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SNB Capital Al Musahem GCC Fund

Local & Regional Equity Funds

Leadership team

Funds Unit Prices

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Semi-Annual Report

1.54 MB

Terms & Conditions

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Annual Report

3.50 MB

Funds Fact sheet

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Disclosures

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SNB Capital Al Musahem GCC Fund

The Fund is an open-ended equity fund which aims to achieve long-term capital growth through investing in shares of companies listed on GCC markets. Note that the investments in the above securities include initial public offerings, additional offerings, priority rights offerings and other public offerings.

Principal Investment Strategies

The Fund invests primary in the shares of companies listed in the GCC markets. In addition, the Fund may invest in shares of companies listed on the Saudi Parallel Market (Nomu). The Fund may also invest in investment funds that invest in the Saudi or GCC markets and Exchange Traded Funds (ETFs) licensed by the Capital Market Authority and/or official Authorities in the GCC countries that apply regulatory standards and requirements at least similar to those applied by the Capital Market Authority or the Central Bank. Investing surplus cash in GCC money market transactions or funds.

If the fund invests in money market instruments, minimum credit rating for most of the Fund’s and counterparty’s underlying Investments will be as determined by an international rating agency with a minimum rating of: Standard & Poor’s BBB-/Moody’s Baa3/Fitch BBB-. Noting that the investments in the above securities include Initial public offerings, additional offerings, rights offerings and other public offerings.

 

For more information on the Fund’s Investment Strategies please refer to the Terms & Conditions.

Key Details & Insights

Fund Currency
SAR
Risk Category
High-Risk.
Benchmark
S&P GCC Composite Index
Objective
"The fund is an open-ended public fund that aims to capital growth in the long term by investing in GCC stocks. Note that the investments in the above securities include initial public offerings, additional offerings, priority rights offerings, and other public offerings."
Minimum Subscription
SAR 7,500.
Minimum Subsequent Subscription
SAR 2,000.
​Minimum Redemption
​SAR 2,000.
Valuation Days
Monday and Wednesday each week.
Dealing Days
Monday and Wednesday each week.
Subscription Request cut off time
12 p.m. on the Business Day preceding the relevant Dealing Day.
Subscription Fee
Up to 2% of the amount paid by the investor.
Management Fee
1.95% annually from the fund’s assets after deducting other expenses and accrued liabilities.
Other expenses
TThese fees and expenses are not expected to exceed 0.5% of the NAV, and shall be calculated on each valuation Day. For more information please refer to paragraph (9) “Fees, Charges and Expenses” of this Terms & Conditions.
Offer Date
2006/10/08
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 the Terms & Conditions.

 

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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