A Feeder Fund that invests in an underlying fund focused on investing in initial public offerings (IPOs) and rights issues of companies listed on the Saudi stock market in compliance with the Shariah Guidelines and Controls approved by the Fund’s Shariah supervisory committee.
The investment objective of the Fund aims to achieve via the Underlying Fund capital growth in the medium to long term by investing in initial public offerings (“IPOs”) and rights issues of companies listed on the Saudi stock market, including the primary Saudi financial market in the Kingdom of Saudi Arabia (the “Main Market”)(“Tadawul”) and the market parallel to the Main Market (the “Parallel Market”) (“Nomu”) in compliance with the Shariah Guidelines and Controls approved by the Fund’s Shariah supervisory committee.
