Jadwa Saudi Equity Fund
Oil might dominate the Saudi Arabian economy, but its stock market is actually comprised of a variety of fast-growing industries. We tap into these growth opportunities through the Jadwa Saudi Equity Fund, which seeks long-term capital growth by investing in Shariah-compliant equities listed on the Saudi Stock Exchange (Tadawul). The Standard & Poor’s Saudi Shariah Index serves as benchmark and since the start of the global economic crisis in September 2008, our fund has consistently outperformed the benchmark, closing 2010 with a 44.4 percent gain, compared with the benchmark’s 12.48 percent gain. This Fund is denominated in Saudi riyals and has a minimum investment of SAR50,000.
| Fund Manager | Jadwa Investment PO Box 60677, Riyadh 11555 Saudi Arabia |
| Base Currency | Saudi Riyal |
| Investment Fund Objective | To provide long-term capital growth by investing in Saudi equity market, 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 Saudi equity market, using a multi-strategy approach. The Fund may also invest up to 25% of its assets in other Shariah-compliant Saudi equity investment funds approved by CMA. |
| 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 Saudi Shariah Index |
| Minimum Initial Subscription | SAR 50,000 |
| Minimum additional Subscription and Redemption | SAR 25,000 |
| Cut-off time | 12 noon each Saturday and Monday. |
| Valuation Day | Every Sunday and Tuesday. |
| Announcement Day | 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 |