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Jadwa Africa Equity Freestyle Fund:

Jadwa Africa Equity Freestyle Fund is one of the broad range of mutual funds that Jadwa offers. It aims to provide investors with long-term capital growth by investing its assets in a diversified portfolio of securities in the African continent. The Fund provides investors an opportunity to benefit from the growing universe of attractively valued companies in Africa. The Fund provides investors diversification with relatively low correlation to other developed and emerging markets.

Fund Manager	Jadwa Investment PO Box 60677, Riyadh 11555 Saudi Arabia
Base Currency	US Dollar
Currency Exposure	The Fund’s underlying investments may have exposure to different currencies and fluctuations in exchange rates may have an adverse effect on the value and price of its units.
Investment Fund Objective	The Fund aims to generate long term growth of capital by investing in Shariah-compliant African equities.
Investment Strategies	The Fund’s assets are invested in a diversified portfolio of Shariah-compliant companies which are either domiciled in Africa or derive a significant proportion of their earnings from Africa. The Fund may also invest in new issues for which application for listing on a stock exchange will be sought, Sukuks, Islamic non-interest bearing deposits and in collective investment schemes, provided that the guidance of the Shariah Board is followed. The Fund Manager may invest in small, medium and large capitalization securities across the African continent.
Level of Risk	High Risk
Investment Suitability	Due to its risk level, the Fund may not be suitable for investors with a lower risk profile. Investors are recommended to seek advice from their investment advisors
Benchmark	MSCI South Africa Islamic Index
Minimum Initial Subscription	USD 15,000
Minimum additional Subscription and Redemption	USD 5,000
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	Upto 3% deducted from each subscription
Management Fees	2.5% per annum accrued pro-rata at each valuation
Unit Price and Day of Inception	USD 100 on 03 June 2008

This information provides a brief summary (the "Summary") of Jadwa Africa Equity Freestyle Fund (the "Fund"). The content of the Summary is for information purposes only. Jadwa Investment does not hold itself out as providing legal, financial or other advice via the Summary. Investment in the Fund is governed by the fund's Terms and Conditions. The Fund is exposed to foreign currencies and changes in the currency exchange rates may have an adverse effect on the value and price of the units.

Investments in the Fund are not deposits and are not guaranteed. The Fund value is subject to fluctuations and the investor may not receive the full amount that invested. The Fund's past performance is not indicative of future performance. The information provided in the Summary may be changed at any time without a prior notice.
Jadwa Investment is authorized and regulated by the Capital Market Authority.

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