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SNB Capital Real Estate Fund

Real Estate Funds

Essential Fund Resources

Funds Unit Prices

0.42 MB

Semi-Annual Report

0.66 MB

Annual Report‎

3.54 MB

Terms & Conditions

1.32 MB

Factsheet

0.39 MB

Disclosures

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SNB Capital Real Estate Fund

The Fund intends to invest in Saudi Arabian real estate assets, real estate companies listed on the Saudi Arabian Stock Exchange (Tadawul), liquid funds, and public real estate investment funds including REITs.

Principal Investment Strategies

The Fund intends to only invest in Saudi Arabian real estate assets, companies and funds.

The rates of the Fund’s investment diversification shall be as follows:

 

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

  1. Investment in real estate equities, public real estate investment funds, including REITs, shall not exceed 50% of the Fund’s net asset value;

  2. Total investment in real estate projects (for new development and under-development projects) shall not exceed 90% of the Fund’s net asset value;

  3. Investment in Shari’ah compliant liquid funds licensed by the CMA (including those managed by the Fund Manager) shall not exceed 20% of the Fund’s net asset value; and

  4. The Fund may not invest in any real estate project unless the developer or its subsidiaries invest at least 20% of the related project.

Fund's Key Details

Fund Currency
SAR
Risk Category
High-Risk.
Benchmark
The Fund will not be linked to any benchmark. However, the composite (15% 1M SAIBID) + (30% Dow Jones Sukuk Index TR) + (15% MSCI ACWI Islamic Composite M Series NTR USD) + (10% IdealRatings Global REITs) + (30% (3M Libor + 350bps)).
Objective
The investment objective of the Fund is to provide its unitholders with medium to long-term capital appreciation and it will reinvest any realized profit.
Minimum Subscription
SAR 25,000.
Minimum Subsequent Subscription
SAR 5,000.
Valuation Days
The last Wednesday of June and December in any Gregorian year or, if such day is not a Business Day, the immediately preceding Wednesday which is a Business Day.
Dealing Days
The last Wednesday of June and December in any Gregorian year or, if such day is not a Business Day, the immediately preceding Wednesday which is a Business Day.
Subscription Days
All Business days.
Subscription Request cut off time
Before 1 p.m. Riyadh time on each Tuesday immediately preceding the relevant Valuation Day.
Subscription Fee
1.75% of each investor’s subscription amount.
Management Fee
1 % of NAV p.a.
Other expenses
The Fund shall be responsible for its administrative, professional, operating and other expenses such as custody fees, compensation payable to members of the Fund Board, valuation, audit, legal, advisory, litigation and publication expenses. Such administrative, professional, operating and other expenses are not expected to exceed 0.65% of the Fund’s net asset value per annum, in addition to the value-added tax specified by the General Authority of Zakat and tax as applicable and this percentage does not include the white land tax.
Offer Date
February 2007.
Initial Unit Price
10 SAR.

Principal Risks of Investing in the Fund

  • Investment in the Fund involves significant risk factors and is suitable only for persons who can afford the complete loss of their investment and for persons not requiring liquidity in their investment.

     

    Each investor bears full responsibility for any financial loss resulting from an investment in the Fund unless such loss is due to the Negligence or willful default by the Fund Manager.

  • Investment risk in the fund is not as a deposit risk in a bank:

    An investment in the Fund is not a deposit in a bank or other insured depository institution, but is the acquisition of units in a real estate fund.

 

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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