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Fund Details

Bakheet IPO Fund is a medium term, open-end type mutual fund that invests in IPO’s to be listed on the Saudi Stock market. The fund may also invest in companies that have been listed for less than three years. The fund offers the opportunity for investors to benefit from the “Book Building” process by investing in the funds’ units. 
Unit Price (As of 1 September 2010):  0.72487432
Net Asset Value (As of 1 September 2010):  86,002,518
Base Currency:  Saudi Riyal
Fund Category:  Equity, Saudi - IPOs
Islamic Sharia Guidelines:  No
Valuation Frequency:  Daily
Subscription / Redemption Frequency:  Twice Per Month
Benchmark:  Bakheet Saudi IPO Index
Launch Date:  1/3/2008
Launch Price:  1
Minimum Investment:  SAR 10,000
Minimum Additional Sub./Redemption:  SAR 10,000
Subscription Fees:  up to 2.0%
Redemption Fees:  0%
Management Fees:  2.0% p.a.
Other Fees:  0.5% Annual Custody Fees and 1.0% Early Redemption Fees