Al Rajhi Capital | Al Suqia Associations Endownment Fund

Objective

Al Suqia Associations Endownment Fund is an open ended multi-asset endownment fund which aimed at encouraging the voluntary community engagments through Developmental Non-Profit Investments and the effective contribution under the concept of Social Solidarity for the participation in supporting Al Suqia Associations (water aid associations) across the Kingdom of Saudi Arabia in order to grow and invest their assets in the fund for the purpose of enhancing the value of these associations and growing the endowned capital, for the best interest of Al Suqia projects in the Kingdom through well drilling, establishing and maintaining of desalination plants, providing potable water and water sources, and satisfying the community's needs through innovative projects. In addition, the fund is also aimed at qualifying and training the working staff, and establishing the entities that contribute to the achievemnt of the primary goals of the associations that invests in the fund.

Fund Features

To participate in supporting Al Suqia Associations (water aid associations) across the Kingdom of Saudi Arabia to grow and invest their assets in the fund for the purpose of enhancing the value of these associations and growing the endowned capital, for the best interest of Al Suqia projects in the Kingdom.

Terms & conditions Zakat Collection on Mutual Funds Fund Brochure

Fund Features

Fund Type

An open-ended multi-asset endowment fund

Fund Domicile

Saudi Arabia

Risk Level

moderate

Inception Date

The fund operates in four days max. after the end of the offering.

Inception Price

SAR 1 Per Unit

Fund Currency

Saudi Riyals

Benchmark

A composite index is a combination of 3 factors, which includes:

SAIBOR 3 months 60%

S&P Saudi REIT Shariah Index 25%

S&P Saudi Shariah Index 15%

Subscription Fee

No subscription fees levied by the fund manager on subscribers (who endowned) at the fund level.

Management Fee

The fund manager is entitled to 0.40% annually of the fund’s net asset value or a performance fees of 10% of the total annual return of the fund before deducting fees and expenses at end of year, whichever is less.

Performance Fee

Nil

Minimum Subscription

SAR 1

Minimum Additional Subscription

SAR 1

Minimum Redemption

Not applicable

Valuation Frequency & Days

Daily - Sunday to Thursday

Redemption Days

Based on the nature of the Awqaf, the fund units cannot be redeemed or transferred.

Cut-Off Time & Day

Before 5 PM - Prior to the Valuation Day

Announcement

Following the Dealing Day

Fund Features
Fund Type	An open-ended multi-asset endownment fund
Fund Domicile	Saudi Arabia
Risk Level	moderate
Inception Date	The fund operates in four days max. after the end of the offering.
Inception Price	SAR 1 Per Unit
Fund Currency	Saudi Riyals
Benchmark	A composite index is a combination of 3 factors, which includes: SAIBOR 3 months 60% S&P Saudi REIT Shariah Index 25% S&P Saudi Shariah Index 15%
Subscription Fee	No subscription fees levied by the fund manager on subscribers (who endowned) at the fund level.
Management Fee	The fund manager is entitled to 0.40% annually of the fund’s net asset value or a performance fees of 10% of the total annual return of the fund before deducting fees and expenses at end of year, whichever is less.
Performance Fees	Nil
Minimum Subscription	SAR 1
Minimum Additional Subscription	SAR 1
Minimum Redemption	Not applicable
Valuation Frequency & Days	Dealing days are Sunday and Tuesday. Valuation days - daily - Sunday to Thursday
Redemption Days	Based on the nature of the Awqaf, the fund units cannot be redeemed or transferred.
Cut-Off Time & Day	Before 5 PM - Prior to the Valuation Day
Announcement	Following the Dealing Day

Headquartered in Riyadh, Al Rajhi Capital is a Limited Liability Company organized and existing under the laws and regulations of Saudi Arabia and operates under the Authorized Persons Regulations with license number 07068-37 granted by the Capital Market Authority and provides financial and investment related services.

Consideration must be given, that the previous performance is neither an indicator nor a guarantee for achieving returns in the future. Taking into account that investments in mutual fund are subjected to market fluctuations, and the value of units and their generated income may increase or decrease accordingly, resulting in partial or total loss. Also, the fees imposed on the funds such as subscription, performance and management fees may apply. Therefore, investors are advised to consider their personal and financial status and refer to professional experts in the field of investment and legal consultancy, prior to enrolling in any product or a particular fund. Al Rajhi Capital may invest in the fund or related securities. Al Rajhi Capital may have also provided within the previous 12 months signification advice or security business services to the issuer of the securities concerned or of a related security. The source of any indicative information concerning past performance is from Al Rajhi Capital, and such information can be confirmed by reviewing the respective factsheets made available on the company website (www.alrajhi-capital.com). The terms and conditions of every fund encompass detailed and specific information about the product and its risks. It is advisable to read and understand such information before entering into any agreement. Terms and conditions, factsheets and financial statements related to the fund can be obtained from the company website or any of our dedicated investment centres.

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Al Suqia Associations Endownment Fund

Objective

Fund Features

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