The Fund is an open-ended fund which aims to achieve long-term capital growth with distribution of semi-annual profits through investing in shares of Saudi companies listed in in the main and parallel (Nomu) markets. The Fund may invest up to 10% of the Fund NAV in real estate investment traded funds.
The Fund shall mainly invest in securities of companies listed on Tadawul that are compliant with Shariah provisions. the Fund’s investments shall include investments in shares of companies listed in the parallel (Nomu) market and real estate investment traded fund. The Fund may operate a strategy that excludes certain industries but will retain the highest possible degree of flexibility although it will limit its investments to the Kingdom.
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.
