Reports
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About Fund
Approved by CMA on 14th January 2015 Risk Profile: High Fund Currency: SAR Unit Price at Inception: SAR 1,000 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 WASATAH CAPITAL Olaya Main Street P.O. Box 50315, Riyadh 11523 Kingdom of Saudi Arabia Tel: +966 11 494 4067 Fax: +966 11 494 4205 Website: www.wasatah.com.sa Wasatah IPO Fund @
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Fund Characteristics
FUND INFORMATION * Inception Date 8/2/2015 Type Open Ended Fund Subscription & Redemption Twice a week Fund Manager Wasatah Capital Administrator Wasatah Capital Regulator Capital Market Authority Auditors KPMG Sharia’h Advisors Sharia’h Review Bureau Benchmark Provider Ideal Ratings FEE STRUCTURE * Subscription Fee 1.50% of Subscription Management Fee 1.70% per annum Administration & Custody Fee 0.40% per annum Redemption Fees Not applicable Other Fees Refer to Terms & Conditions SUBSCRIPTION & REDEMPTION INFORMATION * Min Initial Participation SAR 10,000/- Min Additional Participation SAR 5,000/- Min Required Balance SAR 10,000/- Dealing Days Monday & Wednesday Valuation Day Every business Day * Refer to Fund Terms & Conditions for detailed Fund Information, Fees and Expenses and other information
Contact Us
WASATAH CAPITAL Riyadh, Kingdom of Saudi Arabia Short Address R H G A 7 4 5 9 Building No. 7 4 5 9 Al Olaya Street Secondary No. 2 2 0 7 Al Muruj District Postal Code 12283 Riyadh Tel: +966 11 494 4067 Fax: +966 11 494 4205 Email: info@wasatah.com.sa Hashim Abbas Head of Private Equity and Corporate Finance T: +966 11 4944067 Ext: 7770 M: +966 50 44 87 953Email: h.abbas@wasatah.com.sa Sarah AlOtaibi Legal & Governance Manager Representative Officer for SAGIA T: +966 (011) 4944 067 Ext: 7779 Complaints & Feedback T: +966 (011) 4944067 Ext: 7721 F: +966 (011) 14944205complaints@wasatah.com.sa Clients Guide to Complaints Procedure Warning Customer security is the number one priority for Wasatah Capital regarding the safety of your money. We work hard to prevent our customers from becoming victims of any kind of financial crime. Therefore, Wasatah Representatives will never ask you for any bank details, personal information, or money transfer without meeting you in person, as per the rules and regulations of the Capital Market Authority. In case you wish to invest with Wasatah Capital, the money transfer will be directed only to bank accounts under the name of Wasatah Capital
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Research Department
Wasatah Capital has a team of experienced professionals that can perform independent economic and financial research. Our research creates value for our clients by informing them of current and future trends in global financial markets. Additionally, Wasatah Capital conducts proprietary research for our clients’ specific projects/needs, allowing our clients to make optimal investment decisions.
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Corporate Finance Management
Equity Private Placements Assist companies in securing equity financing through private placements to select HNWIs and institutional investors Provide clients with access to high-quality private and strategic investors raising their profile and adding strategic and financial value to their companies Mergers & Acquisitions Buy-side: sourcing, evaluation and valuation, negotiations, term sheet, due diligence, documentation, and closing. Sell-side: due diligence, valuation, structuring, preparing of offering memoranda, identifying potential buyers, marketing to potential buyers, negotiations, data room coordination, documentation, and closing Valuation services IPO Advisory Advise clients aiming to enlist their shares on the required stock exchange in all aspects of the IPO process Assist companies in their capital raising initiatives by working to optimize their capital structure and identifying the appropriate form of financing Provide assistance and advice on the development of general business strategies in the course of preparing for an IPO Private Equity Strategic partnerships in small to medium sized companies Understandable business model, strong sustainable cash flows, growth prospects, capable management, and where risks can be clearly identified and measured Focused on operating businesses Majority stake and Buy-Out investments Minority investments Other Debt Arrangement Restructuring Real Estate Funds: structuring, marketing and managing
