Financial Institution Fund

 

The Financial Institutions Fund is designed to provide investors with solid and reliable investment platform through investing in the top financial institutions in the Saudi Arabia. In the early years, it is anticipated that the fund will only invest in the sharesof Saudi publicly quoted Financial Institutions but will later expand to cover Financial institutions such as Banks, Non Banking Financial Institutions, Insurance Companies that are quoted in Saudi and GCC. The fund will also have the ability to manage its liquidity through investing in Money Market Instruments. The fund started investing in the Saudi banks on 01 August 2004 with an inception price of SAR 10. The fund

is well diversified as it invests in the various Saudi banks.

 

Fund objectives

To provide medium to long-term equity linked growth by investing in the shares ofSaudi Arabian Banking Sector.

 

Fund Details

 

Fund type

Open ended

Base currency of the fund

Saudi Riyal

Minimum initial subscription

SAR 7,500

Minimum additional subscription

SAR 3,750

Regular monthly subscription

SAR 1,000

Valuation

Saturday & Tuesday

Cut off time

12 noon Sunday & Wednesday

Redemption payout

2 days after valuation day

Unit price at inception

SAR 10

Launch date

01 August 2004

 

Contact Us

For more information please call our toll free number

                                 800 124 1212