Approved By CMA on 9th December 2015
| Risk Profile: High | Fund Currency: SAR | Unit Price Inception: SAR 1,000 |
FUND OBJECTIVE
Wasatah Saudi Equity Fund It is an open-ended investment fund that is compliant with Shariah Standard. It aims to develop capital in the medium and long term by investing in shares of companies listed on the Saudi stock market that comply with Shariah Standard. The fund invests in shares of companies listed in the Saudi stock market. Tadawul” and in the parallel market “Nomu.” The fund may also invest in each of the initial offerings and the priority rights that are tradable in the Saudi market, including the remaining priority rights, in addition to investing in local stock funds, including the initial public offering funds licensed by the Capital Market Authority, whether they are managed by the fund manager himself or another manager. Also, the fund may invest in units of real estate funds (REITs) and exchange-traded funds, taking into account that all investments are in compliance with Shariah Standard and within the permissible investment range. According to what was mentioned in the terms and conditions of the fund, the fund will not distribute any cash or capital profits to the subscribers and the distributed profits will be reinvested in the fund.
INVESTMENT STRATEGY
- Fund shall invest in stock listed on the Saudi Stock Market.
- Fund can invest in IPOS, right issues and rump offerings.
- Fund shall invest in other similar strategy equity fund and IPO funds.
- Fund shall look for fundamentally good investment opportunities having attractive risk-return profile.
- The Fund may also, invest in shariah-compliant REITs and stocks listed on Nomu Market.
- • Fund may also, from time to time, invest in short-term Islamic money market instruments.
| FUND INFORMATION * | |
| Currency of the Fund | SAR |
| Level of Risk | High |
| Fund Start Date | 01/02/2016 |
| Unit Price Upon Offering | 1,000.00 SAR |
| Size of the fund | 0.00 SAR |
| Type of Fund | Open Ended Public Fund |
| Subscription & Redemption | Twice a week |
| Fund Manager | Wasatah Capital |
| Custodian | Albilad Capital |
| Regulator | Capital Market Authority |
| Auditors | BDO |
| Sharia’h Advisors | Sharia’h Review Bureau |
| Benchmark | Ideal Ratings Saudi Islamic Index |
| The number of days of the weighted average | 55 |
| FEE STRUCTURE * | |
| Subscription Fee | 1.00% of Subscription |
| Management Fee | 1.25% per annum |
| Administration & Custody Fee | Up to 0.80% 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 |
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* Refer to Fund Terms & Conditions for detailed Fund Information, Fees and Expenses and other information |
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