Derayah Saudi Equity Fund
Derayah Saudi Equity Fund
The fund aims to grow capital in the long term by investing primarily in companies listed on the main Saudi financial market, and in the parallel market (“Nomu”), rights shares and initial offerings issued within the Kingdom of Saudi Arabia. All of the fund’s investments must be compatible with the Sharia standards approved by the Fund’s Sharia Committee. The fund manager will also invest in money market instruments, money market funds, real estate traded funds, exchange-traded funds, and closed-end mutual funds. The Fund will not distribute dividends to its unit holders, but all profits will be reinvested by the Fund.
Derayah Saudi Equity Fund Most Important Features
- The fund aims to grow capital in the long run by basically investing in Companies listed in the Saudi Stock Exchange (Tadawul), Rights issues and Initial Public offerings issued in Saudi Arabia.
- All of the Fund's investments shall be in accordance with Sharia standards approved by the Sharia Committee of the Fund.
- The Fund will not distribute dividends to its unit holders, but all profits will be reinvested by the Fund.
Derayah Saudi Equity Fund Specifications
Management Fees
of the Fund’s Net Assets Value annually
Unit price at offering
SAR
Subscription Fees
Maximum. To be paid in advance and Once only (deducted from the subscription amount for each investor and each additional subscription)
Redemption Fees
| Unit Price | 13.8646 |
|---|---|
| Valuation Date | 2024/07/01 |
| Change Previous Valuation % | -0.0439 |
| Change YTD % | 18.29 |
| Change Since Inception % | 38.65 |
|---|
Important Documents
You Can Download it from Derayah Derayah Saudi Equity Fund