Al Rajhi Saudi Equity Income Fund

Asset Management

Features

  • Profit distribution and capital growth.
  • Distribution of semi-annual profit.
  • Investing in companies that provide returns and a high competitive ability for growth.
  • Seasoned advice from Al Rajhi Capital experts with vast experience in the Saudi Stock market.

Objective

Al Rajhi Saudi Equity Income Fund is an open-ended investment fund, which aims to distribute long-term income and growth, by investing in Shariah compliant Saudi stocks.
Fund Type
Open Ended Equity Fund
Fund Manager
Al Rajhi Capital
Risk Level
High
Eligible Subscribers
Any qualified natural person or corporate body recognized as such by Saudi regulations
Fund Currency
Saudi Riyals
Benchmark Index
S&P Saudi Arabia Shariah Dividend Custom index
Minimum Subscription
SAR 5,000
Acceptance of Subscription and Redemption Applications
All official business days in Saudi Arabia (Sunday – Thursday)
Deadline for Receipt of Subscription and Redemption Applications
5:00 p.m. of the day preceding the valuation day
Minimum Redemption
SAR 2,000
Pay-out of Redeemed Units
Unit holders will be paid the appropriate proceeds of redemption before the close of business on the fourth day following the valuation point at which redemption price was determined or the time at which all means and licenses (if any) needed for the transfer of units are available for the Fund Manager, whichever comes later.
Valuation Days & Dealing days
Sunday & Wednesday
Subscription Fees
Up to a maximum of 2% of the subscription amount
Management Fees
1.75% per annum of the net value of the Fund’s assets payable upon valuation and deductible from the Fund’s assets at the close of each calendar month.
Other expense ratio
Maximum 0.25% p.a. of the average net asset value of the Fund. Only the actual expenditure is calculated. See item No. 36 from Terms & Conditions of the Fund to know how to calculate the expenses, the method and time of their collection.
Unit Price at Issuance
SAR 10
Date of Dividend Payout
31 October 2019
Dividend per Unit
0.30 Saudi Riyals
Fund Features
Fund Type Open Ended Equity Fund
Fund Domicile Al Rajhi Capital
Risk Level High
Eligible Subscribers Any qualified natural person or corporate body recognized as such by Saudi regulations
Fund Currency Saudi Riyals
Benchmark Index S&P Saudi Arabia Shariah Dividend Custom index
Minimum Subscription SAR 5,000
Acceptance of Subscription and Redemption Applications All official business days in Saudi Arabia (Sunday – Thursday)
Deadline for Receipt of Subscription and Redemption Applications 5:00 p.m. of the day preceding the valuation day
Minimum Redemption SAR 2,000
Pay-out of Redeemed Units Unit holders will be paid the appropriate proceeds of redemption before the close of business on the fourth day following the valuation point at which redemption price was determined or the time at which all means and licenses (if any) needed for the transfer of units are available for the Fund Manager, whichever comes later.
Valuation Days & Dealing days Sunday & Wednesday
Subscription Fees Up to a maximum of 2% of the subscription amount
Management Fees 1.75% per annum of the net value of the Fund’s assets payable upon valuation and deductible from the Fund’s assets at the close of each calendar month.
Other expense ratio Maximum 0.25% p.a. of the average net asset value of the Fund. Only the actual expenditure is calculated. See item No. 36 from Terms & Conditions of the Fund to know how to calculate the expenses, the method and time of their collection.
Unit Price at Issuance SAR 10
Cash Dividend Distribution
Date of Dividend Payout 31 October 2019
Dividend per Unit 0.30 Saudi Riyals

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