1st Quarter 2017 Alinma IPO Fund

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Alinma IPO Fund Approved by Alinma Sharia Board

1st Quarter 2017

C. R. No. 1010269764 | CMA License No. 09134 - 37

Fund's Objectives & Strategy

Quarterly Disclosure Details

The Fund aims to achieve long-term capital appreciation attained by investing mainly in Shariah-Compliant Initial Public Offerings of Saudi Companies, Right Issues and Rump Offering as well as ShariahComplaint Saudi Companies that have been listed in the Saudi Stock Exchange for 3 years or less. The Fund may also invest in shariah compliant funds with similar objectives.

2 - Total Fees & Charges for the Quarter

0.33%

3 - Profit Percentage Distributed

0.00%

4 - Fund Manager's Investment Percentage

0.00%

5 - Amont & Percentage of Dealing Expenses

0.02%

6 - RISK Standards & Index

Standard Deviation

7 - Performance Standards & Index

Sharpe Ratio

8 - Percentage of Borrowings to the NAV Fund's Information

0.00%

Performance & Risk Parameters

Asset Type

Open-ended Fund

120

Risk Level

High

100

Fund Manager

Alinma Investment Company

80

Fund Listing

Saudi Arabia

60

Launch Date

May 17, 2015

40

Benchmark

Alinma Saudi IPO Equities Islamic Index by IR

20

Inception Price (SAR)

10.00

Unit Price (SAR)

9.56

AUM (SAR)

234,558,712.55

Base Currency

Saudi Riyal

Initial Investment

5,000 individual/20,000 institution

Subsequent Investment

Minimum of 1,000 individual/10,000 institution

Subscription & Redemption

Monday and Wednsday of every week

Subscription Fees

1.5% of subscribed amount

Management Fees

1% per annum

Redemption Fee

1.5% if exit before 30 days

Sharia Board

Yes

Bloomberg Code

ALINIPO AB EQUITY

Fund

Fund

3M -4.6%

YTD -4.6%

3Y N/A

5Y #N/A

10Y N/A

SI -4.4%

BM Gap

-8.1% 3.6%

-8.1% 3.6%

N/A N/A

N/A N/A

2016 4.9% -13.7%

#N/A #N/A 2015++ -4.5% -34.7%

-48.2% 43.9% 2014 N/A N/A

18.7%

30.2%

Fund BM Gap

Fund BM

Abbreviations * YTD: Year To Date

* SD: Standard Deviation

* SI: Since Inception

* Avg R: Average Return

* BM: Benchmark

BM

Avrg R -2.4% -29.6%

SD 11.1% 22.8%

Sharpe* -0.39 -1.38

N/A

Alpha** 6.3%

Beta** 0.34

Correlation**

0.70

* Free interest rate is taken to be the Saudi Interbank Average 12M ** relative to benchmark

Asset Class Distribution

Note: Statistics are based on Inception Date

Latest IPOs Listed Code

15.7% 18.7%

Cash Equity

Funds

Listing Dt

IPO Pr

Closing Pr

4320

Alandalus

Stock

RE Dev.

Sector

12-Jan-16

18.00

18.74

4.11%

4009

MEAHCO

Retail

29-Mar-16

64.00

73.99

15.61%

1304

22-May-16 Alyamamah Steel Building & Construction

39.60

28.31

-28.51%

4011

LAZURDE

37.00

25.10

-32.16%

Retail

29-Jun-16

Perform

Murabaha

Sukuk 65.7%

Top 10 Equity Holdings at the beginning of the Quarter

Equity Sector Allocation

Code

0%

10%

20%

30%

40%

Health Care Equipment & Svc Consumer Services Real Estate Mgmt & Development Banks Consumer Durables & Apparel Food & Beverages Utilities Food & Staples Retailing Commercial & Professional Svc Telecommunication Services

50%

60%

70%

80%

90%

Transportation Materials Retailing Capital Goods Energy Pharma, Biotech & Life Science Diversified Financials Media Real Estate Investment Trust Insurance

100%

4031 4009 1820 4007 3005 4320 4006 4008

Stock SGS Saudi German Hosptl Al Hokair Group Al Hammadi UACC ALANDALUS Farm Superstore SACO

Sector

% NAV

Transportation HealthCare Equipment & Svc Consumer Services HealthCare Equipment & Svc Materials Real Estate Mgmt & Dev't Food & Staples Retailing Retailing

15.0% 14.3% 12.4% 9.6% 6.0% 4.9% 1.2% 0.9%

Disclaimer This material was produced by Alinma Investment, a firm regulated by the Capital Market Authority of KSA. Past performance is not a guide to future returns. All the information contained in this document is believed to be reliable but may be inaccurate or incomplete. A full explanation of the characteristics of the investment is given in the prospectus. Any opinions stated are honestly held but are not guaranteed. The outlook expressed in this fact sheet represents the views of the fund manager at the time of preparation and are not necessarily those of the Alinma Investment as a whole. They may be subject to change and should not be interpreted as investment advice. The document is meant for financial promotion and does not provide you with all the facts you need to make an informed decision about investing and hence is not intended to constitute investment advice. The information provided should not be considered as a recommendation or solicitation to purchase, sell or hold these securities. It should also not be assumed that any investment in these securities was or will be, profitable .Alinma Investment accepts no liability for any loss arising from the use of this document or its contents or otherwise arising in connection therewith. Alinma Investment shall have no responsibility or liability whatsoever in respect of any inaccuracy in or omission from this or any other document prepared by Alinma Investment for, or sent by Alinma Investment to any person and any such person shall be responsible for conducting his own investigation and analysis of the information contained or referred to in this document and of evaluating the merits and risks involved in the securities forming the subject matter of this or other such document. Alinma Investment is authorized

Head Office ‫اإلدارة العامة‬ P. O. Box 66333 .‫ ب‬.‫ص‬ Riyadh 11576 ‫الرياض‬ KSA ‫المملكة العربية السعودية‬ Tel +966 (11) 218 5999 ‫هاتف‬ Fax +966 (11) 218 5970 ‫فاكس‬

Alinma IPO Fund Approved by Alinma Sharia Board

Fourth Quarter 2016

C. R. No. 1010269764 | CMA License No. 09134 - 37

Fund's Objectives & Strategy

Quarterly Disclosure Details

The Fund aims to achieve long-term capital appreciation attained by investing mainly in Shariah-Compliant Initial Public Offerings of Saudi Companies, Right Issues and Rump Offering as well as ShariahComplaint Saudi Companies that have been listed in the Saudi Stock Exchange for 3 years or less. The Fund may also invest in shariah compliant funds with similar objectives.

2 - Total Fees & Charges for the Quarter

0.32%

3 - Profit Percentage Distributed

0.00%

4 - Fund Manager's Investment Percentage

0.00%

5 - Amont & Percentage of Dealing Expenses

0.03%

6 - RISK Standards & Index

Standard Deviation

7 - Performance Standards & Index

Sharpe Ratio

8 - Percentage of Borrowings to the NAV Fund's Information

0.00%

Performance & Risk Parameters

Asset Type

Open-ended Fund

120

Risk Level

High

100

Fund Manager

Alinma Investment Company

80

Fund Listing

Saudi Arabia

60

Launch Date

May 17, 2015

40

Benchmark

Alinma Saudi IPO Equities Islamic Index by IR

20

Inception Price (SAR)

10.00

Unit Price (SAR)

10.02

AUM (SAR)

292,262,098.37

Base Currency

Saudi Riyal

Initial Investment

5,000 individual/20,000 institution

Subsequent Investment

Minimum of 1,000 individual/10,000 institution

Subscription & Redemption

Monday and Wednsday of every week

Subscription Fees

1.5% of subscribed amount

Management Fees

1% per annum

Redemption Fee

1.5% if exit before 30 days

Sharia Board

Yes

Bloomberg Code

ALINIPO AB EQUITY

Fund

Fund BM Gap Fund BM Gap ++ Fund BM

Abbreviations * YTD: Year To Date

* SD: Standard Deviation

* SI: Since Inception

* Avg R: Average Return

* BM: Benchmark

3M YTD 21.0% 4.9% 43.2% -13.7% -22.2% 18.7% 2015 ++ -4.5% -34.7% 30.2%

BM

3Y 5Y #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! 2014 0.0% 0.0% 0.0%

10Y N/A N/A N/A

SI 0.2% -43.7% 43.8% 2013 N/A N/A N/A

Launch date was 17th May 2015, partial performance for the year

Avrg R 0.1% -29.7%

SD 11.3% 23.9%

Sharpe* -0.16 -1.32

Alpha** 7.6%

Beta** 0.33

Correlation**

0.69

* Free interest rate is taken to be the Saudi Interbank Average 12M ** relative to benchmark

Asset Class Distribution

Note: Statistics are based on Inception Date

Newly Listed IPOs

Code

21.5%

14.9%

Cash Equity Funds

Murabaha

Listing Dt

IPO Pr

Closing Pr

4320

Alandalus

Stock

RE Dev.

Sector

12-Jan-16

18.00

19.64

9.11%

4009

MEAHCO

Retail

29-Mar-16

64.00

73.36

14.63%

1304

22-May-16 Alyamamah Steel Building & Construction

39.60

29.10

-26.52%

4011

LAZURDE

37.00

21.64

-41.51%

Retail

29-Jun-16

Perform

Sukuk

63.6%

1 - Top 10 Equity Holdings - at the beginning of the 4th Quarter 2016

Equity Sector Allocation

Code

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Retail

Transport

Hotel & Tourism

Cement

Real Estate Development

Banks & Financial Services

Industrial Investment

Petrochemical Industries

Agriculture & Food Industries

Building & Construction

Energy & Utilities

Multi-Investment

Insurance

Telecommunication & IT

Media and Publishing

Disclaimer

4031 4009 1820 3005 4320 4007 4006 4008

Stock

Sector

% NAV

Saudi Ground Services Co. Transport Middle East Healthcare Co. Retail Abdulmohsen Alhokair Group for Tourism Hotel and & Tourism Development Umm Al-Qura Cement Co. Cement Alandalus Property Co. Real Estate Development Al Hammadi Company for Development Retail and Investment Saudi Marketing Co. Retail Saudi Company for Hardware Retail

13.2% 7.8% 6.0% 5.4% 2.7% 2.6% 0.8% 0.1%

#NUM!

This material was produced by Alinma Investment, a firm regulated by the Capital Market Authority of KSA. Past performance is not a guide to future returns. All the information contained in this document is believed to be reliable but may be inaccurate or incomplete. A full explanation of the characteristics of the investment is given in the prospectus. Any opinions stated are honestly held but are not guaranteed. The outlook expressed in this fact sheet represents the views of the fund manager at the time of preparation and are not necessarily those of the Alinma Investment as a whole. They may be subject to change and should not be interpreted as investment advice. The document is meant for financial promotion and does not provide you with all the facts you need to make an informed decision about investing and hence is not intended to constitute investment advice. The information provided should not be considered as a recommendation or solicitation to purchase, sell or hold these securities. It should also not be assumed that any investment in these securities was or will be, profitable .Alinma Investment accepts no liability for any loss arising from the use of this document or its contents or otherwise arising in connection therewith. Alinma Investment shall have no responsibility or liability whatsoever in respect of any inaccuracy in or omission from this or any other document prepared by Alinma Investment for, or sent by Alinma Investment to any person and any such person shall be responsible for conducting his own investigation and analysis of the information contained or referred to in this document and of evaluating the merits and risks involved in the securities forming the subject matter of this or other such document. Alinma Investment is authorized and regulated by the Capital Market Authority(CMA) in the Kingdom of Saudi Arabia.

Head Office ‫اإلدارة العامة‬ P. O. Box 66333 .‫ ب‬.‫ص‬

Riyadh 11576 ‫الرياض‬ KSA ‫المملكة العربية السعودية‬ Tel +966 (11) 218 5999 ‫هاتف‬ Fax +966 (11) 218 5970 ‫فاكس‬ www.alinmainvestment.com