Securities

HSBC Saudi Arabia Announces the Details of Notifiable Changes to HSBC Saudi Riyal Murabaha Fund, HSBC US Dollar Murabaha Fund & HSBC Sukuk Fund

Date: 9th May 2021G

Corresponding to: 27th Ramadan 1442H

 

HSBC Saudi Arabia Announces the Details of Notifiable Changes to HSBC Saudi Riyal Murabaha Fund, HSBC US Dollar Murabaha Fund & HSBC Sukuk Fund

 

HSBC Saudi Arabia announces the notifiable changes to HSBC Saudi Riyal Murabaha Fund, HSBC US Dollar Murabaha Fund & HSBC Sukuk Fund, such changes will become effective on 12/10/1442 (H) corresponding to 24/05/2021 (G).

 

Details of the Notifiable Changes are the following:

  • Updating the glossary table

  • Changing the cover page of the Fund's Key Fact Sheet

  • Correcting and clarifying some of the paragraphs

  • Removing the requirement of the clients signature on some of the funds documents

  • Amending the responsibilities of the Auditor

  • Amending the income distribution policy for HSBC Sukuk Fund

 

Sincerely,

 

 HSBC Saudi Arabia