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SNB Capital Al Jood GCC Equity Fund

Essential Fund Resources

Funds Unit Prices

0.42 MB

Semi-Annual Report

1.54 MB

Terms & Conditions

0.53 MB

Annual Report

5.30 MB

Funds Fact sheet

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Disclosures

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SNB Capital Al Jood 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 invests mainly in equities listed on the GCC markets and is compliant with Shariah standards, as well as investments in IPO and GCC equity funds, in addition to the subscription of rights issue and investment in Shariah compliant liquidity funds approved by SAMA Capital Finance offered a public offering based on return and risk. The Fund Manager normally invests a minimum of 60% of the Fund's net assets primarily in cash-yielding GCC equities that meet Shariah standards and provides a maximum of 40% liquidity to meet redemptions, cash dividends and other expenses. The Fund Manager has the right to keep part of that liquidity in the form of cash with Samba Financial Group and licensed by the Saudi Arabian Monetary Agency if he believes that the economic market conditions are relatively inappropriate for investment. On the other hand, the Fund may invest at a rate not exceeding 10% Of the liquidity in Shariah-compliant liquidity funds or Shariah compliant investment funds, which are licensed by the Capital Market Authority (CMA) and which invest in sukuk, bonds and structured products denominated in Saudi riyals, the US dollar or other GCC currencies.

Key Details & Insights

Fund Currency
SAR
Risk Category
High-Risk.
Benchmark
S&P GCC Composite Shariah Dividend Yield 10% 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
1.50% of NAV p.a.
Other expenses
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.
Offer Date
April 2017.
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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