Subscription to SEDCO Capital Multi-Asset Traded Fund units starts today

Fund Profile

Fund

SEDCO Capital Multi-Asset Traded ETF

Fund type

Shariah-complaint, close-ended, public ETF, main market listed.

Investment Goals

Providing investors with the opportunity to invest in multiple asset classes through capital development and long-term periodic income distribution by investing in a diversified portfolio of local and international private and public investments that are compatible with Shariah standards and controls.

Fund’s Currency

SAR

Target Capital

SAR 1 bln (Minimum Limit for Subscription: SAR 300 mln)

Total Number of Units Offered

100 mln (Minimum Limit for Subscription: 30 mln units)

Unit Price

SAR 10

Offering Start Date

May 19, 2024 until June 6

Offering Extension

10 business days

Trading Start

20 business days after the offering end

Surplus Return (if any)

10 business days after allocation announcement

Subscription Minimum

SAR 1000

Benchmark

A composite index that tracks certain weights, which are: 60% Dow Jones Islamic Market World Index (DJIMT) + 20% total return of the Dow Jones Sukuk Index (DJSUKTXR) + 20% - 30-day moving average.

Subscription/Redemption Fees

2% of cash subscription amount

Target Investors

-Natural persons who hold Saudi nationality and GCC citizens.

-Natural persons residing in Saudi Arabia under a resident identity.

-Institutions, companies, investment funds and other entities and legal persons in Saudi Arabia and the GCC countries.

-Qualified foreign financial institutions.

-Other investors allowed by CMA to own Tadawul listed shares.

Management Fee

The fund manager is entitled to a management fee of 1% of the net asset value annually in exchange for the fund’s services for all asset classes in which the fund will invest. This excludes private equity investment funds managed by the fund manager. Management fees are paid semi-annually.

Cash dividend

Cash dividends, their due date, and the payout date (if any) will be announced within 40 business days from the end of June and December of each calendar year. The fund distributes the returns within a period of 90 business days from the date of announcing the cash dividend payout.

Additional Information

Fund Manager

Saudi Economic and Development Securities Co.

Custodian

AlJazira Capital

Receiving Entities

AlJazira Capital, Al Rajhi Bank, SNB Capital, Riyad Bank, Banque Saudi Fransi

Investment Areas

Investment type

Minimum

Maximum

International public stocks

0 %

 40%

Local public stocks

0 %

 20%

Debt instruments and international instruments

 20%

50%

Debt instruments and local sukuks

0 %

 30%

International investments in money market transactions and Murabaha transactions outside the Kingdom

0 %

 30%

Local investments in money market transactions and Murabaha transactions in the Kingdom

 20%

 50%

International private property

0 %

 20%

Local private property

0 %

 20%