Jadwa GCC Equity Fund

If you’re interested in broadening your equity exposure to the Gulf region as a whole, the Jadwa GCC Equity Fund is an ideal vehicle. This Fund not only includes Shariah-compliant stocks in Saudi Arabia but also in markets throughout the GCC, including Abu Dhabi, Dubai and Doha. The Fund’s benchmark is Standard & Poor’s GCC Shariah Composite Index. Like our other regional equity funds, this Fund is denominated in Saudi riyals and requires a minimum investment of SAR50,000. The fast pace of liberalisation in Gulf markets makes the region an attractive investment.

Fund Manager Jadwa Investment
PO Box 60677, Riyadh 11555
Saudi Arabia
Base Currency Saudi Riyal
Currency Exposure The Fund has exposure to all GCC currencies and changes in currency rates may have an adverse effect on the value and price of its units
Investment Fund Objective To provide long-term capital growth by investing in GCC equity markets, in accordance with Shariah investment guidelines of the Fund Manager’s Shariah Committee.
Investment Strategies The Fund invests its assets in a diversified portfolio comprised of Shariah-compliant companies listed on the GCC equity markets, using a multi-strategy approach. The Fund may also invest up to 25% of its assets in other approved Shariah-compliant investment funds.
Level of Risk This is a high-risk Fund and its unit price may fall due to fluctuations in the prices of its underlying securities resulting in the investor getting back less than he invested.
Investment Suitability Due to its risk level, the Fund may not be suitable for investors with a low-risk profile. Investors are recommended to seek advice from their investment advisors.
Benchmark S&P GCC Shariah Composite Index
Minimum Initial Subscription SAR 50,000
Minimum additional Subscription and Redemption SAR 25,000
Cut-off time 10 am Riyadh time of every business day
Valuation Day Every Business Day in Saudi Arabia
Announcement Day At 5 PM the day following the valuation day.
Payment Day of the Redeemed Amount Four business days after the relevant Valuation day.
Subscription Fees 3% deducted from each subscription.
Management Fees 1.95% annually of the assets under management.
Dilution Charges (re-invested in the fund) 1% of the value of units redeemed within 30 days of their purchase.
Unit Price and Day of Inception SAR 100 on 30 June 2007