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Initial subscriptions for Alistithmar Capital Diversified SAR Fund’s are now available

The Clap

Alistithmar Capital, the company that specializes in securities and brokerage services, has announced the start of the initial subscription period for units of the “Alistithmar Capital Diversified SAR Fund.” This comes after the approval of the Saudi Arabian Capital Market Authority to publicly offer the units of the fund.

What

The company stated that the fund is Sharia-compliant, and the unit price at the offering is set at 10 Saudi Riyals. The minimum subscription amount is two thousand Riyals, and the management fees are 0.5% annually based on the net asset value of the fund.

So What

This is important because the fund is open-ended and diversified, aiming to strike a balance between capital preservation and achieving positive returns by investing in a diverse portfolio of asset classes.

Now What

The fund’s investments are spread across sukuk, Murabaha contracts, and fund units, which helps reduce investment risks. It follows a flexible strategy that focuses on capitalizing on changes in interest rate cycles.