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SNB Capital Saudi Riyal Trade Fund

Money Market Fund

Essential Fund Resources

Funds Unit price

0.42 MB

Semi Annual Report

1.81 MB

Terms & Conditions

0.66 MB

Annual Report

3.42 MB

Funds Facet Sheet

0.25 MB

Disclosures

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SNB Capital Saudi Riyal Trade Fund

AlAhli Saudi Riyal 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 transactions, 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
Saudi Riyal
Risk level
Low Risk
Benchmark
Thirty (30) days rolling average of the 1 month Saudi Riyal Interbank Bid Rate (SAIBID)
Objectives
To provide capital preservation, liquidity and capital appreciation
Minimum Investment
SAR 5,000
Minimum Additional Subscription
SAR 2,000
Minimum Additional Subscription through Regular Investment Scheme and alternative channels
SAR 100
Minimum Redemption
SAR 2,000
Minimum Holding of Units
SAR 2,000, with the exception of participants through Regular Investment Schemes
Dealing Days
Every Saudi business day
Subscription/ Redemption Request cut off time
On the subscription day, before or at 12:00 PM provided that it is a dealing day
Subscription Fee
NA
Management Fee
0.65% p.a. of the Fund’s NAV
Payment of Redemption Proceeds
Redemption Proceeds will be made available to the Unitholder before the close of the third business day following the valuation point.
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
April 1995
Initial Unit Price
SAR 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

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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