Al Rajhi Endowment Fund
Asset Management
Asset Management
Al Rajhi Endowment Fund aims to encourage voluntary participation and effective contribution in supporting the non-profit sector of charitable associations and non-profit organizations throughout the Kingdom of Saudi Arabia to achieve their goals and grow the endowment capital to benefit them in the long term.
| Fund Features | |
|---|---|
| Fund Type | Open Ended Public Multi Asset Waqf 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 | The fund’s strategy does not track a benchmark but a composite index will be used to compare the performance, which includes:
|
| Subscription Fee | No subscription fees will be implemented on the fund |
| Management Fee | 0.40% annually of the fund’s net asset value |
| 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 Valuation 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.