headerdarkblues

Al Rajhi IPO Fund

Asset Management

Features

  • Invests primarily in IPOs in the Kingdom.
  • Flexibility to invest in rights issues, and rump offerings related to rights issues.
  • Ability to invest in Small and Medium companies.
  • Targeting IPO opportunities in Arab Markets.
  • Managing liquidity efficiently using Money Market instruments and Funds.

Objective

An open ended fund intended to achieve capital appreciation in the medium to long term by investing primarily in Shariah compliant IPOs, right issues, rump offering rights issues and newly listed companies in the Saudi market during their first three years of listing.

Terms & conditions Financial Statement Fact Sheet Zakat Collection on Mutual Funds Annual Report Fund Brochure Interim Report Funds Manager's Disclosure
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
Al Rajhi shariah IPO index - S&P
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.
Minimum Additional Subscription
SAR 2,000
Valuation Days & Dealing days
Sunday & Wednesday
Subscription Fees
Up to a maximum of 2% of the subscription amount
Management Fees
1.50% 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
Fund Features
Fund Type Open Ended Equity Fund
Fund Domicile Al Rajhi Capital
Risk Level Moderate
Eligible Subscribers Any qualified natural person or corporate body recognized as such by Saudi regulations
Fund Currency Saudi Riyals
Benchmark Index Al Rajhi shariah IPO index - S&P
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 Sunday & Wednesday
Subscription Fees Up to a maximum of 2% of the subscription amount
Management Fees 1.50% 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
 
 

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.


Get in touch

Be informed...

Subscribe to latest reports and updates

Keep up with the latest updates from Al Rajhi Capital.

Asset Management Go to top