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Al Rajhi Growth and Dividends 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.
Terms & conditions  Zakat Collection on Mutual Funds Fact Sheet Quarterly Statement Report  Interim Financial Statement  Annual Report Financial Statement 
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 10
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 10
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 2021
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 Daily - Sunday to Thursday
Cut-Off Time & Day Daily - Sunday to Thursday Before 2:00 PM 
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 2021
Dividend per Unit 0.30 Saudi Riyals
 

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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