Mulkia Saudi Equity Fund

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

MINI PROSPECTUS

  
Fund NameMulkia Saudi Equity Fund
SHORT NAME Mulkia Saudi Equity
FUND OBJECTIVESIncome & Growth
FUND POLICYThe Fund invests in shares of Saudi companies listed on the Saudi Stock Exchange and is in compliance with Shariah principles. The Fund also exercises voting rights according to the following http://mulkia.sa/wp-content/uploads/2019/04/Voting-Policy-SEF.pdf
FUND MANAGERMulkia Investment Company
FUND MANAGER INVESTMENT81.35%
AMOUNT INVESTED IN THE FUND BY THE FUND MANAGER20,000,000
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 performance of Benchmark Index (Ideal Ratings Saudi Equity legitimacy).
BASE CURRENCYSaudi Arabia, Riyals
INCEPTION DATE2014/08/26
INCEPTION PRICE10
FUND SUB CATEGORYShari’ah Compliant
FUND BENCHMARK Ideal Ratings
FUND TYPEOpen
RISK CATEGORYHigh
FUND CODE137002
  
Subscription Fees1.5% 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 Saudi Equities T&C 2014View
#Report NameView
12Quarterly SEF Report Q1-2019View
11Annual Report - 2018View
10Quarterly SEF Report Q4-2018View
9Quarterly SEF Report Q3-2018View
8Quarterly SEF Report Q2-2018View
7Quarterly SEF Report Q1-2018View
6Annual Report - 2017View
5Quarterly SEF Report Q3-2017View
4Quarterly SEF Report Half Year 1-2017View
3Quarterly SEF Report Half Year 1-2018View
2Quarterly SEF Report Q2-2017View
1Quarterly SEF Report Q4-2017View
#Form NameView
1Subscription Order   View
2Redemption Order   View
 20172018
YearView
Half YearView

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