USD Money Markets Fund

 

The fund was launched on 01 January 1995 with an inception price of USD 10.The fund is targeted to clients with low  risk/return profile . The fund’s assets may be invested in money market and bond instruments such as certificates of deposits, floating rate notes government bonds, commercial paper and other short term fixed income securities.

 

Fund Objectives

To provide money market returns not usually available to individual investors, protection to capital by investing in high quality low risk assets and enabling investors to access their investment, if required, at short notice.

 

Fund Details

 

Fund Type

Open Ended

Base Currency of the Fund

USD

Minimum Initial Subscription

USD 2,000

Minimum Additional Subscription

USD 1,000

Regular Monthly Subscription

USD 250

Valuation

Daily (Except Thursday & Friday)

Cut Off time

12 noon Riyadh Time

Redemption Payout

2 days after valuation day

Unit price at inception

USD 10

Launch Date

1 January 1995

 

Contact Us

For more information please call our toll free number

                               800 124 1212