Mulkia IPO Fund

Mulkia IPO Fund  is an open-ended fund that aims to achieve medium to long-term capital growth by investing in the Initial Public Offering of securities in the Saudi capital market and in securities listed in the Saudi capital market for less than three years which comply to Sharia’ rules. The fund also aim to achieve returns that exceed the benchmark index growth (IdealRating Saudi IPO Index). The fund will not distribute any dividends to unitholders and dividends will be re-invested in fund.

MINI PROSPECTUS

  
Fund NameMulkia IPO Fund
SHORT NAMEMulkia IPO
FUND OBJECTIVESIncome & Growth
FUND POLICYThe Fund invests in the Initial Shares and Shares of newly listed companies in the Saudi Stock Exchange and is in compliance with Shariah Rules. The Fund Manager exercises voting rights according to the following voting policy http://www.mulkia.com.sa/Voting-Policy-IPO.pdf
FUND MANAGERMulkia Investment Company
FUND MANAGER INVESTMENT21.44 %
AMOUNT INVESTED IN THE FUND BY THE FUND MANAGER12,860,820
BUSINESS DAYSbusiness day from Sunday to Thursday with the exception of public holidays for the KSA
FUND CATEGORYEquity Funds – Local
FUND DETAILED OBJECTIVECapital development on the medium to long term, as the fund aims to achieve a return higher than the growth rate of Benchmark.
BASE CURRENCYSaudi Riyals
INCEPTION DATE 2014/08/12
INCEPTION PRICE10
FUND SUB CATEGORYShari’ah Compliant
FUND BENCHMARK Ideal Ratings
FUND TYPEOpen
RISK CATEGORYHigh
FUND CODE137001
  
Subscription Fees 1.5% of subscription amount – deducted from subscription amount directly.
Management Fees1.5% yearly of Fund’s Net Asset Valuation – calculated Daily and paid Quarterly.
Custody Fees 0.25% yearly of Fund’s Net Asset Valuation – calculated Daily and paid Quarterly
Redemption FeesNone
Auditor FeesSAR 30,000 Per Annum – calculated daily and Paid every six months
Fund Financing ExpenseDepends on the market price
CMA Review FeesSAR 7,500 Per Annum – Paid upon demand and calculated daily
Tadawul FeesSAR 5,000 Per Annum – Paid upon demand and calculated daily
Fund’s Board RemunerationsSAR 5,000 per meeting attendance for each independent member with a ceilling of SAR 30,000 Per Annum – calculated daily and paid after meetings directly
Sharia Committee RemunerationsSAR 33,000 Per Annum – calculated daily and Paid every six months
Benchmark Index FeesSAR 28,125 Per Annum – Paid beginning of fiscal year and calculated daily
#File NameView
1Mulkia IPO Fund T&C 2016View
#Report NameView
#Form NameView
1Subscription Order   View
2Redemption Order   View

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