The Fund is an open-ended investment fund with the aim to achieve, over the medium to long-term, capital growth by investing in portfolio of selected Saudi Construction and Cement companies listed on the Saudi Equity Market. These companies will include companies specialised in construction, production and/or merchandising of building materials; companies which perform and/or merchandise infrastructure projects and their materials; and cement companies listed on the Saudi Equity Market. The Fund performance will be compared to HSBC Saudi Construction and Cement Equity Index.
Fund Key Features
|
Unit price at inception |
SAR 10 |
|
Risk/Return profile |
High Risk |
|
Minimum initial Subscription |
SAR 5,000 |
|
Additional Subscription/Redemption |
SAR 2,500 |
|
Valuation day |
Daily |
|
Subscription Fee |
Up to 3% |
|
Management Fee |
1. 50% Annually |
|
Inception Date |
24 May 2008 |
For more information, please read the fund Terms and Conditions
