Blom Saudi Arabia Fund - BLOMINVEST Saudi Arabia

Blom Saudi Arabia Fund 2017 Interim Fund Report  Fund Manager BLOMINVEST Saudi Arabia, with its registered office at Al Oula Building, 3rd floor, King Fahad Road, Riyadh, P.O. Box 8151, Riyadh 11482, Saudi Arabia.  Names and addresses of sub-manager and/or investment adviser The Fund Manager did not appoint a sub-manager or investment advisor  Investment activities during the period TASI was contained within tight levels (6800s- 7200s) during the first 6-months of the year, in absence of a great deal of news or major drivers post the 2016 Q4 rally. Catalyst of inclusion in MSCI’s Emerging Markets Index watchlist coinciding with the announcement of HRH Mohammed Bin Salman being appointed crown prince, led to Tadawul ending the period with an overall increase of 2.9% YTD, even though Oil hit its 6-mothns low around the same time. The Fund Manager exploited the rally through the Fund’s sizable exposure to conventional banks and large retailers, beating TASI by 1% and closing Q4 with an increase of 3.8%.  Investment fund’s performance during the period The Fund ended the year up 3.8% vs. 2.9% for the benchmark

1040 1020 1000 980 960

NAV

940

TASI

920 21/02/1900

18/02/1900

15/02/1900

12/02/1900

09/02/1900

06/02/1900

03/02/1900

31/01/1900

28/01/1900

25/01/1900

22/01/1900

19/01/1900

16/01/1900

13/01/1900

10/01/1900

07/01/1900

04/01/1900

01/01/1900

900

 Details of any material changes made during the period No material changes took place during the period  Investment fund invests substantially in other investment funds The Fund does not invest in other mutual funds