SEDCO Capital Saudi Freestyle Artificial Intelligence Fund

A maximum of 2% of the subscription value.

مقتبس من البند 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.

مقتبس من البند 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.

مقتبس من البند 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.

مقتبس من البند 23 (3)

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

مقتبس من البند 41

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

مقتبس من البند 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.

مقتبس من البند 8 (4)

Subscriptions to the Fund are accepted in Saudi Riyals only.

مقتبس من البند 8 (4)

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

مقتبس من البند 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.

مقتبس من البند 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.

مقتبس من البند 5 (5)

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

مقتبس من البند 11 (4)

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

مقتبس من البند 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.

مقتبس من البند 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.

مقتبس من البند 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.

مقتبس من البند 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.

مقتبس من البند 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.

مقتبس من البند 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.

مقتبس من البند 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%.

مقتبس من البند 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%.

مقتبس من البند 33 (3)