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Health Awqaf Fund - Non Redeemable

Endowment

Discover the opportunity to achieve community solidarity through the Health Awqaf Fund and contribute to the Awqaf to enhance the developmental role of the Health Awqaf Association in supporting the establishment of health Awqaf entities and projects that contribute to the health stability of community members.

The Health Awqaf Association was established with License No. 1968 dated 10/24/2020 based on Ministerial Resolution No. 73739 dated 06/11/1437 H and is subject to administrative supervision by the Ministry of Human Resources and Social Development and technically by the General Authority for Awqaf. The Health Awqaf was honored by the honorary presidency of HRH Prince Saud bin Naif Al Saud, Governor of Eastern Region.

Features

  • Contribute to the awareness of the importance of the health Awqaf and its impact
  • Be part of the developing and growing health amenities
  • Help spreading of community health services
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Objectives

  • Strengthening the developmental role of Awqaf in supporting the establishment of Awqaf health entities and projects by investing the Fund’s assets to protect it from extinction and to encourage participation of community members in non-profit investments and to effectively contribute to achieving the principle of social solidarity for the benefit of the Awqaf, endowed assets and the stability of community members’ health.
  • The role of the fund manager is to invest the fund’s assets in a diversified portfolio across all asset classes to diversify risks in a manner that achieves growth of the endowed capital with a distribution of no less than 65% of the net profits annually to the Health Awqaf Association, its activities and health Awqaf projects in all Its forms, types, studies and research related to health endowments.
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  • Terms & Conditions

  • Fund Brochure

  • Fact Sheet

  • Quarterly Statement Report

  • Interim Financial Statement

  • Annual Report

  • Financial Statement

Fund Details

Title
Description
Fund Domicile
Saudi Arabia
Inception Date
2022-06-26
Inception Price
1.000000000
Fund Currency
SAR
Benchmark
60% SAIBOR 3 Months + 25% S&P Saudi REITs Index + 15% S&P Saudi Equity Index
ISIN
054
Subscription Fee
SAR 0
Management Fee
0.40% annually of the fund’s net asset value
Minimum Subscription
SAR 1
Minimum Additional Subscription Fee
SAR 1
Minimum Redemption
SAR 0
Valuation Days
Sunday to Thuesday
Cut-Off Time
Before 10:00 AM in the dealing day
Announcement Day
Following the Dealing Day

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