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SNB Capital GCC Financial Sector Fund

Sector Funds

Essential Fund Resources

Funds Unit Prices

0.42 MB

Semi-Annual Report

0.77 MB

Terms & Conditions

0.77 MB

Annual Report

4.32 MB

Factsheet

0.23 MB

Disclosures

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SNB Capital GCC Financial Sector Fund

The Fund is an open-ended equity fund. The fund aims to achieve long-term capital growth through investing in the shares of the financial sector companies which listed in the GCC stock markets that have growth opportunities in terms of profits and cash flows.

Principal Investment Strategies

The Fund invests mainly in the shares of financial sector companies which listed in the GCC financial markets. Noting that the investments in the above securities include investing in shares of companies listed in the parallel market, other investment funds, initial public offerings, additional offerings, and rights issues. In addition to cash and money market instruments.

 

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

Fund's Key Details

Fund Currency
SAR
Risk Category
High-Risk.
Benchmark
S&P GCC Composite Financials TR in USD Sector.
Objective
The Fund is an open-ended equity fund. The fund aims to achieve long-term capital growth through investing in the shares of the financial sector companies which listed in the GCC stock markets that have growth opportunities in terms of profits and cash flows.
Minimum Subscription
SAR 5,000
Minimum Subsequent Subscription
SAR 2,000
Valuation Days
Every business day.
Dealing Days
Every business day.
Subscription Fee
2% of subscriptions amount.
Management Fee
1.95% of NAV p.a.
Other Expenses
The Fund Manager reserves the right to charge the Fund any other actual fees and expenses, allowed to be charged by regulations, such as custody fees, auditor fees, remuneration of independent directors of the Fund Board, Shariah Committee services fees, CMA fees, Tadawul fees, as well as administrative, data processing and operational expenses, expenses relating to unitholder meetings, report printing expenses, out of pocket expenses and others. The other fees and expenses will be reviewed by the Fund Manager on quarterly basis (every three months) and will not exceed in total 1.5% of the average value of the Fund’s assets.
Offer Date
05/09/1444H corresponding to 27/03/2023G, the fund manager reserves the right to start the fund before this day in case that the minimum targeted amount to start operating the fund has been collected.
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. The past performance of the Fund or past performance of the Index is not an indicator of the future performance of the Fund.

 

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

Legal
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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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