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://mulkia.sa/wp-content/uploads/2019/04/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.Excluding VAT
Custody Fees0.06% yearly of Fund is Net Asset Valuation – Minimum of 60,000 riyals annually calculated daily and paid monthly Excluding VAT
Redemption FeesNone
Auditor FeesSAR 30,000 Per Annum – calculated daily and Paid every six months Excluding VAT
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 Excluding VAT
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 43,000 Per Annum – calculated daily and Paid every six months
Benchmark Index FeesSAR 26,250 Per Annum – Paid beginning of fiscal year and calculated daily
#File NameView
1Mulkia IPO Fund T&C 2016View
#Report NameView
12Quarterly IPO Report - Q1 2019View
11Annual Report - 2018View
10Quarterly IPO Report - Q4 2018View
9Quarterly IPO Report - Q3 2018View
8Quarterly IPO Report - Q2 2018View
7Quarterly IPO Report - Q1 2018View
6Annual Report 2017View
5Quarterly IPO Report - Q3 2017View
4Quarterly IPO Report - Q2 2017View
3IPO Report - Half 1 Year 2017View
2IPO Report - Half 1 Year 2018View
1Quarterly IPO Report - Q4 2017View
#Form NameView
1Subscription Order   View
2Redemption Order   View
 2018201720162015
AnnualVeiwViewViewView
Semi-annualView ViewViewView

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