YAQEEN Opportunistic Fund
024017 · Public fund · 260 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.
*In exceptional circumstances, the Fund Manager may be compelled to increase cash liquidity up to 100% and may allocate all of the Fund's assets to cash or short-term Saudi Riyal money market instruments.
Quoted from clause 9 (2)
Public Equities, including IPOs in the Saudi Main Market (Tadawul), Parallel Market 50%* 100% (Nomu), and Gulf markets; ETFs; REITs; and listed closed-end investment funds.
Quoted from clause 9 (2)
Public Equities, including IPOs in the Saudi Main Market (Tadawul), Parallel Market 50%* 100% (Nomu), and Gulf markets; ETFs; REITs; and listed closed-end investment funds.
Quoted from clause 9 (2)
Pre-IPO Shares of Saudi Companies (Private Equity) 0% 10%
Quoted from clause 9 (2)
Pre-IPO Shares of Saudi Companies (Private Equity) 0% 10%
Quoted from clause 9 (2)
Money Market Instruments and Funds 0% 30%
Quoted from clause 9 (2)
Money Market Instruments and Funds 0% 30%
Quoted from clause 9 (2)
Sukuk and Sukuk Funds 0% 10%
Quoted from clause 9 (2)
Sukuk and Sukuk Funds 0% 10%
Quoted from clause 9 (2)
Units of Other Public Investment Funds 0% 25%
Quoted from clause 9 (2)
Units of Other Public Investment Funds 0% 25%
Quoted from clause 9 (2)
Investments in unrated money market instruments and Sukuk shall not exceed 30% of the Fund's Net Asset Value.
Quoted from clause 3 (5)
The Fund Manager may use leverage as one of the primary investment strategies to maximize the Fund's returns, where it is entitled to obtain financing up to a maximum of 15% of the Fund's Net Asset Value, in accordance with Shari
Quoted from clause 9 (2)
The Fund Manager may invest in units of another investment fund or in units of different investment funds issued by the same Capital Market Institution up to a maximum of 25% of its Net Asset Value.
Quoted from clause 10 (2)
The Fund may also invest in privately offered investment funds up to a maximum of 10% of its Net Asset Value.
Quoted from clause 10 (2)
Pursuant to the Fund's Terms and Conditions, the subscriber authorizes the Fund Manager, at its sole discretion, to obtain financing up to the limit permitted by the IFR from any commercial bank licensed by SAMA to conduct banking business in the Kingdom of Saudi Arabia, to be used in connection with the Fund to meet short-term liquidity requirements, and the financing shall not exceed 15% and for a maximum of three months of the Fund's Net Asset Value.
Quoted from clause 10 (2)
Pursuant to the Fund's Terms and Conditions, the subscriber authorizes the Fund Manager, at its sole discretion, to obtain financing up to the limit permitted by the IFR from any commercial bank licensed by SAMA to conduct banking business in the Kingdom of Saudi Arabia, to be used in connection with the Fund to meet short-term liquidity requirements, and the financing shall not exceed 15% and for a maximum of three months of the Fund's Net Asset Value.
Quoted from clause 10 (2)
Dealing with any counterparty shall not exceed 25% of the Fund's Net Asset Value, in line with the IFR.
Quoted from clause 10 (2)
1. Total debt to the issuer's average market capitalization over 36 months, which should not exceed 33.33%.
Quoted from clause 1 (6)
2. Total cash and non-Shariah-compliant interest-bearing securities to the issuer's average market capitalization over 36 months, which should not exceed 33.33%.
Quoted from clause 2 (6)
3. Total cash and accounts receivable to the issuer's average market capitalization over 36 months, which should not exceed 49.00%.
Quoted from clause 3 (6)
If redemption requests exceed 10% of the Fund's Net Asset Value on any Dealing Day.
Quoted from clause 4 (6)
Yaqeen is not obligated to execute redemption requests for more than 10% of the Fund's Net Asset Value on any Dealing Day.
Quoted from clause 20 (2)
The Fund Manager executes redemption requests received first, up to the limit of 10% of the Fund's Net Asset Value.
Quoted from clause 20 (2)
The Fund Manager does not permit the transfer of ownership of Units to other investors.
Quoted from clause 20 (2)
The Fund Manager shall not distribute any profits to the Participants.
Quoted from clause 12 (3)
The Fund Manager shall convene a Unit Holders meeting within 10 days of receiving a written request from one or more Unit Holders who collectively or individually own at least 25% of the value of the Fund's units.
Quoted from clause a (4)
Notice of a Unit Holders meeting shall be given by announcing it on the Fund Manager's website and any other publicly available website, as per the regulations determined by the Authority, and by sending written notification to all Unit Holders and the Custodian at least ten days and no more than twenty-one days prior to the meeting.
Quoted from clause b (4)
A Unit Holders meeting shall not be valid unless attended by one or more Unit Holders who collectively own at least 25% of the value of the public fund's units.
Quoted from clause b (4)
What happens next
Nothing here came from your systems. It was read from the terms and conditions your fund already publishes, so you can judge the work before sharing anything.
If the limits are right, a person at your firm approves each one against its clause — that is what puts it in force. From then on, any breach you record cites the approved text, and the letter to the Authority quotes it verbatim.
- Source document
- Terms and conditions (PDF)In English
- Clauses read
- 260
- Limits proposed
- 29
- Prepared
- nothing has been shared with us
Claim this fund's rulebook
Say who you are and we mail you a personal link to this draft: every limit with its clause, nothing approved, nothing from your systems. The link lives thirty days. No account is created and nothing you type here is shared.
ComAgents — the regulator-facing accountability layer for CMA-regulated firms. Nothing here is verified; nothing came from your systems.