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 voting policy
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.
Custody Fees0.25% 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 Saudi Equities T&C 2014View
#Report NameView
#Form NameView
1Subscription Order   View
2Redemption Order   View

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