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.
To provide medium to long-term equity linked growth by investing in the shares ofSaudi Arabian Banking Sector.
|
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 |
For more information please call our toll free number
800 124 1212