Eastern Region Associations Endowment Fund - Non Redeemable
Endowment
Providing health and social services, outreach and guidance care and support to those in need, and other services and support for all members of the community in the Eastern Region to enhance quality of life.
Objectives
- Encouraging voluntary participation in non-profit developmental investment and effective contribution under the concept of social solidarity, to participate in supporting Eastern Region Associations around the Kingdom of Saudi Arabia by developing and investing their assets in the fund to enhance their value and develop the endowed capital in a way that benefits community members, by providing health and social services, outreach and guidance care and support to those in need, and other services and support to enhance quality of life.
Fund Details
Title
Description
Fund Domicile
Saudi Arabia
Inception Date
2023-07-05
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
074
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 Valuation Day
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Initial Investment
0
Additive amount (SAR)
0
Duration
0 Year/s
Return (%)
0 %
Your Yearly Payment (SAR)
0
Return of investment (SAR)
0
Total Investment Amount (SAR)
0
APR
0 %
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