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SNB Capital Saudi Large-Mid Cap Equity Fund

Sector Funds

Essential Fund Resources

Funds Unit Prices

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Semi-Annual Report

0.78 MB

Terms & Conditions

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Annual Report

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Factsheet

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Disclosures

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SNB Capital Saudi Large-Mid Cap Equity Fund

The Fund is an open-ended fund which aims to achieve long-term capital growth through investing in shares of companies listed on Tadawul in the primary and parallel (Nomu) markets which are compliant with Shariah provisions. The Fund may invest up to 10% of the Fund NAV in real estate investment traded funds.

Principal Investment Strategies

This fund invests mainly in S&P index for Saudi equities compliant with Shariah provisions (SPSHDSAL). The fund manager is not entitled to invest in more than 10% of the fund’s assets beyond the indicative index, noting that the fund does not invest in equities not compliant with Shariah provisions. The Fund shall mainly invest in securities (shares and real estate investment traded funds) listed on the Exchange which are compliant with Shariah provisions and Money Instruments. 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.

Fund's Key Details

Fund Currency
SAR
Risk Category
High-Risk.
Benchmark
S&P Saudi Arabia Shariah Domestic price in Local Currency Index.
Objective
The Fund is an open-ended fund which aims to achieve long-term capital growth through investing in shares of companies listed on Tadawul in the primary and parallel (Nomu) markets which are compliant with Shariah provisions. The Fund may invest up to 10% of the Fund NAV in real estate investment traded funds.
Minimum Subscription
SAR 7,500.
Minimum Subsequent Subscription
SAR 2,000.
Valuation Days
Monday and Wednesday each week.
Dealing Days
Monday and Wednesday each week.
Subscription Days
Business Days.
Subscription Request cut off time
10 a.m. on the dealing day
Subscription Fee
Not Applicable.
Management Fee
1.75% of NAV p.a.
Other expenses
These fees and expenses are not expected to exceed 0.5% of the NAV, and shall be calculated on each Valuation Day. This limit (i.e. 0.5% of the NAV) also covers fees and expenses payable by the Fund other than management, custody, dealing and borrowing fees and expenses.
Offer Date
December 2002.
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

  • 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.

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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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