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SNB Capital International Trade Fund

Money Market Fund

Essential Fund Resources

Fund Unit Prices

0.42 MB

Semi Annual Report

0.77 MB

Terms & Conditions

0.72 MB

Annual Report

3.28 MB

Fund Facet sheet

0.13 MB

Disclosures

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SNB Capital International Trade Fund

AlAhli International Trade Fund is an open ended investment fund which aims to provide capital preservation, liquidity and capital appreciation in a Sharia-compliant manner.

Principal Investment Strategies

The following principal investment strategies will be used:

  • Investing principally in shariah-compliant short-term financial instruments, which are for example: Murabaha, Wakala, Mudaraba and Musharaka, fixed income instruments, swaps Shariah alternatives, repurchase agreement (repo) and reverse repurchase agreement, and assets backed securities.
  • The Fund investments are concentrated in a selection of short-term financial instruments with counterparties in the Kingdom of Saudi Arabia licensed by the Saudi Arabian Monetary Agency or with other international counterparty licensed by reputable central banks. The maximum exposure of the Fund with any single counterparty shall not exceed 30% of the Fund's NAV. However, such limit shall not be applied to the Fund when dealing with the Fund Manager or any of its affiliates pursuant to Article (26) of the Investment Fund Regulations, "Principal Transactions".
  • In exceptional circumstances, the Fund may retain 100% of its assets as cash


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

Key Details & Insights

Currency
USD
Risk level
Low Risk. For more details, please see paragraph (10) of these terms and conditions
Benchmark
30 day rolling average of the 1 month US Dollar London Interbank Bid Rate (LIBID)
Minimum Investment
USD 2,000
Minimum Additional Subscription
USD 1,000
Minimum Additional Subscription through Regular Investment Scheme and alternative channels
USD 26.67 (SAR 100)
Minimum Redemption
USD 1,000
Minimum Holding of Units
USD 1,000
Valuation Days
Every Dealing Day
Dealing Days
Every Saudi business day
Subscription/ Redemption Days
Every Saudi Business day
Subscription/ Redemption Request cut off time
Before or at 12:00 PM on Dealing Days
Subscription Fee
NA
Management Fee
0.45% p.a. of the Fund’s NAV.
Other expenses
Other expenses will be charged to the Fund (including audit, Shariah, custody, data processing, finance, and other legally permitted charges). However, other expenses will not to exceed 0.5% from the Fund’s average net asset value.
Offer Date
March 1987
Initial Unit Price
USD 1.00

Principal Risks of Investing in the Fund

The Fund is of low risk and no assurance may be given by NCB Capital that any appreciation in the value of the Fund’s investments will occur. The value of the Fund’s underlying investments and the income derived from them may go down. No assurance may be given by NCB Capital that investment objectives of the Fund will actually be achieved. Moreover, past performance of the Fund, if any, is not an indication of any future growth of return.

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

SNB Capital International Trade Fund
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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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