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Al Rajhi Endowment Fund - Non Redeemable

Endowment

Al Rajhi Endowment Fund aims to encourage voluntary participation and effective contribution in supporting the non-profit sector of charitable associations and non-profit organizations throughout the Kingdom of Saudi Arabia to achieve their goals and grow the endowment capital to benefit them in the long term.

Objectives

  • To encourage voluntary community participation in non-profit development investments and effective contribution under the concept of social solidarity, and participate in supporting the non-profit sector of charitable associations and non-profit organizations to achieve their goals and benefit them in the long term. The Fund Manager's participation through investing in different asset classes with a diversified risk assets to achieve the developmental goal of the endowed capital, with the distribution of the endowment profits to the beneficiaries of the fund at no less than 50% of the net profits annually (from distributed profits and/or capital gains.
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  • Terms & Conditions

  • Fund Brochure

  • Quarterly Statement Report

  • Interim Financial Statement

Fund Details

Title
Description
Fund Domicile
Saudi Arabia
Inception Date
2024-08-27
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
097
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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