Logo of Alistithmar Capital
Alistithmar Capital stated that Alistithmar Capital Diversified SAR Fund's IPO started on Jan. 14, after having obtained the Capital Market Authority's (CMA) approval.
The fund aims to achieve a balance between maintaining capital and recording a positive return through investing in a diversified asset portfolio.
In a statement, Alistithmar Capital noted that the fund aims to invest in sukuk and fixed-income instruments as well as Murabaha and compound Murabaha.
The fund also seeks to invest in the funds that floated their units with similar investment goals.
This is in addition to investment in sukuk funds, money markets and funds with private placements.
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Details about Alistithmar Capital Diversified SAR Fund |
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Fund Manager |
Alistithmar Capital |
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Type |
Open-ended, multi-asset fund |
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Goals |
Achieving a balance between maintaining capital and recording a positive return through investing in a diversified asset portfolio |
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Risk Degree |
Low to medium |
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Compliance with Shariah |
Yes |
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Unit Offer Price |
SAR 10 |
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Subscription Fees |
Null |
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Redemption Fees |
Null |
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Management Fees |
0.5% annually of the fund's net asset value |
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Minimum Subscription Limit |
SAR 2,000 |
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Currency |
SAR |
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Evaluation Days |
Everyday |
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Days of Submitting Subscription and Redemption Applications |
Everyday |
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IPO Start Date |
Jan. 14, 2024 |
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