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SNB Capital Al Ataa GCC Equity Fund

Local & Regional Equity Funds

Leadership team

Funds Unit Prices

0.42 MB

Semi-Annual Report

1.49 MB

Terms & Conditions

0.56 MB

Annual Report‎

0.55 MB

Funds Fact sheet

0.42 MB

Disclosures

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SNB Capital Al Ataa GCC Equity Fund

The Fund is an open-ended fund which aims to achieve long-term capital growth and income generation through investing in shares of companies listed on GCC Stock Exchanges that are compliant with Shariah provisions.

Principal Investment Strategies

The Fund shall mainly invest in shares of companies listed on GCC Stock Exchanges (including IPOs and rights issue) that are compliant with Shariah provisions. The Fund promises biannual cash distributions of 2.5% of the Fund’s net assets. The Fund seeks to diversify its investment portfolio across various sectors to avoid concentration on any particular sector so long as such investments are compliant with Shariah provisions. In addition, the Fund’s investments shall include investments in CMA-licensed Shariah compliant public investment funds, Shariah compliant liquidity investment funds and real estate investment traded fund.

Key Details & Insights

Fund Currency
SAR
Risk Category
High Risk
Benchmark
S&P GCC Composite Shariah Index
Objective
The Fund is an open-ended fund which aims to achieve long-term capital growth and income generation through investing in shares of companies listed on GCC Stock Exchanges that are compliant with Shariah provisions.
Minimum Subscription
SAR 5,000
Minimum Subsequent Subscription
SAR 2,500
Valuation Days
Monday and Wednesday each week
Dealing Days
Monday and Wednesday each week
Subscription Days
Business Days
Subscription Request cut off time
10 a.m. on the dealing day
Subscription Fee
Not Applicable
Management Fee
1.75% of NAV p.a.
Other expenses
These fees and expenses are not expected to exceed 0.5% of the NAV, and shall be calculated on each Valuation Day. This limit (i.e. 0.5% of the NAV) also covers fees and expenses payable by the Fund other than management, custody, dealing and borrowing fees and expenses..
Offer Date
October 2015
Initial Unit Price
SAR 10

Principal Risks of Investing in the Fund

  • The Fund is suitable for an investor who seeks capital growth and income generation and at the same time is willing to accept the high risks associated with equity markets generating potential returns on a long-term basis. However, the Fund is subject to high market volatility (due to the composition of its portfolio) and, as a result, the Unit price may rise or fall, and upon redemption, the Unitholder may not be able to recover all or any of the principal invested amount

  • Past performance of the Fund or past performance of the Index is not an indicator of the future performance of the Fund.

  • There is no guarantee that the Fund’s absolute performance or its performance relative to the Index will repeat or match past performance.

  • Investment in the Fund is not equivalent to making a deposit with a bank

  • Investors are hereby at risk that they may lose some or all of the money they invest in the Fund. Furthermore, Investor’s investments in the Fund shall not constitute guaranteed liabilities of the Fund Manager or any affiliate or subsidiary, but shall be subject to the investment risks. The Fund Manager shall not be liable for any claim(s) whatsoever, for any lost opportunity or any actual loss that may be incurred by the Investor, except in case of the wilful default or gross negligence of the Fund Manager, subject always to the risks set out in this Information Memorandum.

For more information on the Fund’s investment strategies please refer to the Terms & Conditions.

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SNB Capital is a Saudi Joint Stock Company with a paid up capital of SR1,000 million and is authorised by the Capital Market Authority of the Kingdom of Saudi Arabia with a license number 37-06046 granted by Capital Market Authority to carry out dealing, as principal and agent, and underwriting, managing, arranging, advising and custody, with respect to securities. SNB Capital Company, CR1010231474, the registered office is at King Saud Road, Regional Building P.O. Box 22216, 11495 Riyadh, Kingdom of Saudi Arabia. +966 11 874 7106

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