Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices (other than those arising from interest rate risk or currency risk), whether those changes are caused by factors specific to the individual financial instrument or its issuer, or factors affecting all similar financial instruments traded in the market.
The company has investments in unquoted floating rate "sukuks" and investment in Najm for Insurance Services Company that have been classified under "held to maturity" and available for sale" respectively (see note 12). the company has no significant market risk with regards to its investments as all its investments are kept at cos.