Abu Tayeh (Non-independent member).

3) Mr. Saleh Al-Omair (Non-independent member).

4) Dr. Abdulkarim Al-Najidi (Independent Member).

5) Mr. Mohammed Al-Malki (Independent Member).

FALCOM Financial Services announces changes in the membership of the Board of Directors of the FALCOM Saudi Equity Fund, by appointing:

-          Dr. Abdulkarim Al-Najidi (Independent member).

-          Mr. Mohammed Al-Malki (Independent member).

In addition, a changes in the membership of the current members:

-          Mr. Saleh Alomair. (From independent member to  non- independent (

-          Mr. Suliman Abu Tayeh. (From independent member to  non- independent(

As of date  7 October 2020 G corresponding to 20 Safar 1442H, the members of the fund board after changes will be as follows:

1) Mr. Mouath Al-Khasawneh (Chairman of fund board).

2) Mr. Suliman Abu Tayeh (Non-independent member).

3) Mr. Saleh Al-Omair (Non-independent member).

4) Dr. Abdulkarim Al-Najidi (Independent Member).

5) Mr. Mohammed Al-Malki (Independent Member).

FALCOM Financial Services announces changes in the membership of the Board of Directors of the  FALCOM Petrochemical ETF, by appointing:

-          Dr. Abdulkarim Al-Najidi (Independent member).

-          Mr. Mohammed Al-Malki (Independent member).

In addition, a changes in the membership of the current members:

-          Mr. Saleh Alomair. (From independent member to  non- independent (

-          Mr. Suliman Abu Tayeh. (From independent member to  non- independent(

As of date  7 October 2020 G corresponding to 20 Safar 1442H, the members of the fund board after changes will be as follows:

1) Mr. Mouath Al-Khasawneh (Chairman of fund board).

2) Mr. Suliman Abu Tayeh (Non-independent member).

3) Mr. Saleh Al-Omair (Non-independent member).

4) Dr. Abdulkarim Al-Najidi (Independent Member).

5) Mr. Mohammed Al-Malki (Independent Member).

FALCOM Financial Services announces changes in the membership of the Board of Directors of the  FALCOM 30 ETF, by appointing:

-          Dr. Abdulkarim Al-Najidi (Independent member).

-          Mr. Mohammed Al-Malki (Independent member).

In addition, a changes in the membership of the current members:

-          Mr. Saleh Alomair. (From independent member to  non- independent (

-          Mr. Suliman Abu Tayeh. (From independent member to  non- independent(

As of date  7 October 2020 G corresponding to 20 Safar 1442H, the members of the fund board after changes will be as follows:

1) Mr. Mouath Al-Khasawneh (Chairman of fund board).

2) Mr. Suliman Abu Tayeh (Non-independent member).

3) Mr. Saleh Al-Omair (Non-independent member).

4) Dr. Abdulkarim Al-Najidi (Independent Member).

5) Mr. Mohammed Al-Malki (Independent Member).

FALCOM Financial Services announces changes in the membership of the Board of Directors of the FALCOM IPO Fund, by appointing:

-          Dr. Abdulkarim Al-Najidi (Independent member).

-          Mr. Mohammed Al-Malki (Independent member).

In addition, a changes in the membership of the current members:

-          Mr. Saleh Alomair. (From independent member to  non- independent(.

-          Mr. Suliman Abu Tayeh. (From independent member to  non- independent(.

As of date  7 October 2020 G corresponding to 20 Safar 1442H, the members of the fund board after changes will be as follows:

1) Mr. Mouath Al-Khasawneh (Chairman of fund board).

2) Mr. Suliman Abu Tayeh (Non-independent member).

3) Mr. Saleh Al-Omair (Non-independent member).

4) Dr. Abdulkarim Al-Najidi (Independent Member).

5) Mr. Mohammed Al-Malki (Independent Member).

FALCOM Financial Services announce the issuance of FALCOM Saudi Equity Fund semiannual report for the period end 30 June 2020G 

• Net asset value for the period: 116,071,150 SAR
• Total expenses and fees for the period: 1,148,844 SAR
• Net loss for the period: -13,536,725 SAR
• Net asset value per unit: 2.09 SAR
• Number of units at end of the period: 55,481,931 Units
• Yield -10.36%

https://falcom.com.sa/media/2209/sef-semi-annual-report-2020.pdf

FALCOM Financial Services Company announces the change of the Board of Directors (FALCOM Gold Fund) due to the resignation of the Board Member (Mohammed Al-Alwan) from the Board of Directors (independent) as of 14/ 11/2019G and appointing Board Member( Mr. Saleh ALAmire) (independent)  as of 12/04/2020 to become the Board of member of the Fund after the change:

1. 1. Moath Al-Khasawneh (non-independent member).
2. 2. Suleiman Abu Tayeh (Independent Member).

3- Mr. Saleh ALAmire (Independent Member).

FALCOM Financial Services announce the issuance of FALCOM SAR Murabaha Fund annual report for the year end 31/12/2019G:

• Net asset value for the year end 2019: SAR 890,322,315
• Number of units at end of the year: 708,502,018
• Net asset value per unit: SAR26
• Total expenses and fees for the year: SAR 6,838,004
• Net profit for the year: SAR35,827,337
• 2019 yield 2.92%

https://falcomwatch.com:9003/content/Murabaha20200406.pdf

FALCOM Financial Services announce the issuance of FALCOM IPO Fund annual report for the year end 31/12/2019G:

• Net asset value for the year end 2019: SAR62,302,081
• Number of units at end of the year: 24,495
• Net asset value per unit: SAR2,543.46
• Total expenses and fees for the year: SAR1,183,236
• Net profit for the year: SAR10,304,274
• 2019 yield 18.71%

https://falcomwatch.com:9003/content/IPO20200406.pdf

FALCOM Financial Services announce the issuance of FALCOM Saudi Equity Fund annual report for the year end 31/12/2019G:

• Net asset value for the year end 2019: SAR 129,820,881
• Number of units at end of the year: 55,625,142
• Net asset value per unit: SAR33
• Total expenses and fees for the year: SAR2,205,764
• Net profit for the year: SAR29,792,214
• 2019 yield 29.46%

https://falcomwatch.com:9003/content/Saudi Equity20200406.pdf

FALCOM Financial Services announce the issuance of FALCOM Petrochemical Exchange Traded Fund annual report for the year end 31/12/2019G:

• Net asset value for the period: 9,075,252 SAR
• Number of units at end of the period: 325,000 Units
• Net asset value per unit: SAR27.92
• Total expenses and fees for the period: 101,771 SAR
• Net loss for the period:  -788,604 SAR
• Yield: -8.68%

https://falcomwatch.com:9003/content/ptf20200331.pdf

The CMA has issued its resolution approving the public offer by "Falcom Investment Company " of "FALCOM Gold Fund".

An Investment decision without reading the Terms and Conditions carefully or fully reviewing its content may involve high risk. Therefore, investors should carefully read the Terms and Conditions which includes detailed information on the Fund, investment strategy and risk factors, and carefully study it to be able to assess the feasibility of taking into consideration the associated risks. If the Terms and conditions proves difficult to understand, it is recommended to refer to the fund manager for more information.

The CMA’s approval of the fund should never be considered as a recommendation to subscribe in the fund, The CMA's approval of the fund merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.

FALCOM Financial Services Company announces the change of the Board of Directors (FALCOM Petrochemical Exchange Traded Fund ) due to the resignation of the Board Member (Mohammed Al-Alwan) from the Board of Directors (independent) as of 21/ 11/2019G and appointing Board Member( Mr. Saleh ALAmire) (independent)  as of 29/01/2020 to become the Board of member of the Fund after the change:

1. 1. Moath Al-Khasawneh (non-independent member).
2. 2. Suleiman Abu Tayeh (Independent Member).

3- Mr. Saleh ALAmire (Independent Member).

FALCOM Financial Services Company announces the change of the Board of Directors (FALCOM IPO Fund) due to the resignation of the Board Member (Mohammed Al-Alwan) from the Board of Directors (independent) as of 21/ 11/2019G and appointing Board Member( Mr. Saleh ALAmire) (independent)  as of 29/01/2020 to become the Board of member of the Fund after the change:

1. 1. Moath Al-Khasawneh (non-independent member).
2. 2. Suleiman Abu Tayeh (Independent Member).

3- Mr. Saleh ALAmire (Independent Member).

FALCOM Financial Services announces the notifiable changes relating to the FALCOM IPO Fund, that becomes effective from 05/03/1441 AH corresponding to 12/29/2019.

The details pertaining to main changes include: Invest in the last 30 listed companies in the main market and the parallel market. In addition, allowing to invest in small and medium companies.

FALCOM Financial Services announce the issuance of FALCOM SAR Murabaha Fund semiannual report for the period end 30 June 2019G

• Net asset value for the period: 1,365,798,012 SAR
• Total expenses and fees for the period: 3,356,141 SAR
• Net profit for the period: 18,440,195 SAR
• Net asset value per unit: 1.24 SAR
• Number of units at end of the period: 1,101,983,073 Units
• Yield 1.51%

https://falcom.com.sa/media/1906/semi-annual-report-2019-falcom-sar-murabaha-fund.pdf

FALCOM Financial Services announce the issuance of FALCOM IPO Fund semiannual report for the period end 30 June 2019G

• Net asset value for the period: 59,440,574 SAR
• Total expenses and fees for the period: 576,191 SAR
• Net profit for the period: 2,332,516 SAR
• Net asset value per unit: 2,228.20 SAR
• Number of units at end of the period: 26,677 Units
• Yield: 4.0%

https://falcom.com.sa/media/1907/falcom-ipo-fund-semi-annual-report.pdf

FALCOM Financial Services announce the issuance of FALCOM Saudi Equity Fund semiannual report for the period end 30 June 2019G 

• Net asset value for the period: 112,771,565 SAR
• Total expenses and fees for the period: 1,057,397 SAR
• Net profit for the period 11,993,192 SAR
• Net asset value per unit: 2.01 SAR
• Number of units at end of the period: 55,989,630 Units
• Yield 11.73%

https://falcom.com.sa/media/1905/falcom-saudi-equity-fund_semi-annual-report.pdf

FALCOM Financial Services announce the issuance of FALCOM Petrochemical Exchange Traded Fund semiannual report for the period end 30 June 2019G 

• Net asset value for the period: 9,559,061 SAR
• Total expenses and fees for the period: 51,712 SAR
• Net Profit for the period:  382,222 SAR
• Net asset value per unit: 31.86 SAR
• Number of units at end of the period: 300,000 Units
• Yield: 4.20%

https://falcom.com.sa/media/1904/semi-annual-report-etf-petrochemical.pdf

FALCOM Financial Services announce the issuance of FALCOM Saudi Exchange Traded Fund (ETF30) semiannual report for the period end 30 June 2019G

• Net asset value for the period: 27,406,943 SAR
• Total expenses and fees for the period: 133,858 SAR
• Net profit for the period: 2,622,745 SAR
• Net asset value per unit: 34.26 SAR
• Number of units at end of the period: 800,000 Units
• Yield: 12.83%

https://falcom.com.sa/media/1903/falcom-etf30-semi-annual-report.pdf

Saudi Arabia’s Nayifat Finance Company, in consultation with its Financial Advisor, has decided to reschedule the roadshow and book building process for the Company's planned Initial Public Offering ("IPO"), originally planned to commence on June 24, 2019. The rescheduling is in the interest of selecting the next suitable window for the IPO.

Further updates regarding the timeline for the listing process will be announced in due course. In the meantime, Nayifat will continue to work on the implementation of various strategic initiatives, as per its current expansion plan.

https://falcomwatch.com:9003/content/Nayifat Prospectus en20190622.pdf

FALCOM Financial Services announce the issuance of FALCOM Petrochemical Exchange Traded Fund annual report for the year end 31/12/2018G:

• Net asset value for the year end 2018: SAR9,173,509
• Number of units at end of the year: 300,000
• Net asset value per unit: SAR30.58
• Total expenses and fees for the year: SAR101,381
• Net profit for the year: SAR912,906
• 2018 yield 11.04%

http://falcom.com.sa/media/1761/falcom-petrochemical-etf-annual-report-2018.pdf

FALCOM Financial Services announce the issuance of FALCOM Saudi Exchange Traded Fund (ETF30) annual report for the year end 31/12/2018G:

• Net asset value for the year end 2018: SAR19,736,568
• Number of units at end of the year: 650,000
• Net asset value per unit: SAR30.36
• Total expenses and fees for the year: SAR232,292
• Net profit for the year: SAR2,154,970
• 2018 yield 8.16%

http://falcom.com.sa/media/1760/falcom-30-etf-annual-report-2018.pdf

FALCOM Financial Services announce the issuance of FALCOM SAR Murabaha Fund annual report for the year end 31/12/2018G:

• Net asset value for the year end 2018: SAR1,097,142,704
• Number of units at end of the year: 898,604,250
• Net asset value per unit: SAR1.22
• Total expenses and fees for the year: SAR5,357,420
• Net profit for the year: SAR23,720,658
• 2018 yield 2.52%

http://falcom.com.sa/media/1763/falcom-sar-murabaha-fundannual-report-2018.pdf

FALCOM Financial Services announce the issuance of FALCOM IPO Fund annual report for the year end 31/12/2018G:

• Net asset value for the year end 2018: SAR62,093,558
• Number of units at end of the year: 28,981
• Net asset value per unit: SAR2142.56
• Total expenses and fees for the year: SAR1,422,247
• Net loss for the year: SAR8,728,272
• 2018 yield -11.50%

http://falcom.com.sa/media/1764/falcom-ipo-fund-annual-report-2018.pdf

FALCOM Financial Services announce the issuance of FALCOM Saudi Equity Fund annual report for the year end 31/12/2018G:

• Net asset value for the year end 2018: SAR103,126,897
• Number of units at end of the year: 57,205,503
• Net asset value per unit: SAR1.80
• Total expenses and fees for the year: SAR2,079,893
• Net loss for the year: SAR2,848,171.
• 2018 yield -2.70%

http://falcom.com.sa/media/1762/falcom-saudi-equity-fund-annual-report-2018.pdf

FALCOM Financial Services Company announces the change of the Board of Directors (FALCOM SAR Murabaha Fund) due to the resignation of the Board Member (Sohail Hayyan) from the Board of Directors (non-independent member) as of 25/05/1440 H corresponding to 31/12/2019G to become the Board of Directors of the Fund after the change:

1.  Moath Al-Khasawneh (non-independent member).
2. Suleiman Abu Tayeh (Independent Member).
3. 3. Mohammed Al-Alwan (Independent Member).

FALCOM Financial Services Company announces the change of the Board of Directors (FALCOM Saudi Equity Fund) due to the resignation of the Board Member (Sohail Hayyan) from the Board of Directors (non-independent member) as of 25/05/1440 H corresponding to 31/12/2019G to become the Board of Directors of the Fund after the change:

1. Moath Al-Khasawneh (non-independent member).
2.  Suleiman Abu Tayeh (Independent Member).
3. 3. Mohammed Al-Alwan (Independent Member).

FALCOM Financial Services Company announces the change of the Board of Directors (FALCOM IPO Fund) due to the designation of the Board Member (Mohammed Al-Alwan) to the Board of Directors (independent) as of 04/03/1440 H corresponding to 12 / 11/2018G and the designation of the Board Member (Sohail Hayyan) to the Board of Directors (non-independent member) as of 04/03 / 1440H corresponding to 12/11/2018G to become the Board of Directors of the Fund after the change:

1.  Moath Al-Khasawneh (non-independent member).
2.  Sohail Hayyan (non-independent member).
3.  Suleiman Abu Tayeh (Independent Member).
4. Mohammed Al-Alwan (Independent Member).

FALCOM Financial Services Company announces the change of the Board of Directors (FALCOM Petrochemical Exchange Traded Fund) due to the designation of the Board Member (Mohammed Al-Alwan) to the Board of Directors (independent) as of 04/03/1440 H corresponding to 12 / 11/2018G and the designation of the Board Member (Sohail Hayyan) to the Board of Directors (non-independent member) as of 04/03 / 1440H corresponding to 12/11/2018G to become the Board of Directors of the Fund after the change:

1. Moath Al-Khasawneh (non-independent member).
2. Sohail Hayyan (non-independent member).
3. Suleiman Abu Tayeh (Independent Member).
4. Mohammed Al-Alwan (Independent Member).

FALCOM Financial Services Company announces the change of the Board of Directors (FALCOM Saudi Exchange Traded Fund (ETF30)) due to the designation of the Board Member (Mohammed Al-Alwan) to the Board of Directors (independent) as of 04/03/1440 H corresponding to 12 / 11/2018G and the designation of the Board Member (Sohail Hayyan) to the Board of Directors (non-independent member) as of 04/03 / 1440H corresponding to 12/11/2018G to become the Board of Directors of the Fund after the change:

1. Moath Al-Khasawneh (non-independent member).
2. Sohail Hayyan (non-independent member).
3. Suleiman Abu Tayeh (Independent Member).
4. Mohammed Al-Alwan (Independent Member).

FALCOM Financial Services (Fund Manager) announces the approval of the unit holders as well as the Capital Market Authority (CMA) for a fundamental change in (FALCOM SAR Murabaha Fund). The change will take effect on 08/02/1440 H corresponding to 17/10/2018G.

The fundamental change details are: (The Fund Manager may invest up to 30% of the net asset value of the Fund in money market instruments such as Murabaha and Ijara contracts in the GCC except Qatar), and the unit holders are entitled to redeem their units before The validity of any fundamental change without imposing any redemption fees (if any).

FALCOM Financial Services announces the termination of FALCOM GCC Income Fund as of 30/07/2017. The fund will be terminated after 21 working days from its announced date.