HSBC Saudi Arabia Limited

HSBC Saudi Equity Trading Fund – SSF Fund Details

Monthly Factsheet
Fund Manager HSBC Saudi Arabia Ltd.
as of 30 September 2010
Risk/return profile High
Profile
The aim is to achieve capital growth by investing in Saudi stock companies excluding conventional banks over Inception date 1 November 1997
the medium to long term.

Inception unit price SAR 10

Top Holdings
Total number of holdings 32
Stock Weight % Sector
Al Rajhi Banking & Investment Corp. 14.11 Banking & Financial Services Bloomberg Code SABSSSF AB
Saudi Basic Industries Corp. 13.88 Petrochemical Industries

Etihad Etisalat 6.42 Telecommunication & Info Tech Minimum initial SAR 5,000
investment
Yanbu National Petrochemical Co. 6.29 Petrochemical Industries
Minimum additional SAR 2,500
Al Hassan Ghazi Ibrahim Shaker 3.85 Industrial Investment investment

Fund Composition Cut off Time Before Close of Business;

On Sunday for Monday valuation,
Sector Funds Weight in Sector % and on Tuesday for Wednesday
valuation.
Petrochemical Industries 33.45
Banking & Financial Services 18.19 Valuation Day Monday & Wednesday

Industrial Investment 10.06

Agriculture & Food Industries 9.46
Redeemed funds Two business days
Telecommunication & Info Tech 8.56 payment after valuation day
Retail 6.66
Building & Construction 6.25
Annual 1.50 %
Cement 4.57 Management fee
Multi-Investment 1.07
Energy & Utilities 0.95 Subscription fee Up to 3%
Insurance 0.47 (Upfront)

Cash 0.31

Contact Details This document is not intended for marketing

of the fund. Investors are urged prior to
making an investment decision, to refer to the
HSBC Saudi Arabia Limited terms & conditions and the appendix of the
fund, and consult with their legal/ investment
Local Investors advisor for independent opinion as to the
Toll Free Number 800 124 1212 implication of their acquiring, holding or
disposing of the units of the fund.
International Investors
Tel +966 1 299 2313 /+966 1 299 2314
Website www.hsbcsaudi.com

Issued by HSBC Saudi Arabia Limited

Authorized and regulated by Capital Market Authority
License No. 05008-37
 Fund manager comments

Review
Outlook

By the end of September 2010, The Saudi index (TASI) closed at • During the month of September regional markets recovered
6392.39, up by 4.68% compared to the previous month. Thus, the positively. Persistent gains in oil prices, easing worries of a
performance indicator YTD has achieved a positive return by 4.42%. double dip recession, as well as a general improvement in risk
appetite were some of the main catalysts that drove the rally.
Trading activity decreased by 29.58% compared to the previous
month, going down from a value traded of SAR 46.01 billion to SAR • We believe that the Saudi market will stabilize given attractive
32.40 billion due to the less trading days in September (Eid holiday). valuations and supportive oil prices. However, Blue chips
earnings for the third quarter 2010 will determine the way market
All Market sectors have witnessed positive performance during the moves. Furthermore, as global markets continue to stabilize we
month except the Retail and the Cement sectors that fell by 1.01% believe this should create an additional catalyst for the market.
and 0.02% respectively. The most outperforming sectors are the
Insurance, Petrochemical Industries and Industrial Investment
sectors; up compared to the previous month by 9.07%, 8.16% and
7.68% respectively.

Unless otherwise stated, all information is up to 30 September 2010, the information and statistical data contained herein have been obtained from source which HSBC Saudi Arabia Limited believes to be reliable; HSBC Saudi Arabia Limited makes no
guarantee, representation or warranty and accepts no responsibility as to its accuracy or completeness. The purchase of units in such a fund is not the same as placing cash on deposit with a local bank, HSBC Saudi Arabia Limited has no obligation to
redeem units as the offer value, and that the value of investments, and any income from them, can go down as well as up and is not guaranteed and that you, the investor, may not get back the amount originally invested. Changes in rates of currency
exchange, particularly where overseas securities are held, may also affect the value of your investment. The investment performance of the fund is calculated on a total return basis (i.e. with the cash dividend reinvested), while the investment performance
of the benchmark is calculated on price return basis (i.e. does not include the cash dividend paid). For more detailed information, please refer to the fund's Terms & Conditions through our website. Please refer to the section on risk factors in the fund
Terms & Conditions. Fund financials are available free of charge upon written request at any of our financial Centers.

HSBC operates in various jurisdictions through its affiliates, including, but not limited to, HSBC Bank plc, authorised and regulated by the Financial Services Authority, The Hong Kong and Shanghai Banking Corporation Limited, HSBC Securities (USA)
Inc., member of NYSE, FINBA and SIPC, HSBC Bank USA, NA, HSBC Bank Middle East Limited, authorised and regulated by the Jersey Financial Services Commission and HSBC Saudi Arabia Limited which is licensed and regulated by the Capital
Markets Authority License No 05008-37.

Issued by HSBC Saudi Arabia Limited

Authorized and regulated by Capital Market Authority
License No. 05008-37