The fund was launched on 03 May 1997 with an inception price of SAR 10.The fund is targeted to clients with below average risk/return profile . The fund’s assets may be invested in government and commercial bonds, certificates of deposits, floating rate notes, asset backed securities bond derivatives and money market deposits.
To provide medium to long-term growth by investing in the higher yielding long-term bond market. The fund also offers the individual investor institutional rates of return not usually available to individual investors, as well as enabling investors to access their investment, if required at short notice.
|
Fund Type |
Open Ended |
|
Base Currency of the Fund |
Saudi Riyal |
|
Minimum Initial Subscription |
SAR 7,500 |
|
Minimum Additional Subscription |
SAR 3,750 |
|
Regular Monthly Subscription |
SAR 1,000 |
|
Valuation |
Tuesday & Saturday |
|
Cut Off time |
12 noon Sun & Wed |
|
Redemption Payout |
2 days after valuation day |
|
Unit price at inception |
SAR 10 |
|
Launch Date |
3 May 1997 |
