The fund was launched on 01 January 1995 with an inception price of USD 10.The fund is targeted to clients with low risk/return profile . The fund’s assets may be invested in money market and bond instruments such as certificates of deposits, floating rate notes government bonds, commercial paper and other short term fixed income securities.
To provide money market returns not usually available to individual investors, protection to capital by investing in high quality low risk assets and enabling investors to access their investment, if required, at short notice.
|
Fund Type |
Open Ended |
|
Base Currency of the Fund |
USD |
|
Minimum Initial Subscription |
USD 2,000 |
|
Minimum Additional Subscription |
USD 1,000 |
|
Regular Monthly Subscription |
USD 250 |
|
Valuation |
Daily (Except Thursday & Friday) |
|
Cut Off time |
12 noon Riyadh Time |
|
Redemption Payout |
2 days after valuation day |
|
Unit price at inception |
USD 10 |
|
Launch Date |
1 January 1995 |
