|
Base Currency of the Fund |
Saudi Riyals |
|
Currency Exposure |
All Major currencies that the Fund invests in |
|
Portfolio Objective |
To seek long term capital growth through having a high exposure to equity markets. |
|
Investment Policy |
The Portfolio manager will allocate capital across Shariah compliant securities such as Murabaha transactions, sukuk and equities either directly, through Mutual Funds or through Discretionary Managed Accounts in order to achieve the portfolio objective. |
|
Asset Allocation Ranges (anticipated) |
The Growth Portfolio is an above average risk portfolio that concentrate in investing in Shariah compliant equities and lower percentage in Murabaha transactions and/or Islamic Bonds (Sukuk). Equity Exposure not to exceed 80% |
|
Risk/Return Profile |
High Risk |
|
Minimum Initial Sub./Balance |
SAR 5,000 |
|
Minimum Additional Sub./Red. |
SAR 2,500 |
|
Cut Off Time For Receiving Applications/Redemptions |
Before Close of Business on Saturday and Monday for Monday and Wednesday Valuation respectively. |
|
Price Applicable for Purchase/Redemption of Units |
If valid application is received prior to the cut off time, then the price applicable thereto shall be the prevailing price on the next valuation day. |
|
Valuation Day |
Every Monday and Wednesday |
|
Subscription Fee |
3.00% |
|
Service Fee |
0.25% |
|
When Redeemed Funds are Paid to Investors |
Four (4) Business Days after Valuation Day |
|
Unit Price at Inception |
SAR 10 per unit |
Please visit any of SABB branches or call SABB Direct on toll free
800 124 1212