iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist)

iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) is an exchange-traded fund that tracks the MSCI Saudi Arabia 20/35 Capped Index, capturing approximately 85% of the Saudi Arabian equity market through large-, mid-, and small-cap stocks across diversified sectors like finance, energy, and materials. Launched in April 2019 and domiciled in Ireland, this UCITS-compliant fund uses physical replication to mirror the benchmark, with a total expense ratio of 0.60% per annum, providing cost-efficient access to this emerging market. Managed by BlackRock's iShares platform, it incorporates single-stock caps at 20% and aggregate industry limits at 35% to reduce concentration risk, supporting diversification amid Saudi Arabia's economic reforms such as Vision 2030. Denominated in USD and distributing dividends semi-annually, it offers yields around 2.7-3.2%, paid from underlying holdings, with unhedged currency exposure for investors seeking Gulf region equities. With assets under management near EUR 17 million, it serves as a key tool for European portfolios targeting the Middle East's largest stock market.