• Launch Date:  24-October -2023
• Fund Classification:  Local - Shari’a compliant
• Sector Focus: Diversified
• Risk Level: High
• Fund Currency: Saudi Riyals (SAR)
• Valuation/Dealing Days: Mondays and Thursday
• Settlement In: 3 Business Days

Objectives:

A public open-ended equity fund aims to provide medium to long-term capital growth by investing its assets mainly in Saudi equities. including IPOs in the Main Saudi stock market (Tadawul), the Parallel Market (Nomu). and the Gulf markets within the criteria set by the Riyad Capital Sharia Committee.

Investment Strategy & Investment Universe:

The Fund Manager will follow freestyle active management strategy that enables the fund manager to take advantages of investment opportunities mainly in the Saudi markets. To achieve its goals, the fund can also invest in a wide variety of instruments to enhance its returns, for example: GCC Equities, IPOs, traded write issues, ETFs, REITs, Private Equities of pre-listing companies, Fixed Income, Financial Derivatives & Money Market.

Minimum Subscription, Additional Subscription and Redemption limits:

Minimum subscription: 5000 SAR

Minimum additional subscription or redemption: 1,000 SAR

Fees and charges:

Subscription fee: up to 1% of the subscription value

Management fee: 2% annually of the fund’s total assets (net of fund’s fees & expenses)

Past performance is not a guarantee of future returns. The value of units, the income from them, the prices and currencies of the funds, can go down as well as up. Investors may get back less than he or she originally invested. Additionally, fees shall apply on the fund. Changes in currency rates may have an adverse effect on the value, price or income of the security. To ensure proper understanding of the fund and its suitability for you according to your risk tolerance, we recommend that you seek a specialized investment advisor. More information about the fund is available in the Terms and Conditions applicable to that fund and must be read carefully before investing. While reading the fund’s Terms and Conditions, please refer to the principal risks of investing in the Fund.
 

Voting Policy

Shareholders in public companies typically have voting rights associated with their stock holdings. These voting rights allow shareholders (including institutions such as Riyad Capital on behalf of all mutual funds and portfolios it manages) to vote at annual and special company meetings.

The typical agenda for each company meeting will include more than one proposal, such as Election of directors, Dividend payout, Capital adjustment, or approval of a Merger or Acquisition. Proposals are most commonly put forth by the company's management, but may be submitted by a shareholder as well. The company's management may provide a voting recommendation for each proposal, and each proposal is evaluated separately by Riyad Capital relative to our proxy voting guidelines.

Voting Policy Guidelines

(I) Auditors

We generally vote in favor of the proposed auditor, as long as it is one of the reputed auditors.

(II)Extraordinary Business Combination Transactions

Votes on mergers and or acquisitions and corporate restructuring proposals are considered on a case-by case basis, taking into account the following:

• Anticipated financial and operational benefits
• Offer price (cost v. premium)
• Prospects of the resulting company

(III) Election of Directors

As a matter of policy, Riyad Capital will not participate in voting for any board member nominees relating to a company in which RC funds are investing, unless in cases where RC has no doubt that such participation is clearly required to protect the interest of the underlying company and /or the funds shareholders.

(IV) Dividend Payout & Capital Adjustment

Votes on Dividend payout & Capital adjustment are considered on a case-by-case basis, taking into account the financial position and strategy of the company, the sector it operates in and the current and prospective market environment.
 

How to apply

You can apply through one of the following:

• Through Riyad Capital Online
• By contacting Riyad Capital via phone and applying through the Interactive Voice Response (IVR)
• By visiting the nearest Riyad Capital Center and applying through one of the Customer Service representatives

• Appointing a zakat and tax advisor for the fund and adding the related information;
• Adding regulatory disclosures related to Zakat;  
• Adding the zakat and tax advisor’s expenses to the schedule of fees and expenses;
• Reconstitution of the Fund’s Board of Directors

• Appointing a zakat and tax advisor for the fund and adding the related information;
• Adding regulatory disclosures related to Zakat;  
• Adding the zakat and tax advisor’s expenses to the schedule of fees and expenses;
• Reconstitution of the Fund’s Board of Directors

1. (Mr./ Raed Albarakati), (membership status: Dependent)
2. (Mr./ Abdullah AlFaris), (membership status: Dependent)
3. (Mrs./ Amal Alahmad), (membership status: Dependent)
4. (Mr./ Abdullah Alshubaily), (membership status: Independent)
5. (Mr./ Faisal AlMekanzi), (membership status: Independent)
6. (Mr./ Sattam Al Suwailem), (membership status: Independent)

• The date of the end of the offering: 23/10/2023
• The collected amount: SR 101,171,195.29
• Date of fund operation: 24/10/2023