SICO Kingdom Equity Fund - Class B

The Fund Manager has the right, in accordance with the Investment Funds Regulations, to set a maximum of 10% of the Fund's net assets as the redeemable amount on each dealing day.

Quoted from clause 7

Subscription Fees A maximum of 2% of the subscription value for each initial or subsequent subscription transaction made by the investor in the Fund's units (referred to as "Subscription Fees").

Quoted from clause 9 (2)

Subscription Fees: A subscription fee of up to 2% of the subscription amount shall be charged on each initial or subsequent subscription made by the investor in the Fund’s units (the "Subscription Fee").

Quoted from clause A

Subscription and redemption prices are determined by multiplying the number of units requested to be purchased or redeemed by the unit price, with the addition of subscription fees, if any, which represent a maximum of 2% of the subscription value in the case of subscription requests only, and these transactions are subject to Value Added Tax (VAT).

Quoted from clause 4 (5)

If the total value of redemption requests requested by unit holders on a single dealing day reaches 10% or more of the net asset value of the Fund.

Quoted from clause 1 (6)

Redemption requests will be selectively postponed in cases where the redemption request is equal to or exceeds (5%) of the net asset value of the Fund.

Quoted from clause 3 (6)

In case the redemption is less than (5%), selection will be based on priority for submitting the redemption request, with a maximum total of redemptions (10%) of the Fund's asset value.

Quoted from clause 4 (6)

If the value of redemption requests exceeds the transfer rate of 10% of the net asset value of the Fund on a dealing day, the Fund Manager, in accordance with his absolute discretion, may postpone any redemption request and/or transfer on a pro-rata basis so that the total value of requests does not exceed the 10% limit.

Quoted from clause 4 (7)

Minimum Additional Subscription for Class (A) Units 1,000 SAR

Quoted from clause 4 (7)

Minimum Redemption for Class (A) Units 1,000 SAR

Quoted from clause 4 (7)

Minimum Additional Subscription for Class (B) Units 1,000 SAR

Quoted from clause 4 (7)

Minimum Redemption for Class (B) Units 1,000 SAR

Quoted from clause 4 (7)

Resolutions of the unit holders meeting shall be considered effective upon the approval of unit holders representing 50% of the total units whose holders are present, or pursuant to a special fund resolution as required by the provisions of the Investment Funds Regulations, and voting shall be either by paper or electronic means.

Quoted from clause 3 (10)

A unit holders meeting shall not be valid unless attended by a number of unit holders representing collectively at least 25% of the value of the Fund's units.

Quoted from clause 16 (2)

Minimum additional subscription of 1,000 SAR

Quoted from clause 18 (2)

Minimum redemption of 1,000 SAR

Quoted from clause 18 (2)

The Fund Manager must notify unit holders and disclose the details of fundamental changes on the Fund Manager's website and on the website of the Saudi Stock Exchange "Tadawul" at least (10) business days prior to the effective date of the change.

Quoted from clause 1 (11)

The fund manager must notify the Authority and unit holders in writing of the details of the fund termination plan and procedures at least twenty-one (21) business days prior to the date on which the fund is intended to be terminated, without prejudice to these terms and conditions .

Quoted from clause 20 (2)

The fund manager must notify the Authority and unit holders in writing of the fund's termination within ten (10) business days from the expiry of the fund's term, in accordance with the requirements of paragraph (d) of Appendix

Quoted from clause 20 (2)

If the terms and conditions of the fund stipulate that it shall terminate upon the occurrence of a specific event, the fund manager must terminate the fund immediately upon the occurrence of that event and notify the Authority and unit holders in writing within (5) business days from the occurrence of the event that requires the termination of the fund.

Quoted from clause 10 (4)

The fund manager must provide unit holders with the fund termination report in accordance with the requirements of Appendix (14) of the Investment Funds Regulations within a period not exceeding (70) business days from the date of completion of the fund's termination or liquidation, including the final audited financial statements of the fund for the period following the last audited annual financial statements.

Quoted from clause 10 (4)

Unless the Authority specifies otherwise, the fund manager may not restrict investment eligibility to the citizens of any country or group of countries or to a specific fund.

Quoted from clause 21 (2)

The fund manager must establish policies and procedures to monitor risks affecting the fund's investments and ensure dealing with them promptly, provided that such policies and procedures include conducting a risk assessment process at least annually.

Quoted from clause 21 (2)

The fund manager must cooperate with all persons concerned with performing tasks for the fund, including the custodian and the auditor, and provide them with everything necessary to perform their duties and tasks in accordance with these Regulations.

Quoted from clause 21 (2)

The fund manager shall notify the Authority of any of the cases mentioned in sub-paragraph (5) of paragraph (a) of this Article within two days from the date of its occurrence.

Quoted from clause b

Upon the removal of the fund manager in accordance with any of the cases stipulated in sub-paragraph (5) of paragraph (a) of this Article, the removed fund manager shall invite the unit holders to a meeting within (15) days from the date of issuance of the Authority's decision of removal, in order to discuss the appointment of a replacement fund manager and determine the specified period for searching and negotiating with the replacement manager.

Quoted from clause c

Upon the removal of the fund manager in accordance with the case stipulated in sub-paragraph (6) of paragraph (a) of this Article, an ordinary fund resolution shall be issued at the same meeting in which the unit holders voted on the request to remove the fund manager, in order to appoint the custodian or another entity to search and negotiate with a fund manager and determine the specified period for search and negotiation .

Quoted from clause d (2)

Upon achieving either of the two cases stipulated in paragraphs (c) and (d) of this Article, the fund manager shall notify the Authority of the results of the unit holders' meeting within two days from the date of its convening.

Quoted from clause e

The fund manager must cooperate and provide the custodian or the concerned entity authorized to search and negotiate with any documents requested from it for the purpose of appointing a replacement fund manager within (10) days from the date of the request, and both parties must maintain the confidentiality of the information.

Quoted from clause f

If the Authority exercises any of its powers in accordance with paragraph (a) of this Article, the fund manager must cooperate fully to help facilitate the smooth transfer of responsibilities to the replacement fund manager within (60) days from the appointment of the replacement fund manager, and the removed fund manager must transfer, where necessary and appropriate and at the sole discretion of the Authority, to the replacement fund manager all contracts associated with the relevant investment fund.

Quoted from clause h

The fund operator must pay redemption proceeds to unit holders no later than the end of business on the fifth day following the valuation point at which the redemption price was determined.

Quoted from clause 7 (5)