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SNB Capital- King Saud University Waqf Fund

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Essential Fund Resources

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Semi-Annual Report

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Annual Report‎

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Factsheet

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Terms & Conditions

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Disclosures

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SNB Capital- King Saud University Waqf Fund

‌The fund aims to achieve medium to long term capital growth and preservation and to distribute a percentage from the returns (Waqf Yield) on an annual basis on the Waqf Disbursement Channels determined to the fund which are: to support the development and research, University education, and community service through the beneficiary party by investing in a portfolio of a medium risk level which invests in various types of assets that comply with the Sharia Committee’s guidelines. In addition to achieving a better or equivalent performance to the benchmark on the basis of three renewable years (to be calculated on an annual basis). Also, the fund aims to support the university to achieve its objectives to provide a sustainably financial future and to encourage scientific research and charity inside the University.

Principal Investment Strategies

The Fund will invest in variety of assets that comply with the Sharia Committee’s guidelines including the following securities:

  • Money Markets Instruments: these include, but are not limited to Money Market Transactions, and investment funds investing primarily or partially in Money Market Transactions authorized by the Authority or authorized by another regulatory body according to regulations which are at least equivalent to those applied to investment funds in the Saudi Arabia.
  • Sukuk: these includes, but are not limited to, listed or non-listed Sukuk, Sukuk initial offering, Sukuk funds, and Sukuk-Linked certificates and issued by; including, a government entity or a sovereign entity, or a private entity such as companies and financial institutions.
  • Listed Equities: these include equities listed in the capital markets inside the Kingdom – main market – or outside the Kingdom and initial public offerings, and Rights Issue in addition to the exchange-traded funds (ETFs), the certificates, investment funds which will invest in listed equities that are licensed by the Authority or authorized by another regulatory body according to regulations which are at least equivalent to those applied to investment funds in the Saudi Arabia.
  • Real Estate Investment Trust (REITs).
  • Alternative Investments: investments in securities include but are not limited to: certificates, shares, investment fund’s units offered publicly or privately authorized by the Authority or authorized by authorized or by another regulatory body according to regulations which are at least equivalent to those applied to investment funds in the Saudi Arabia which invest or provide a return associated with the following investments: 

- Trade finance deals

- Supply chain

- Working Capital Finance

- Agricultural Investments

- Private Equity Investments

- Private Debt Instruments

- Infrastructure Investments

- Real Estate

- Leasing

- Asset-Backed Investment

- Private Equity 

- Agricultural lands

- Gold and others.

  • Investments in other investment fund’s units: provided that it shall comply with the Sharia guidelines and managed by a fund manager or any other Capital Market Institutions registered with the Authority, or authorized by another regulatory body according to regulations which are at least equivalent to those applied to investment funds in the Saudi Arabia as described in subparagraph (j).

 

 

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

Fund's Key Details

Fund Currency
SAR.
Risk Category
Medium Risk.
Benchmark
(15% 1M SAIBID) + (30% Dow Jones Sukuk Index TR) + (15% ACWI Islamic Composite M Series NTR USD) + (10% MSCI IdealRatings Global REITs) + (30% (3M Libor + 350bps)).
Objective
To achieve medium to long term capital growth and preservation and to distribute a percentage from the returns (Waqf Yield) on an annual basis on the Waqf Disbursement Channels determined to the fund which are: to support the development and research, University education, and community service through the beneficiary party by investing in a portfolio of a medium risk level which invests in various types of assets that comply with the Sharia Committee’s guidelines. In addition to achieving a better or equivalent performance to the benchmark on the basis of three renewable years (to be calculated on an annual basis). Also, the fund aims to support the university to achieve its objectives to provide a sustainably financial future and to encourage scientific research and charity inside the University.
Minimum Subscription
SAR 100.
Minimum Subsequent Subscription
SAR 100.
Valuation Days
From Monday to Thursday provided that they are Saudi Business Days.
Dealing Days
From Monday to Thursday provided that they are Saudi business days.
Subscription Request cut off time
Before or at 11:00 AM on the Saudi Business Day prior to the Dealing Day.
Subscription Fee
Not Applicable.
Management Fee
0.75% of Net Asset Value of the Fund
Other expenses
The Fund Manager reserves the right to charges the Fund other expenses such as Custody fees, Shariah Committee services fees, data processing, auditor fees, and other similar charges allowed by regulations. However, other expenses are not expected to exceed 1.50% from the Fund’s NAV.
Offer Date
October 2021.
Initial Unit Price
1 SAR.

Principal Risks of Investing in the Fund

  • The Fund is considered to be of Medium risk, and SNB Capital gives no assurance that any appreciation in the value of the Fund’s Investments will occur, or that the value of the Fund’s underlying investments and the income derived from them may go down.  SNB Capital gives no assurance that the Fund’s investment objectives will be achieved.
  • The past performance of the Fund or the Benchmark is not an indication of their future performance. The performance of the Fund is subject to fluctuations according to the financial market conditions. Therefore, the Units’ value might drop or Unitholders might lose some or all of their invested capital. There is no guarantee that the performance of the fund will be repeated or its performance relative to the Benchmark similar to the expected fund performance.
  • The Fund does not guarantee that its absolute performance or its performance relative to the Benchmark will be repeated or similar to any past performance.
  • Investment in the Fund is not a deposit with any local bank that promotes or sells securities or affiliated with the Investment Fund or the Fund Manager. Therefore, Unitholders might lose some or all of their investments.
  • The Subscribers/Waqifs may lose the Waqf money invested in the Waqf investment Fund and as a result of this loss, it might be a reduction of the Waqf Yields distributed on the Waqf disbursement channels. 

 

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 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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