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Local Shares Fund

 
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Local Shares Fund

 

Objectives: Achieve continued increase in investors capital in the long term without distribution of profits which will be re-invested with the capital, through investment primarily in local shares mainly and other shares in the region as a secondary alternative.

Features

  • Date of launch : July 1992 , unit price : SR 5000
  • Risks : investment in shares entails high risks and investment in local shares is subject to this rule also. Risks may include single country risk and investors should be aware that investment depends on external factors and forces including expectations of future market conditions. Fund management is focused on minimizing such risks through diversification of the fund portfolio and investing in companies known for their strong financial position. Investment in the shares of the region will minimize risks when conditions are not suitable for investment in local shares.
  • Minimum subscription amount : one unit.
  • Minimum Additional subscription: one unit.
  • Evaluation : daily.
  • Days of business : Saturday through Wednesday.
  • Redemption payment : On the second working day after receipt of request.
  • Currency of the fund : Saudi Riyal.
  • Subscription fees : 1% of subscription amount.
  • Management fees : 1.5 % of the fund assets annually.
 
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