Al Rajhi MENA Dividend Growth Fund

Asset Management

Objective

Achieve total return through the integration of current income with capital appreciation by investing in shares of shariah compliant companies across the MENA region.

Fund Type
Open Ended Equity Fund
Fund Domicile
Saudi Arabia
Risk Level
High
Inception Date
17 March 2012
Inception Price
SAR 100 Per Unit
Fund Currency
Saudi Riyals
Benchmark
S&P MENA Shariah Dividend Growth Index
Subscription Fee
Maximum 2.00 % of subscription amount
Management Fee
1.75% Annually
Performance Fee
Nil
Minimum Subscription
SAR 5,000
Minimum Additional Subscription
SAR 2,000
Minimum Redemption
SAR 2,000
Valuation Frequency & Days
Bi-Weekly - Monday & Wednesday
Cut-Off Time & Day
Before 5 PM - Prior to Valuation Day
Announcement & Payment Day
Following the Valuation Day (Tuesday & Thursday)
Date of Dividend Payout
15 October 2019
Dividend per Unit
2.00 Saudi Riyals
Fund Features
Fund Type Open Ended Equity Fund
Fund Domicile Saudi Arabia
Risk Level High
Inception Date
17 March 2012
Inception Price SAR 100 Per Unit
Fund Currency Saudi Riyals
Benchmark S&P MENA Shariah Dividend Growth Index
Subscription Fee Maximum 2.00 % of subscription amount
Management Fee 1.75% Annually
Performance Fee Nil
Minimum Subscription SAR 5,000
Minimum Additional Subscription SAR 2,000
Minimum Redemption SAR 2,000
Valuation Frequency & Days Bi-Weekly - Monday & Wednesday
Cut-Off Time & Day Before 5 PM - Prior to Valuation Day
Announcement & Payment Day Following the Valuation Day (Tuesday & Thursday)
Cash Dividend Distribution
Date of Dividend Payout 15 October 2019
Dividend per Unit 2.00 Saudi Riyals

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