SEDCO Capital Saudi Freestyle Artificial Intelligence Fund

A maximum of 2% of the subscription value.

Quoted from clause 20 (2)

In all cases, only the actual fees and costs will be deducted in addition to the taxes imposed by law, with a maximum of (1%) of the Fund’s Net Asset Value (NAV) annually.

Quoted from clause 25 (2)

Ordinary Fund Resolution: Means a resolution requiring the approval of Unitholders representing more than 50% of the total Units held by those present at a Unitholders’ meeting, whether attending in person, by proxy, or through modern technological means.

Quoted from clause 22 (3)

Special Fund Resolution: Means a resolution requiring the approval of Unitholders representing 75% or more of the total Units held by those present at a Unitholders’ meeting, whether attending in person, by proxy, or through modern technological means.

Quoted from clause 23 (3)

Note that the Fund Manager will not appoint any executing intermediate/broker outside the Kingdom.

Quoted from clause 41

In all cases, the Fund will not invest in unrated Sukuk.

Quoted from clause 3 (4)

The Fund’s currency is exclusively the Saudi Riyal, and the Fund will not accept any funds in any currency other than the Saudi Riyal.

Quoted from clause 8 (4)

Subscriptions to the Fund are accepted in Saudi Riyals only.

Quoted from clause 8 (4)

Subscription and 2% maximum of the subscription value. There are no redemption fees in the Fund.

Quoted from clause 9 (4)

Other Fees and Expenses The Fund Manager has the right to charge the Fund for all other expenses and costs resulting from the Fund’s activities. These expenses and costs include fees related to services provided by third parties, which include, but are not limited to, banking transaction fees, currency exchange fees, printing fees, publishing periodic reports, and Unitholder meetings. In all cases, only the actual fees and costs will be deducted in addition to the taxes imposed by law, with a maximum of (1%) of the Fund’s Net Asset Value (NAV) annually.

Quoted from clause 9 (4)

Immediately inform the Authority about any valuation or pricing error amounting to (0.5%) or more of the Unit price and disclose it on the Fund Manager’s website, the market website, and in the reports prepared by the Fund Manager in accordance with the investment Funds regulation requirements.

Quoted from clause 5 (5)

The maximum duration between the redemption process and the disbursement of the due redemption amount to the Unitholder is 4 Business Days.

Quoted from clause 11 (4)

The quarterly statement of the Fund will be made available within (10) days from the end of the relevant quarter.

Quoted from clause 13 (4)

The Fund Manager will prepare the preliminary financial statements and make them available to the public within (30) days from the end of the period of the statements.

Quoted from clause 13 (4)

The annual reports of the Fund (including the annual financial statements) will be made available to the public within a period not exceeding (3) months from the end of the reporting period.

Quoted from clause 13 (4)

The Fund Manager must call a meeting of the Unitholders within (10) days from the date of receiving a written request from the Custodian.

Quoted from clause 15 (4)

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

Quoted from clause 15 (4)

Unitholders who own at least (10%) of the value of Fund Units have the right to add one or more topics to the agenda of the Unitholders meeting, provided that the proposed topic does not overlap with the responsibilities and duties of the Fund Manager under the provisions of the Investment Funds Regulations.

Quoted from clause 15 (4)

The Unitholders meeting shall not be valid unless attended with a number of Unitholders collectively owning at least (25%) of the value of Fund Units.

Quoted from clause 15 (4)

Companies where the sum of cash and interest-bearing securities divided by the company’s average market value or total assets over the last 24 months (whichever is greater) is equal to or exceeds 33%.

Quoted from clause 33 (3)

Companies where accounts receivable divided by the company’s average market value or total assets over the last 24 months (whichever is greater) is equal to or exceeds 33%.

Quoted from clause 33 (3)