Mulkia IPO fund

Mulkia IPO Fund  is an open-ended fund that aims to achieve medium to long-term capital growth by investing in the Initial Public Offering of securities in the Saudi capital market and in securities listed in the Saudi capital market for less than three years which comply to Sharia’ rules. The fund also aim to achieve returns that exceed the benchmark index growth (IdealRating Saudi IPO Index). The fund will not distribute any dividends to unitholders and dividends will be re-invested in fund.

MINI PROSPECTUS

  
Fund NameMulkia IPO Fund
SHORT NAMEMulkia IPO
FUND OBJECTIVESIncome & Growth
FUND POLICYThe Fund invests in the Initial Shares and Shares of newly listed companies in the Saudi Stock Exchange and is in compliance with Shariah Rules. The Fund Manager exercises voting rights according to the following voting policy https://www.mulkia.com.sa/wp-content/uploads/2019/04/Voting-Policy-IPO.pdf
FUND MANAGERMulkia Investment Company
FUND MANAGER INVESTMENT0
AMOUNT INVESTED IN THE FUND BY THE FUND MANAGER0
BUSINESS DAYSbusiness day from Sunday to Thursday with the exception of public holidays for the KSA
FUND CATEGORYEquity Funds – Local
FUND DETAILED OBJECTIVECapital development on the medium to long term, as the fund aims to achieve a return higher than the growth rate of Benchmark.
BASE CURRENCYSaudi Riyals
INCEPTION DATE 2014/08/12
INCEPTION PRICE10
FUND SUB CATEGORYShari’ah Compliant
FUND BENCHMARK Ideal Ratings
FUND TYPEOpen
RISK CATEGORYHigh
FUND CODE137001
  
Subscription Fees 1.5% of subscription amount – deducted from subscription amount directly. vat is not including
Management Fees1.5% yearly of Fund’s Net Asset Valuation – calculated Daily and paid Quarterly. vat is not including
Custody Fees 0.06% yearly of Fund’s Net Asset Valuation and a minimum of SR 60,000 per annum – calculated Daily and paid monthly
Redemption FeesNone
Auditor FeesSAR 30,000 Per Annum – calculated daily and Paid every six months. vat is not including
Fund Financing ExpenseDepends on the market price
CMA Review FeesSAR 7,500 Per Annum – Paid upon demand and calculated daily
Tadawul FeesSAR 5,000 Per Annum – Paid upon demand and calculated daily. vat is not including
Fund’s Board RemunerationsSAR 5,000 per meeting attendance for each independent member with a ceilling of SAR 30,000 Per Annum – calculated daily and paid after meetings directly
Sharia Committee RemunerationsSAR 43,000 Per Annum – calculated daily and Paid every six months
Benchmark Index FeesSAR 26,250 Per Annum – Paid beginning of fiscal year and calculated daily
#File NameView
1Mulkia IPO Fund T&C 2018View
#Report NameView
19Annual Report - 2019view
18IPO fund Semi-Annual report for the second half of 2019view
17 ipo short report 2019view
16Quarterly IPO Report - Q4 2019view
15Quarterly IPO Report - Q3 2019view
14 IPO Report -H1 2019View
13Quarterly IPO Report - Q2 2019view
12Quarterly IPO Report - Q1 2019view
11Annual Report - 2018view
10Quaterly IPO Report - Q4 2018View
9Quaterly IPO Report - Q3 2018view
8Quaterly IPO Report - Q2 2018View
7Quaterly IPO Report - Q1 2018View
6Yearly Report 2017View
5Quaterly IPO Report - Q3 2017View
4Quaterly IPO Report - Q2 2017View
3Quaterly IPO Report -H1 2017View
2Quaterly IPO Report -H1 2018View
1Quaterly IPO Report - Q4 2017View
#Form NameView
1Subscription Orderview
2Redemption Orderview
 20192018201720162015
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Semi-annualviewviewviewviewview

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Important Notice

Mulkia Investment Company announces that it has no subsidiaries in the Gulf Countries (GCC) or any other country and Mulkia declares that it is not responsible for any fraud.

Please be careful of any person or entity that uses Mulkia data, info, or license number to operate illegally.

Mulkia Investment Company confirms that there is absolutely no transaction (receipt, send, or transfer) of cash through personal bank accounts