SICO Kingdom Equity Fund’s SAR 300 mln public offering begins today

Logo of SICO Financial

SICO Capital announced that the public offering of SICO Kingdom Equity Fund began today, Nov. 1, and will run until Dec. 31, 2023.

SICO Kingdom Equity Fund is an open-ended public investment fund with an unlimited term. It invests in Saudi stocks and aims to achieve long-term capital appreciation.

SICO Capital aims for the fund size to hypothetically reach SAR 300 million from the offering process. It will start operating on Jan. 1, 2024. If the minimum threshold of SAR 10 million to start operations is collected before this date, the fund manager can conclude the initial offering period and launch the fund.

Last September, the Capital Market Authority (CMA) approved the public offering of SICO Kingdom Equity Fund.

Fund Details
Fund Name	SICO Kingdom Equity Fund
Fund Manager	SICO Capital
Fund Objectives	Achieving long-term capital appreciation
Fund Size	SAR 300 mln
Minimum Limit for Fund Launch	SAR 10 mln
Minimum Limit for Subscription & Redemption	Class A: These units will be issued to unitholders who meet the following conditions: - The minimum initial subscription is SAR 10 mln - The minimum additional subscription is SAR 1 mln -Minimum redemption is SAR 1 mln
Minimum Limit for Subscription & Redemption	Class B: These units will be issued to unitholders who meet the following conditions: -The minimum initial subscription is SAR 100,000 -The minimum additional subscription is SAR 10,000 -The minimum redemption is SAR 10,000 No class will have investment strategies and objectives that differ from those of other classes of the same fund
Unit Price	SAR 10
Start of Offer Period	Nov. 1, 2023
End of Offer Period	Dec. 31, 2023
Launch Date	Jan. 1, 2024
Guiding Indicator	S&P Total Return Index for Saudi Equities for Local Investor in Local Currency
Fund Management Fees	Class A: 0.75% of the fund’s net assets Class B: 1.0% of the fund’s net assets
Subscription & Redemption Fees	A maximum of 2% of the total subscription amount applies to all categories

The fund aims to invest in shares of companies listed on the Saudi Exchange (Tadawul) and Nomu-Parallel Market. This is in addition to primary and secondary public offerings, rights issue shares, and other public offerings on Tadawul.

The fund focuses its investments on a selected group of shares of Tadawul-listed companies or in other investment funds with objectives and strategies similar to its, which invest in the Saudi markets and are licensed by the CMA.

The fund may invest in capital and Murabaha instruments as well as funds licensed by the Saudi Central Bank (SAMA) or managed by the fund manager, if there are favorable investment opportunities.

Percentage of Investment in Each Field
Investment type	Minimum limit	Maximum limit
Shares listed on Tadawul and Nomu, including initial public offerings and rights issues	50%	100%
Other investment funds with similar objectives and strategies to the fund, which invest primarily in the Saudi market	--	25%
Other investment funds with similar objectives and strategies, which are privately offered and licensed by the CMA	--	10%
Capital market instruments*	--	100%

*The fund manager may resort to this type of asset in one-off cases and to search for suitable investment opportunities or to invest subscription amounts prior to the fund’s commencement.

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