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Al Rajhi Awaeed Fund

Asset Management

Al Rajhi Awaeed Fund is an open-ended investment fund which aims to achieve growth in capital and liquidity through investing in Shariah deposits and money markets instruments & funds that are compliant with Shariah guidelines adopted by Al Rajhi Capital's Shariah Supervervision Committee. In addition, the fund also invests in debt market instruments & funds to realise a continuous growth in the capital.

Objective

  • To achieve growth in capital and liquidity
  • Low-risk investments
  • Possibility for daily subscription and redemption
Fund Type
Open-ended public money market fund 
Benchmark
The fund's benchmark is SAIBOR -3 Months.
Risk
Low
Minimum Subscription
SAR 10
Minimum additional subscription
SAR 1
Minimum redemption
SAR 10
Dealing and Valuation days
Daily, from Sunday to Thursday
Unit price at Issuance
SAR 1
Fund currency
Saudi Riyal
Investment Fund period
Open-ended public money market fund 
Management Fees
The fund manager is entitled to management fees at a rate of 0.50% from the fund's NAV annually. This percentage is calculated upon each assessment and deducted from the fund's assets at the end of each calender month. The fund manager is also entitled to, at his own discretion, reduce some of the fund's management fees.
Subscription Fees
The fund manager will not receive any subscription fees from the funds subscribers.
Minimum Redemption
10
Valuation Frequency & Days
Daily - Sunday to Thursday
Redemption Days
None
Fund’s Information
Fund Type Open-ended public money market fund 
Benchmark The fund's benchmark is SAIBOR -3 Months.
Risk Low
Inception Date The fund will operate no longer than four days starting from the end of the offering.
Minimum Subscription SAR 10
Minimum additional subscription SAR 1
Minimum redemption SAR 10
Dealing and Valuation days Daily - Sunday to Thursday
Cut-Off Time & Day Daily - Sunday to Thursday Before 2:00 PM 
Unit price at Issuance SAR 1
Fund currency Saudi Riyal
Investment Fund period Open-ended public money market fund 
Management Fees The fund manager is entitled to management fees at a rate of 0.50% from the fund's NAV annually. This percentage is calculated upon each assessment and deducted from the fund's assets at the end of each calender month. The fund manager is also entitled to, at his own discretion, reduce some of the fund's management fees.
Subscription Fees

The fund manager will not receive any subscription fees from the funds subscribers.

Redemption Fees None

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