About Fund

Approved by CMA on 14^th January 2015

FUND OBJECTIVE

Wasatah IPO Fund is a shariah Compliant open-ended investment fund that aims to achieve mid to long-term capital appreciation and provide its investors with positive returns (on an after-all-expenses basis). The Fund primarily invests in Initial Public Offerings (IPOS), rights issues including rump offerings, and stocks for companies listed within the 3 years on Saudi Stock Market. Fund to reinvest all realized capital gains and/or any investment income, and the Fund shall not make any dividend distributions to its unit holders.

INVESTMENT STRATEGY

• The Fund shall participate in new Initial Public Offerings (IPOs).
• The Fund shall invest in shariah-compliant stocks listed within the last 3 years on Saudi Stock Exchange.
• The Fund shall look for fundamentally good investment opportunities having attractive return/risk profile.
• The Fund may also, from time to time, invest in short-term Islamic money market instruments.
• The Fund may also participate in secondary offerings i.e., rights issues and/or rump offering.
• For Risks of investment in Fund, refer to T&C

TERMS & CONDITIONS