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.
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Fund Details |
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Fund Name |
SICO Kingdom Equity Fund |
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Fund Manager |
SICO Capital |
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Fund Objectives |
Achieving long-term capital appreciation |
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Fund Size |
SAR 300 mln |
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Minimum Limit for Fund Launch |
SAR 10 mln |
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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 |
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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 |
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Unit Price |
SAR 10 |
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Start of Offer Period |
Nov. 1, 2023 |
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End of Offer Period |
Dec. 31, 2023 |
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Launch Date |
Jan. 1, 2024 |
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Guiding Indicator |
S&P Total Return Index for Saudi Equities for Local Investor in Local Currency |
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Fund Management Fees |
Class A: 0.75% of the fund’s net assets Class B: 1.0% of the fund’s net assets |
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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.
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Percentage of Investment in Each Field |
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Investment type |
Minimum limit |
Maximum limit |
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Shares listed on Tadawul and Nomu, including initial public offerings and rights issues |
50% |
100% |
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Other investment funds with similar objectives and strategies to the fund, which invest primarily in the Saudi market |
-- |
25% |
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Other investment funds with similar objectives and strategies, which are privately offered and licensed by the CMA |
-- |
10% |
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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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