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Investment Funds Group
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The Saudi Investment Bank offers six differents investment
funds: Murabaha Fund in US Dollars, Global Equity
Fund, Saudi Equity Fund, GCC Equity Fund and US
Equity Fund,
in addition to the Trade Finance Fund launched in 2003,
which has the highest return among similar funds in the
Saudi market with a 3.28 % return during the last 12 months.
The investment funds provide an opportunity for our customers
to easily participate and diversify their investment to
suit their investment objective and to achieve the highest
possible returns.
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Saudi Companies Fund’s objective is to provide
investors with long-term capital growth through
investing in Saudi equities (excluding banks)
registered in the Saudi Stock Market.
Fund Characteristics
| Strategy |
Diversification |
| Fund Type |
Open-ended |
| Time Horizon |
Long Term |
| Underlying Instruments |
Equities & MM |
| Fund Base Currency |
Saudi Riyal |
| Currency Exposure |
N/A |
| Benchmark |
Fund-related Benchmark |
| Risk Level |
High |
| Subscription Fee |
1.00% |
| Minimum Initial Subscription |
SAR 25,000 |
| Minimum Redemption |
SAR 5,000 |
| Minimum Additional Subscription |
SAR 5,000 |
| Restrictions on Redemptions |
N/A |
| Minimum Balance |
SAR 25,000 |
| Subscriptions/Redemptions Cut-off |
Tuesday |
| Valuation Day |
Saturday as of Thursday Closing |
| Announcement Day |
Saturday |
| Payment Day |
Tuesday (3 business days after Valuation Day) |
| Subscription Price |
NAV Price |
| Redemption Price |
NAV Price |
| Management Fees |
1.50% |
| Risk Provision |
N/A |
| Launch Date |
16 April 2005 |
| Unit Price at Launch |
SAR 100.0000 |
| Dividend Distribution |
N/A |
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Gulf Companies Fund’s objective is to provide
investors with long-term capital growth through
investing in equities (excluding banks),
investment funds and money market products, most
of which belong to the markets of the Gulf
countries including Iraq and Iran.
Fund Characteristics
| Strategy |
Diversification |
| Fund Type |
Open-ended |
| Time Horizon |
Long Term |
| Underlying Instruments |
Equities, Mutual Funds & MM |
| Fund Base Currency |
US Dollar |
| Currency Exposure |
Currencies of Gulf Countries |
| Benchmark |
Fund-related Benchmark |
| Risk Level |
High |
| Subscription Fee |
1.00% |
| Minimum Initial Subscription |
USD 10,000 |
| Minimum Redemption |
USD 1,000 |
| Minimum Additional Subscription |
USD 1,000 |
| Restrictions on Redemptions |
N/A |
| Minimum Balance |
USD 10,000 |
| Subscriptions/Redemptions Cut-off |
Tuesday |
| Valuation Day |
Saturday as of Thursday Closing |
| Announcement Day |
Saturday |
| Payment Day |
Tuesday (3 business days after Valuation Day) |
| Subscription Price |
NAV Price |
| Redemption Price |
NAV Price |
| Management Fees |
1.50% |
| Risk Provision |
N/A |
| Launch Date |
16 April 2005 |
| Unit Price at Launch |
USD 100.0000 |
| Dividend Distribution |
N/A |
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Gulf Industrial Companies Fund’s objective is to
provide investors with long-term capital growth
through investing in industrial companies
equities, investment funds and money market
products, most of which belong to the markets of
the Gulf countries including Iraq and Iran.
Fund Characteristics
| Strategy |
Diversification |
| Fund Type |
Open-ended |
| Time Horizon |
Long Term |
| Underlying Instruments |
Equities, Mutual Funds & MM |
| Fund Base Currency |
US Dollar |
| Currency Exposure |
Currencies of Gulf Countries |
| Benchmark |
Fund-related Benchmark |
| Risk Level |
High |
| Subscription Fee |
1.00% |
| Minimum Initial Subscription |
USD 10,000 |
| Minimum Redemption |
USD 1,000 |
| Minimum Additional Subscription |
USD 1,000 |
| Restrictions on Redemptions |
N/A |
| Minimum Balance |
USD 10,000 |
| Subscriptions/Redemptions Cut-off |
Tuesday |
| Valuation Day |
Saturday as of Thursday Closing |
| Announcement Day |
Saturday |
| Payment Day |
Tuesday (3 business days after Valuation Day) |
| Subscription Price |
NAV Price |
| Redemption Price |
NAV Price |
| Management Fees |
1.50% |
| Risk Provision |
N/A |
| Launch Date |
16 April 2005 |
| Unit Price at Launch |
USD 100.0000 |
| Dividend Distribution |
N/A |
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SAIB Fund of Funds' objective is to provide
investors with long-term capital growth through
investing in a variety of equities and money
market products by way of purchasing units in
The Saudi Investment Bank funds.
Fund Characteristics
| Strategy |
Diversification |
| Fund Type |
Open-ended |
| Time Horizon |
Long Term |
| Underlying Instruments |
Mutual Funds & MM |
| Fund Base Currency |
US Dollar |
| Currency Exposure |
Saudi Riyal |
| Benchmark |
Fund-related Benchmark |
| Risk Level |
Medium |
| Subscription Fee |
1.00% |
| Minimum Initial Subscription |
USD 25,000 |
| Minimum Redemption |
USD 10,000 |
| Minimum Additional Subscription |
USD 10,000 |
| Restrictions on Redemptions |
N/A |
| Minimum Balance |
USD 25,000 |
| Subscriptions/Redemptions Cut-off |
Weekly on Saturday |
| Valuation Day |
Sunday |
| Announcement Day |
Sunday |
| Payment Day |
Saturday (4 business days after Valuation Day) |
| Subscription Price |
NAV Price |
| Redemption Price |
NAV Price |
| Management Fees |
N/A |
| Risk Provision |
N/A |
| Launch Date |
16 April 2005 |
| Unit Price at Launch |
USD 10.0000 |
| Dividend Distribution |
N/A |
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Trade finance Fund’s objective is to preserve invested capital and achieving reasonable
returns by subscribing directly in Sharia-compliant
Murabaha trades.
Fund Characteristics
| Strategy |
Diversification |
| Fund Type |
Open-ended |
| Time Horizon |
Short Term |
| Underlying Instruments |
Murabaha |
| Fund Base Currency |
Saudi Riyal |
| Currency Exposure |
N/A |
| Benchmark |
SIBOR One Month |
| Risk Level |
Low |
| Subscription Fee |
N/A |
| Minimum Initial Subscription |
SAR 2,000 |
| Minimum Redemption |
SAR 2,000 |
| Minimum Additional Subscription |
SAR 500 |
| Restrictions on Redemptions |
N/A |
| Minimum Balance |
SAR 2,000 |
| Subscriptions/Redemptions Cut-off |
Daily |
| Valuation Day |
2 business days after cut-off date |
| Announcement Day |
Valuation Day |
| Payment Day |
2 business days after valuation day |
| Subscription Price |
NAV Price |
| Redemption Price |
NAV Price |
| Management Fees |
1.00% |
| Risk Provision |
10% of Net Profit |
| Launch Date |
30 June 2003 |
| Unit Price at Launch |
SAR 10.0000 |
| Dividend Distribution |
N/A |
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Murabaha Fund’s objective is to preserve
invested capital and achieving reasonable returns
by subscribing directly in Sharia-compliant
Murabaha trades.
Fund Characteristics
| Strategy |
Diversification |
| Fund Type |
Open-ended |
| Time Horizon |
Medium Term |
| Underlying Instruments |
Murabaha & Sukuk |
| Fund Base Currency |
US Dollar |
| Currency Exposure |
Saudi Riyal |
| Benchmark |
LIBOR Three Month |
| Risk Level |
Low |
| Subscription Fee |
N/A |
| Minimum Initial Subscription |
USD 30,000 |
| Minimum Redemption |
USD 3,000 |
| Minimum Additional Subscription |
USD 3,000 |
| Restrictions on Redemptions |
Maximum of 10% of Total Participant's Holdings |
| Minimum Balance |
USD 30,000 |
| Subscriptions/Redemptions Cut-off |
Saturday |
| Valuation Day |
Monday as of Sunday Closing |
| Announcement Day |
Monday |
| Payment Day |
Wednesday (2 business days after Valuation Day) |
| Subscription Price |
NAV Price |
| Redemption Price |
NAV Price minus 0.5% |
| Management Fees |
1.00% |
| Risk Provision |
15% of Net Profit |
| Launch Date |
26 July 2004 |
| Unit Price at Launch |
USD 10.0000 |
| Dividend Distribution |
N/A |
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Global Equity Fund’s objective is to provide
investors with long-term capital growth through
investing in global equities, investment funds and
money markets.
Fund Characteristics
| Strategy |
Diversification |
| Fund Type |
Open-ended |
| Time Horizon |
Long Term |
| Underlying Instruments |
Equities, Mutual Funds & MM |
| Fund Base Currency |
US Dollar |
| Currency Exposure |
N/A |
| Benchmark |
Global MSCI Index |
| Risk Level |
High |
| Subscription Fee |
1.00% |
| Minimum Initial Subscription |
USD 10,000 |
| Minimum Redemption |
USD 1,000 |
| Minimum Additional Subscription |
USD 1,000 |
| Restrictions on Redemptions |
N/A |
| Minimum Balance |
USD 10,000 |
| Subscriptions/Redemptions Cut-off |
Wednesday |
| Valuation Day |
Saturday as of Friday Closing |
| Announcement Day |
Saturday |
| Payment Day |
Tuesday (3 business days after Valuation Day) |
| Subscription Price |
NAV Price |
| Redemption Price |
NAV Price |
| Management Fees |
1.50% |
| Risk Provision |
N/A |
| Launch Date |
24 July 2004 |
| Unit Price at Launch |
USD 100.0000 |
| Dividend Distribution |
N/A |
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Saudi Equity Fund’s objective is to provide
investors with long-term capital growth through
investing in Saudi equities registered in the
Saudi Stock Market.
Fund Characteristics
| Strategy |
Diversification |
| Fund Type |
Open-ended |
| Time Horizon |
Long Term |
| Underlying Instruments |
Equities & MM |
| Fund Base Currency |
Saudi Riyal |
| Currency Exposure |
N/A |
| Benchmark |
TASI |
| Risk Level |
High |
| Subscription Fee |
1.00% |
| Minimum Initial Subscription |
SAR 25,000 |
| Minimum Redemption |
SAR 5,000 |
| Minimum Additional Subscription |
SAR 5,000 |
| Restrictions on Redemptions |
N/A |
| Minimum Balance |
SAR 25,000 |
| Subscriptions/Redemptions Cut-off |
Tuesday |
| Valuation Day |
Saturday as of Thursday Closing |
| Announcement Day |
Saturday |
| Payment Day |
Tuesday (3 business days after Valuation Day) |
| Subscription Price |
NAV Price |
| Redemption Price |
NAV Price |
| Management Fees |
1.50% |
| Risk Provision |
N/A |
| Launch Date |
24 July 2004 |
| Unit Price at Launch |
SAR 100.0000 |
| Dividend Distribution |
Annual |
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GCC Equity Fund’s objective is to provide
investors with long-term capital growth through
investing in GCC equities, investment funds and
money market products.
Fund Characteristics
| Strategy |
Diversification |
| Fund Type |
Open-ended |
| Time Horizon |
Long Term |
| Underlying Instruments |
Equities, Mutual Funds & MM |
| Fund Base Currency |
US Dollar |
| Currency Exposure |
Currencies of Gulf Countries |
| Benchmark |
Fund-related Benchmark |
| Risk Level |
High |
| Subscription Fee |
1.00% |
| Minimum Initial Subscription |
USD 10,000 |
| Minimum Redemption |
USD 1,000 |
| Minimum Additional Subscription |
USD 1,000 |
| Restrictions on Redemptions |
N/A |
| Minimum Balance |
USD 10,000 |
| Subscriptions/Redemptions Cut-off |
Tuesday |
| Valuation Day |
Saturday as of Thursday Closing |
| Announcement Day |
Saturday |
| Payment Day |
Tuesday (3 business days after Valuation Day) |
| Subscription Price |
NAV Price |
| Redemption Price |
NAV Price |
| Management Fees |
1.50% |
| Risk Provision |
N/A |
| Launch Date |
24 July 2004 |
| Unit Price at Launch |
USD 100,000 |
| Dividend Distribution |
N/A |
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US Equity Fund’s objective is to provide investors with long-term capital
growth through investing in equities, investment funds and money markets in the
US.
Fund Characteristics
| Strategy |
Diversification |
| Fund Type |
Open-ended |
| Time Horizon |
Long Term |
| Underlying Instruments |
Equities, Mutual Funds & MM |
| Fund Base Currency |
US Dollar |
| Currency Exposure |
N/A |
| Benchmark |
S&P 500 Index |
| Risk Level |
High |
| Subscription Fee |
1.00% |
| Minimum Initial Subscription |
USD 10,000 |
| Minimum Redemption |
USD 1,000 |
| Minimum Additional Subscription |
USD 1,000 |
| Restrictions on Redemptions |
N/A |
| Minimum Balance |
USD 10,000 |
| Subscriptions/Redemptions Cut-off |
Wednesday |
| Valuation Day |
Saturday as of Friday Closing |
| Announcement Day |
Saturday |
| Payment Day |
Tuesday (3 business days after Valuation Day) |
| Subscription Price |
NAV Price |
| Redemption Price |
NAV Price |
| Management Fees |
1.50% |
| Risk Provision |
N/A |
| Launch Date |
24 July 2004 |
| Unit Price at Launch |
USD 100,000 |
| Dividend Distribution |
N/A |
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