SEDCO Capital Lombard Global ESG Equities Feeder Fund

The Fund seeks to invest all of its assets in the Master Fund, which in turn aims to directly invest in the shares of companies that comply with environmental, social and corporate sustainability (ESG) standards.

مقتبس من البند 3 (3)

The Fund seeks to invest all of its assets in the Master Fund, which in turn aims to directly invest in the shares of companies that comply with environmental, social and corporate sustainability (ESG) standards.

مقتبس من البند 3 (3)

Master Fund 100% 100%

مقتبس من البند 3 (3)

Master Fund 100% 100%

مقتبس من البند 3 (3)

As the Fund is an open-ended feeder public investment fund that is Shariah-compliant, all of the Fund’s investments will be in the Master Fund (SEDCO Capital Lombard Global ESG Equities), which is Shariah-compliant and registered in Luxembourg.

مقتبس من البند 3 (3)

The Fund may obtain any financing for its account provided that it does not exceed (15%) of the Fund’s Net Asset Value (NAV), and that the financing maturity period does not exceed one year, and after obtaining the approval of the Fund’s Board of Directors and the Fund’s Sharia Supervisory Committee, provided that the Fund does not intend to engage in any lending operations, and the financing amount depends on the financing terms and market conditions prevailing at the time.

مقتبس من البند 3 (3)

The Fund may obtain any financing for its account provided that it does not exceed (15%) of the Fund’s Net Asset Value (NAV), and that the financing maturity period does not exceed one year, and after obtaining the approval of the Fund’s Board of Directors and the Fund’s Sharia Supervisory Committee, provided that the Fund does not intend to engage in any lending operations, and the financing amount depends on the financing terms and market conditions prevailing at the time.

مقتبس من البند 3 (3)

The Fund may obtain any financing for its account provided that it does not exceed (15%) of the Fund’s Net Asset Value (NAV), and that the financing maturity period does not exceed one year, and after obtaining the approval of the Fund’s Board of Directors and the Fund’s Sharia Supervisory Committee, provided that the Fund does not intend to engage in any lending operations, and the financing amount depends on the financing terms and market conditions prevailing at the time.

مقتبس من البند 3 (3)

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

مقتبس من البند 8 (3)

The Fund Manager is entitled to a Fund management fee equivalent to 0.80% of the Fund’s Net Asset Value (NAV) annually.

مقتبس من البند 9 (3)

The Master Fund management fee is 0.40% of the fund's net asset value.

مقتبس من البند 9 (3)

Subscription Fee: up to 1.5% of the subscription value.

مقتبس من البند 34

The Fund pays a fee to the Custodian equivalent to (0.04%) of the Net Asset Value annually, with a minimum of (35,000) Saudi Riyals.

مقتبس من البند 9 (3)

The Fund pays fees to the Fund Operator equivalent to (0.03%) of the Net Asset Value annually, up to a limit of (15,000) Saudi Riyals.

مقتبس من البند 9 (3)

The Fund Manager has the right to extend the Offering Period for (40) Business Days, not to exceed (60) days, and reserves the right to close it before the end of the Offering Period or the end of the extension period.

مقتبس من البند 11 (3)

The maximum duration between the redemption process and the disbursement of the due redemption amount to the Unitholder is (5) Business Days from the day of evaluation for the purpose of redemption according to the published Net Asset Value.

مقتبس من البند 11 (3)

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

مقتبس من البند 13 (3)

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 (3)

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 (3)

The Fund will make its reports available within (21) days of issuing the reports of the Master Fund in which the Fund invests.

مقتبس من البند 13 (3)

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 (3)

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 (3)

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 (3)

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 (3)

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 (3)

Notifying Unitholders of the Fund Manager’s desire to terminate the Fund within a period of no less than (21) days.

مقتبس من البند 16 (3)

The Fund Manager must announce the details of the Fundamental Changes on its website, the Exchange’s website, and any other website available to the public, subject to CMA’s guidelines, (10) days before the change takes effect.

مقتبس من البند 19 (3)

The Fund Manager shall notify the CMA and Unitholders of and shall disclose on its website, the Exchange’s website, and on any other website available to the public, subject to CMA’s guidelines, any Non-fundamental Changes to the public Fund, (10) days prior to the effective date of the change.

مقتبس من البند 19 (3)

The Fund Manager must notify the Authority and Unitholders in writing of the details of the termination plan and procedures of the Fund at least (21) days prior to the intended termination date, without breaching the Terms and Conditions of the Fund.

مقتبس من البند 5 (4)

The Fund Manager shall notify the Authority in writing and announce on the Fund Manager website, the Exchange’s website, or any other publicly available website according to the regulations specified by the Authority, of the Fund’s termination within (10) days after the Fund’s termination period ends, in accordance with the requirements outlined in the Investment Funds Regulations.

مقتبس من البند 5 (4)

The Fund Manager shall provide the Unitholders with the Fund termination report, in accordance with the requirements of the Investment Funds Regulations within a period not exceeding (70) days from the date of completion of the Fund’s termination, including the final audited financial statements of the Fund for the period subsequent to the last audited annual financial statements.

مقتبس من البند 5 (4)

The Subscriber may also submit the complaint to the Committee for the Resolution of Securities Disputes after (90) Business Days following the date of submission of complaint to the CMA, unless the CMA has notified the complainant to file the compliant to the Committee prior to the expiration of such period.

مقتبس من البند 30 (3)

companies whose sum of cash and interest bearing securities divided by the trailing 24-month average market capitalisation or total assets (whichever is the greater as the denominator) is greater than or equal to 33%

مقتبس من البند 2 (8)

companies whose accounts receivables divided by the trailing 24-month average market capitalisation or total assets (whichever is the greater as the denominator) is greater than or equal to 33%

مقتبس من البند 3 (7)

companies whose amount of revenue generated from any of the following Non-Permissible Activities is exceeding 5% of its total revenue irrespective of the income being generated by undertaking a non-permissible activity.

مقتبس من البند 4 (5)

No Fund may invest in or use any of the following instruments or any derivatives thereof

مقتبس من البند 4 (5)

No Fund may use conventional borrowing, leverage or hedging.

مقتبس من البند 4 (5)

Existing companies whose conventional Leverage Ratio is more than (33%) for existing companies on a post money valuation basis and zero for companies yet to be formed

مقتبس من البند 1 (8)

For companies yet to be formed and seeking interest-bearing debt

مقتبس من البند 2 (9)

Companies whose amount of revenue generated from any of the following Non-Permissible Activities exceed 5% of its total revenue irrespective of the income being generated by undertaking the non-permissible activity.

مقتبس من البند 3 (8)

Companies whose total amount of interest-taking deposits, whether short, medium or long term, is exceeding (30%) of Equity Value

مقتبس من البند 4 (6)