Saudi Fransi GCC IPO Fund
Saudi Fransi GCC IPO Fund October 2012 August 2015
Portfolio Investment Profile
Fund Investment Objectives
Investment Features NAV at Inception: SAR 10 Comparative Index: IdealRatings IPO Index (calculated by IdealRatings) Risk Level: High Investment Universe: Initial public offerings in the GCC Fund Currency: SAR Date of Inception: June 24th 2015
Administration Features Subscription Fees: up to 3% of the gross subscription amount. Management Fees: 1.75% p.a of the Fund’s NAVs Minimum Subscription: SAR 2,000 Minimum Additional Subscription: SAR 1,000 Dealing Days: Sunday and Wednesday. Subscription & Redemption Cut Off: The preceding business day of the dealing day before 12 noon (KSA Time) Redemption Payment: Before the fourth business day succeeding the dealing day.
The Fund will invest in initial public offerings in the GCC, and newly listed companies during their first three years of listing with an objective of achieving capital appreciation over the long term while also trying to achieve outperformance relative to the Fund stated benchmark. The fund also has the right to invest in rights issues in the Saudi market only and it has to be Shariah Compliant. The Fund’s type is an open ended fund Shariah compliant. The Fund asset class is equity which invests in the GCC capital markets, additionally will invest in all industries except non Shariah compliant companies. The Fund will not distribute any dividends to investors and will reinvest distributed dividend into the Fund. The index investment universe is number of Shariah compliant initial public offerings and shares of newly listed companies during their first three years of listing in the GCC stock market (IdealRatings IPO Index provided by IdealRatings).
Fund Unit price Fund Unit price at inception
SAR 10
th
Shariah Committee
Fund unit price as of 31 of August 2015
SAR 9.4733
Sheikh Abdullah AlManae Dr. Mohammed Elgari Dr. Abdulsattar AbuGhuda
Top Five Holdings
Country Allocation (%)
National Commercial Bank
14%
Banks & Financials
Alrajhi Commodity Sar Fund
Bsf Deposit
Hotel & Tourism
22%
Falcom Sar Murabaha Fund
Industrial Investment 14%
Transport
4%
Gib Deposit
2% 9% 28%
Retail Building & Construction
Funds 6%
1%
Bond Money Market
Disclaimer: Investing in the fund is not guaranteed. The unit price may fall, and investors may get back less than what they have invested. Historical performance of the fund may not be considered as an indicator or assurance for future performance. Fund subscription fees may apply. The fund may not be suitable for all investors; in case of any doubt the investor should seek advice from his investment adviser. The Fund Terms and Conditions (as well as the fund’s financial statements if published), are available in the Company’s investment centers and on its website and contains detailed information including the risk levels of investing in the fund, the investor must read them prior to making his investment decision. Saudi Fransi Capital or its affiliates may invest into the fund or its related securities. Saudi Fransi Capital is providing or may have provided during the past 12 months investment services to one or more of the companies which the fund is investing in. Saudi Fransi Capital is a Saudi Limited Company licensed by Capital Market Authority, License No. (11153/37) C.R. 1010231217. Head Office, P.O.Box 23454, Riyadh 11426, Saudi Arabia- Tel: (011) 2826666.
Portfolio Investment Profile
Fund Investment Objectives
Investment Features NAV at Inception: SAR 10 Comparative Index: IdealRatings IPO Index (calculated by IdealRatings) Risk Level: High Investment Universe: Initial public offerings in the GCC Fund Currency: SAR Date of Inception: June 24th 2015
Administration Features Subscription Fees: up to 3% of the gross subscription amount. Management Fees: 1.75% p.a of the Fund’s NAVs Minimum Subscription: SAR 2,000 Minimum Additional Subscription: SAR 1,000 Dealing Days: Sunday and Wednesday. Subscription & Redemption Cut Off: The preceding business day of the dealing day before 12 noon (KSA Time) Redemption Payment: Before the fourth business day succeeding the dealing day.
The Fund will invest in initial public offerings in the GCC, and newly listed companies during their first three years of listing with an objective of achieving capital appreciation over the long term while also trying to achieve outperformance relative to the Fund stated benchmark. The fund also has the right to invest in rights issues in the Saudi market only and it has to be Shariah Compliant. The Fund’s type is an open ended fund Shariah compliant. The Fund asset class is equity which invests in the GCC capital markets, additionally will invest in all industries except non Shariah compliant companies. The Fund will not distribute any dividends to investors and will reinvest distributed dividend into the Fund. The index investment universe is number of Shariah compliant initial public offerings and shares of newly listed companies during their first three years of listing in the GCC stock market (IdealRatings IPO Index provided by IdealRatings).
Fund Unit price Fund Unit price at inception
SAR 10
th
Shariah Committee
Fund unit price as of 31 of August 2015
SAR 9.4733
Sheikh Abdullah AlManae Dr. Mohammed Elgari Dr. Abdulsattar AbuGhuda
Top Five Holdings
Country Allocation (%)
National Commercial Bank
14%
Banks & Financials
Alrajhi Commodity Sar Fund
Bsf Deposit
Hotel & Tourism
22%
Falcom Sar Murabaha Fund
Industrial Investment 14%
Transport
4%
Gib Deposit
2% 9% 28%
Retail Building & Construction
Funds 6%
1%
Bond Money Market
Disclaimer: Investing in the fund is not guaranteed. The unit price may fall, and investors may get back less than what they have invested. Historical performance of the fund may not be considered as an indicator or assurance for future performance. Fund subscription fees may apply. The fund may not be suitable for all investors; in case of any doubt the investor should seek advice from his investment adviser. The Fund Terms and Conditions (as well as the fund’s financial statements if published), are available in the Company’s investment centers and on its website and contains detailed information including the risk levels of investing in the fund, the investor must read them prior to making his investment decision. Saudi Fransi Capital or its affiliates may invest into the fund or its related securities. Saudi Fransi Capital is providing or may have provided during the past 12 months investment services to one or more of the companies which the fund is investing in. Saudi Fransi Capital is a Saudi Limited Company licensed by Capital Market Authority, License No. (11153/37) C.R. 1010231217. Head Office, P.O.Box 23454, Riyadh 11426, Saudi Arabia- Tel: (011) 2826666.
