Health Associations Endowment Fund - Non Redeemable
Endowment
Providing diverse healthcare services and rehabilitation programs for patients and building and developing healthcare facilities and training and developing healthcare professionals and volunteers.
Objectives
- Encouraging voluntary participation in non-profit developmental investment and effective contribution under the concept of social solidarity, to participate in supporting health 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, patients, through providing health, rehabilitation and developmental services and programs, building and developing health facilities, training and developing health professionals and volunteers.
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
075
Subscription Fee
SAR 0
Management Fee
0.40% annually of the fund’s net asset value or a performance fees of 10% of the total annual return of the fund before deducting fees and expenses at end of year, whichever is less.
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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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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