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SNB Capital Fund of REITs Fund

Local, GCC, and MENA Funds

Essential Fund Resources

Funds Unit Prices

0.42 MB

Semi-Annual Report

0.93 MB

Terms & Conditions

0.81 MB

Annual Report

3.38 MB

Factsheet

0.20 MB

Disclosures

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SNB Capital Fund of REITs Fund

Al-Ahli Fund of REITs Fund is an open-ended public investment fund that aims to distribute income to Unitholders through investing mainly in real estate investment traded funds (REITs), This includes the initial public offerings of REIT units. In addition, the fund can invest in open or closed income generating real estate investment funds and investment funds that invest in listed real estate companies in accordance with the investment restrictions mentioned in these terms and conditions and the information memorandum.

Principal Investment Strategies

  • AlAhli Fund of REITs Fund is the first fund of its kind, which mainly invests in real estate investment traded funds (REIT).
  • The Fund Manager selects the REIT funds in the market based on investment research and analysis including the quality of the underlying assets, the expected return and other criteria.
  • Distributing the concentration risks of real estate investments by investing in a several real estate investment funds.
  • Distribution of cash dividends received from the Fund's underlying REITs twice a year.
  • Investment opportunity with a relatively low minimum subscription of SAR 10,000 with an initial unit price of SAR 1.
  • The Fund is managed by NCB Capital, the largest Asset Manager in the Kingdom of Saudi Arabia.
  • A Shariah-compliant fund.

Fund's Key Details

Fund name and type
Al-Ahli Fund of REITs Fund is an open-ended public investment fund.
Investment Objective
Distribute income to Unitholders through investing mainly in real estate investment traded funds (REITs).
Targeted Investments
The Fund will invest in real estate traded funds (REITs), including initial public offerings of real estate investment funds, units of income generating open/close ended real estate investment funds, and units of investment funds targeting listed companies of the real estate development.
Unit Nominal Value
SAR 1.
Minimum Initial Subscription before allocation
SAR 10,000, equivalent to 10,000 Units.
Fund Manager
NCB Capital Company.
Offering period
The offering period will start on 2/04/1439 corresponding to 20/12/2017 until 7/04/1439 corresponding 25/12/2017.
Risk level
High.
Dividends Policy and Timing
Dividends are distributed twice a year (within seven working days from the end of June and December) after obtaining approval from the Fund Board. The fund manager reserves the right of distributing profits in full or partially.
Subscription Fee
The fund doesn’t charge subscription fees
Management Fee
0.50%.
Frequency of Valuation
The Fund's assets will be valued on each Saudi business day
Dealing Day
Tuesday of each week provided that tit’s a working day in the Kingdom.

Principal Risks of Investing in the Fund

For more information on the investment risks involved in this Fund, please read point number (3) of the Funds’ information memorandum.

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SNB Capital is a Saudi Joint Stock Company with a paid up capital of SAR 1,500,000,000 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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