Alkhabeer Growth and Income Fund

Listed global and local equities (75%) 100%

Quoted from clause 3 (2)

Listed global and local equities (75%) 100%

Quoted from clause 3 (2)

Cash liquidity and Murabaha transactions (0%) 25% **

Quoted from clause 3 (2)

Cash liquidity and Murabaha transactions (0%) 25% **

Quoted from clause 3 (2)

1. Investment of more than 10% of the net asset value of the public fund in shares of a single issuer listed on the market or on any other organized financial market, provided that it does not exceed the ratio of the market value of the issue to the total market value of all shares listed on the relevant market.

Quoted from clause 1 (4)

This applies to a public fund whose objective is to invest in shares listed on the market or on any other organized financial market, provided that such investment does not exceed 20% of the net asset value of the fund.

Quoted from clause 1 (4)

Investment of more than 10% of the net asset value of the public fund in shares listed on the market or on any other organized financial market of a single issuer belonging to a field or sector in which the public fund aims to invest, provided that this does not exceed the ratio of the market value of the issue to the total market value of that specific field or sector.

Quoted from clause 2

This applies to a public fund whose terms and conditions state that its investment objective is specified in a particular field or sector of shares listed on the market, provided that the investment therein does not exceed 20% of the net asset value of the fund.

Quoted from clause 2

Except for investment in investment funds, the total of the fund's investments in different entities belonging to the same group may not exceed 25% of the net asset value of the public fund, and this includes all investments in securities issued by them, money market transactions concluded with them, and bank deposits held with them.

Quoted from clause 2

The fund portfolio may not include any security in respect of which any amount due is required to be paid, unless such payment can be fully covered by cash or securities that can be converted into cash from the fund portfolio within five (5) business days.

Quoted from clause 2

The Fund will not invest its assets with unrated entities by any of the three international credit rating agencies (Standard & Poor's, Moody's, Fitch), or with parties not regulated by the Saudi Central Bank or by a regulatory authority equivalent to the Saudi Central Bank outside the Kingdom of Saudi Arabia.

Quoted from clause 3 (2)

Ownership of the units may not be transferred except after obtaining the Fund Manager's approval.

Quoted from clause d (2)

Under normal circumstances, the Fund Manager will not retain cash or invest in Murabaha transactions in excess of 25% of the Fund's net asset value.

Quoted from clause A (4)

Listed global and local equities (75%) 100%

Quoted from clause D (2)

Listed global and local equities (75%) 100%

Quoted from clause D (2)

Initial public offering and capital increase for shares of listed companies (0%) 25%

Quoted from clause D (2)

Initial public offering and capital increase for shares of listed companies (0%) 25%

Quoted from clause D (2)

Private equity funds and unlisted companies preparing for an initial public offering through (0%) 10% participation in private placements

Quoted from clause D (2)

Private equity funds and unlisted companies preparing for an initial public offering through (0%) 10% participation in private placements

Quoted from clause D (2)

Public equity funds, exchange-traded funds, and money market funds (0%) 25%

Quoted from clause D (2)

Public equity funds, exchange-traded funds, and money market funds (0%) 25%

Quoted from clause D (2)

Cash liquidity and Murabaha transactions (0%) 25% **

Quoted from clause D (2)

Cash liquidity and Murabaha transactions (0%) 25% **

Quoted from clause D (2)

Under normal circumstances, the Fund Manager will not retain cash liquidity or invest in Murabaha transactions in excess of 25% of the Fund's net asset value.

Quoted from clause D (2)

However, in the event that some investments are liquidated (and until the cash liquidity is reinvested), or in exceptional circumstances, including, for example, an economic crisis, force majeure, war, etc., the allocation to cash liquidity and Murabaha transactions may be increased up to 100% of the Fund's net asset value.

Quoted from clause D (2)

The Fund will not invest its assets with unrated entities by one of the three international credit rating agencies (Standard & Poor's, Moody's, Fitch), or with parties not regulated by the Saudi Central Bank or by a regulatory authority equivalent to the Saudi Central Bank outside the Kingdom of Saudi Arabia.

Quoted from clause F (2)

In addition, the maximum weight of a single country will be 60% and 5.0% for a single company of the total value of the index.

Quoted from clause G

In addition, the maximum weight of a single country will be 60% and 5.0% for a single company of the total value of the index.

Quoted from clause G

The Fund will not invest its assets in financial derivatives and debt instruments such as sukuk or in securities not mentioned in paragraph (d) of the Terms and Conditions.

Quoted from clause J

It is not permissible to own more than 20% of the net asset value of the fund whose units have been acquired.

Quoted from clause L

The global and local equity portfolio follows a passive investment strategy by replicating the performance of the index while maintaining tracking error at the lowest level and at a maximum of 2%.

Quoted from clause P

The Fund will not invest its assets in financial derivatives.

Quoted from clause Q

The Fund Manager is entitled to receive a subscription fee of up to 1.0% of the cash subscription amounts.

Quoted from clause D (4)

First: Allocate no less than 5% and no more than 70% of the total offering to the subscribing institutions - if any - on a pro rata basis among them.

Quoted from clause A (7)

First: Allocate no less than 5% and no more than 70% of the total offering to the subscribing institutions - if any - on a pro rata basis among them.

Quoted from clause A (7)

During the initial offering period, investors must subscribe to at least 100 units per investor at a subscription price of 10 Saudi Riyals per unit, with a total subscription amount of not less than 1,000 Saudi Riyals.

Quoted from clause C (6)

If the percentage of redemption requests submitted by unitholders, which are required to be executed on any dealing day, reaches 10% or more of the Fund's net asset value, the Fund Manager shall have the right to execute redemptions not exceeding 10% of the Fund's net assets on that day only.

Quoted from clause F (4)

The Fund Manager aims to comply with the Authority's laws and instructions with respect to the transfer of ownership of units to other investors whenever such exists.

Quoted from clause G (3)

Minimum subscription: 1,000 Saudi Riyals for each investor.

Quoted from clause H (3)

Minimum additional subscription: 1,000 Saudi Riyals for each investor.

Quoted from clause H (3)

Minimum redemption: 1,000 Saudi Riyals for each investor.

Quoted from clause H (3)

The minimum subscription must not be less than 1,000 Saudi Riyals.

Quoted from clause H (3)

The Fund Manager targets distributing profits on a semi-annual basis. This distribution includes 100% of the returns on the Fund's investments, and up to 50% of the net realized and unrealized capital gains, and such distributions are subject to the approval of the Fund's Board of Directors.

Quoted from clause 12

The Fund Manager shall call a meeting of Unitholders by publishing the invitation on its website and on the Saudi Exchange website and by sending written notice to all Unitholders and the Custodian, giving a notice period of not less than (10) days and not more than (21) days prior to the date of the meeting.

Quoted from clause B (9)

The Fund Manager shall call a meeting of Unitholders by publishing the invitation on its website and on the Saudi Exchange website and by sending written notice to all Unitholders and the Custodian, giving a notice period of not less than (10) days and not more than (21) days prior to the date of the meeting.

Quoted from clause B (9)

The quorum required for holding a meeting of Unitholders shall consist of a number of Unitholders who collectively own at least 25% of the value of the Fund's units.

Quoted from clause C (8)

If the quorum requirements set out above are not met, the Fund Manager must call a second meeting by publishing an announcement on its website and on the Saudi Exchange website, and it must also send written notice to the Custodian, giving a notice period of not less than five (5) days prior to the date of the second meeting.

Quoted from clause C (8)

The Fund Manager must call a meeting of Unitholders within (10) days of receiving a written request from one or more Unitholders who, collectively or individually, own at least (25%) of the value of the Fund's units.

Quoted from clause A (10)

The Fund Manager must notify the Authority in writing of the Fund’s termination and also notify the unitholders of its termination by announcement on the Fund Manager’s website and the Exchange’s website within (10) days of the end of the Fund’s term in accordance with the requirements set out in paragraph (d) of Annex (10) of the Investment Funds Regulations.

Quoted from clause A (13)

If the Fund’s term expires and the Fund Manager has not completed the stage of selling the Fund’s assets during its term, the Fund Manager must liquidate the assets and distribute the unitholders’ entitlements to them within a period not exceeding (6) months from the date of expiry of the Fund’s term.

Quoted from clause A (13)

The Fund Manager must distribute the unitholders’ entitlements to them immediately upon the expiry of the Fund’s term or

Quoted from clause A (13)

(14) of the Investment Funds Regulations within a period not exceeding (70) days from the date of completion of the Fund’s termination or liquidation, including the Fund’s final audited financial statements for the period subsequent to the last annual audited financial statements.

Quoted from clause 14 (3)

In the event that the Fund Manager is removed from the liquidation activities, the Fund Manager shall fully cooperate in transferring the liquidation responsibilities to the appointed liquidator and shall transfer to it all documents related to the relevant investment fund that enable it to complete the liquidation activities within (20) days from the date of the Authority's decision to remove the Fund Manager and appoint an alternative liquidator.

Quoted from clause 14 (3)

The Fund Manager must notify the Authority in writing and the unitholders through an announcement on the Fund Manager's website and the Saudi Exchange website of the completion of the fund liquidation within (10) days from the completion of the fund liquidation in accordance with the requirements set out in paragraph (d) of Annex (10) of the Investment Funds Regulations.

Quoted from clause B (12)

The Fund Manager must provide the unitholders with the fund termination report in accordance with the requirements of Annex

Quoted from clause B (12)

(14) of the Investment Funds Regulations within a period not exceeding (70) days from the date of completion of the fund termination or liquidation, including the fund's final audited financial statements for the period subsequent to the last annual audited financial statements.

Quoted from clause 14 (4)

1. The Fund may not invest in companies whose principal line of business is one or more of the following:

Quoted from clause 1 (27)

Production and distribution of alcohol or tobacco and the like.

Quoted from clause B (21)

Institutions and companies that focus on gambling and betting activities, such as casinos or manufacturers and providers of gambling machines.

Quoted from clause B (21)

Production and distribution of pork and its derivatives, non-slaughtered meats, alcoholic beverages, and all non-halal products.

Quoted from clause D (15)

Biotechnology companies involved in the manipulation of human genes and related modification or cloning, excluding companies concerned with medical research.

Quoted from clause E (12)

Entertainment tools not compliant with the standards of the Sharia Supervisory Committee of the Fund Manager, such as the production and publication of pornographic films, immoral books, magazines, indecent satellite channels and cinemas, the composition and publication of music, and radio stations not compliant with the standards of the Sharia Supervisory Committee of the Fund Manager.

Quoted from clause F (8)

Any other activity not compliant with the standards of the Sharia Supervisory Committee of the Fund Manager as determined by the Sharia advisor.

Quoted from clause F (8)

Total conventional debt divided by the company's total assets equals or exceeds 30%.

Quoted from clause A (22)

Total cash plus interest-bearing prohibited securities divided by total assets equals or exceeds 30%.

Quoted from clause B (22)

Income derived from investments not compliant with the standards of the Sharia Supervisory Committee of the Fund Manager equals or exceeds 5%.

Quoted from clause C (18)

Shares may not be bought and sold by any of the following investment instruments:

Quoted from clause 5 (11)