YAQEEN IPO Fund
024006 · Public fund · 229 clauses read
Every limit below quotes the sentence it came from, in the document's own language. Nothing here has been approved, and no figure was generated — each one was read from the published terms and can be checked against them.
The Fund Manager may also invest no more than 50% of the Fund's net asset value in the shares of Saudi small and medium companies, which means all the shares of companies listed in the Saudi stock market (main and parallel - Nomu) with the exception of companies whose market size exceeds 15 billion riyals Saudi Arabia, and the calculation of the market size is as follows: The product of the share price multiplied by the number of shares of free companies.
Quoted from clause 6 (3)
In exceptional circumstances, the Fund Manager may resort to keeping its assets in the form of cash 100% temporarily to face sharp fluctuations and declines in the stock market, taking into account the maximum possible protection for the Fund’s unit holders.
Quoted from clause 6 (3)
Money market instruments and Murabaha Funds %0 %100
Quoted from clause 6 (3)
Money market instruments and Murabaha Funds %0 %100
Quoted from clause 6 (3)
Initial Public Offering (Main and Parallel Market - Nomu) %0 %100
Quoted from clause 6 (3)
Initial Public Offering (Main and Parallel Market - Nomu) %0 %100
Quoted from clause 6 (3)
Small and medium company shares %0 %50
Quoted from clause 6 (3)
Small and medium company shares %0 %50
Quoted from clause 6 (3)
Investment Funds %0 %25
Quoted from clause 6 (3)
Investment Funds %0 %25
Quoted from clause 6 (3)
ETFs %0 %25
Quoted from clause 6 (3)
ETFs %0 %25
Quoted from clause 6 (3)
Real estate traded Funds %0 %25
Quoted from clause 6 (3)
Real estate traded Funds %0 %25
Quoted from clause 6 (3)
The Fund seeks to achieve its objectives by investing up to 100% of its net assets in common shares during the initial public offering period and in shares of new listed companies, which has not been five years since its listing or the last 30 companies that have been listed in the Saudi stock market (main or parallel-Nomu).
Quoted from clause 6 (3)
whether they are managed by the Fund Manager himself and/or another manager at a rate of (100%), provided that the percentage does not exceed 25% with an entity.
Quoted from clause 7 (3)
The Fund Manager may invest no more than (25%) of its assets in similar Funds publicly offered in Saudi riyals and licensed by the Capital Market Authority, whether it is managed by the Fund Manager himself or another manager, in accordance with Shariah regulations in order to achieve an additional return, provided that the Fund’s ownership percentage does not exceed (10%) of the net asset value of the Fund whose units were owned.
Quoted from clause 7 (3)
The Fund Manager may invest no more than (25%) of its assets in similar Funds publicly offered in Saudi riyals and licensed by the Capital Market Authority, whether it is managed by the Fund Manager himself or another manager, in accordance with Shariah regulations in order to achieve an additional return, provided that the Fund’s ownership percentage does not exceed (10%) of the net asset value of the Fund whose units were owned.
Quoted from clause 7 (3)
The Fund will not resort to requesting financing by borrowing except when necessary, and after the approval of the Fund's Board of Directors, provided that the amount of borrowing, if any, does not exceed 10% of the Fund's net asset value.
Quoted from clause 7 (3)
Derivatives contracts: Subject to Shariah controls in all Fund operations, the Fund will not invest in financial derivatives.
Quoted from clause 8 (2)
The Fund will not invest in securities other than the securities mentioned in these terms and conditions.
Quoted from clause 7 (3)
The target risk limits set by the Fund Manager may be based on past patterns of returns and correlations of the securities in which the Fund invests.
Quoted from clause 5 (5)
The Fund Manager shall abide by the restrictions that apply to the Fund contained in the Funds Regulations, the Fund’s Terms and Conditions, the Fund’s Shariah Board controls.
Quoted from clause 7 (5)
Yaqeen is not obligated to implement redemption requests for more than 10% of the Fund's net asset value on any dealing day.
Quoted from clause 18 (3)
The Fund Manager will not distribute any profits to the subscribers, as the profits will be reinvested in the Fund.
Quoted from clause 12 (5)
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- Source document
- Terms and conditions (PDF)In English
- Clauses read
- 229
- Limits proposed
- 25
- Prepared
- nothing has been shared with us
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