ʓ @ʞ b(,a` _s<ʜ +,M e ˳oʜ Wr,k<

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2021 xsk5` 0y0Y`

Annual Report 2021

ʓ@ʞ b(,a` _s<ʜ +,Me ˳oʜ Wr,k<

SNB Capital Multi-Asset Income Plus Fund

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ﺎﺿﻹﺍ ﻞﺧﺪﻠﻟ ﻝﻮﺻﻷﺍ ﺩﺪﻌﺘﻣ ﻫﻷﺍ ﻕﻭﺪﻨﺻ ﻱﻮﻨﺴﻟﺍ ﺮﻘﺘﻟﺍ 2021

ﻡ Page 1 of 12

SNB Capital Multi-Asset Income Plus Fund Annual Report 2021

Contents ﺕﺎ$ﺘﺤﻤﻟﺍ

x Investment Fund Information ﺭﺎﻤﺜﺳﻻﺍ ﻕﻭﺪﻨﺻ ﺕﺎﻣﻮﻠﻌﻣ _x

x Fund Performance ﻕﻭﺪﻨﺼﻟﺍ ﺀﺍﺩﺃ _x

x Fund Manager ﻕﻭﺪﻨﺼﻟﺍ ﺮﻳﺪﻣ _x

x Custodian ﻆﻔﺤﻟﺍ !ﻣﺃ _x

x Fund Operator ﻕﻭﺪﻨﺼﻟﺍ ﻞﻐﺸﻣ _x

x Auditor ﺕﺎ%ﺎﺴﺤﻟﺍ ﻊﺟﺍﺮﻣ _x

x Financial Statements ﺔ*ﻟﺎﻤﻟﺍ ﻢﺋﺍﻮﻘﻟﺍ _x

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ﻡ Page 2 of 12

A) Investment Fund Information ﺭﺎﻤﺜ*ﺳﻻﺍ ﻕﻭﺪﻨﺻ ﺕﺎﻣﻮﻠﻌﻣ ﺃ(

1) Name of the Investment Fund ﺭﺎﻤﺜ*ﺳﻻﺍ ﻕﻭﺪﻨﺻ ﻢﺳﺍ (1

SNB Capital Multi-Asset Income Plus Fund 3 ﺩﺪﻌﺘﻣ 34ﻫﻷﺍ ﻕﻭﺪﻨﺻ

7ﺎﺿﻹﺍ ﻞﺧﺪﻠﻟ ﻝﻮﺻﻷﺍ

2) Investment Objectives and Policies ﻪﺗﺎﺳﺭﺎﻤﻣﻭ ﺭﺎﻤﺜ*ﺳﻻﺍ ﺕﺎﺳﺎ7ﺳ ﻭ ﻑﺍﺪﻫﺃ (2

x Fund’s Objectives:

The Fund aims to provide income distribution to its Unitholders, capital growth over the medium to long term, and to provide gross total return higher than Traditional Shariah Compliant Fixed Income.

x Investment Policies and Practices:

The Fund will invest in variety of assets including the following securities:

- Money Market: these include, but are not limited to, cash, Money Market Transactions and investment funds investing primarily or partially in Money Market Transactions and / or Sukuk.

- Sukuk: these includes listed or non-listed Sukuk, Sukuk initial offering, and Sukuk-Linked certificates.

- Other Investments: these include, certificates, units, shares, ETFs providing exposure to, Trade, Supply Chain and Working Capital Finance, Leasing, Asset-backed Investment, Income Generating Real Estate, Infrastructure Investments, REITs, Agricultural Investments.

x :ﻕﻭﺪﻨﺼﻟﺍ ﻑﺍﺪﻫﺃ

ﻬﻳ ﻑﺪ ﻕﻭﺪﻨﺼﻟﺍ ﻞﺧﺩ ﻊــــJﺯﻮﺗ Vﺇ 4ﻋ ﻝﺎﻤﻟﺍ ﺱﺃﺭ 3 4ﻋ

7 ﻮﻤﻨﻟﺍﻭ ،ﻪﺗﺍﺪﺣﻭ 3^ﻟﺎﻣ

ﺕﺍﻭﺩﺃ ﻦﻣ 4ﻋﺃ 3Vﺎﻤﺟﺇ ﺪﺋﺎﻋ ﻖﻴﻘﺤﺗﻭ ،ﻞJqﻄﻟﺍﻭ ﻂﺳﻮﺘﻤﻟﺍ ﻯﺪﻤﻟﺍ ﻞﺧﺪﻟﺍ

ﺔﻌJ }~ﻟﺍ ﻊﻣ ﺔﻘﻓﺍﻮﺘﻤﻟﺍ ﺔﺩﺎﻌﻟﺍ ﺖ%ﺎﺜﻟﺍ .

x :ﻪﺗﺎﺳﺭﺎﻤﻣﻭ ﺭﺎﻤﺜ*ﺳﻻﺍ ﺕﺎﺳﺎ7ﺳ

ﺮﻤﺜﺴ

ﻕﻭﺪﻨﺼﻟﺍ 3

7 ﻝﻮﺻﺃ ﺓﺩﺪﻌﺘﻣ ﻞﻤﺸ

ﻕﺍﺭﻭﻷﺍ ﺔ*ﻟﺎﻤﻟﺍ :ﺔ*ﻟﺎﺘﻟﺍ

- ﻕﺍﻮﺳﺃ ﺪﻘﻨﻟﺍ ﻞﻤﺸﻭ 4ﻋ ﻞ*ﺳ ﻝﺎﺜﻤﻟﺍ ﻻ ﺤﻟﺍ :

،ﺪﻘﻨﻟﺍ ﺕﺎﻘﻔﺻ ﻕﺍﻮﺳﺃ

،ﺪﻘﻨﻟﺍ ﻖﻳﺩﺎﻨﺻ ﺕﺍﺪﺣﻭ ﻕﺍﻮﺳﺃ

ﺪﻘﻨﻟﺍ 3

ﻟﺍ ﺮﻤﺜﺴ

ﺎ*ﻠ

ﻭﺃ ﺎ*ﺋﺰﺟ 3 7 ﺕﺎﻘﻔﺻ

ﻕﺍﻮﺳﺃ ﺪﻘﻨﻟﺍ .

- ﻙﻮﻜﺼﻟﺍ : ﻞﻤﺸ

ﻙﻮﻜﺼﻟﺍ ﺔﺟﺭﺪﻤﻟﺍ

ﻏﻭ

،ﺔﺟﺭﺪﻤﻟﺍ ﺕﺎﺣﻭﺮﻄﻟﺍﻭ ﺔ*ﻟﻭﻷﺍ

ﺕﺍﺩﺎﻬﺸﻟﺍﻭ ،ﻙﻮﻜﺼﻠﻟ ﺔﻄﺗﺮﻤﻟﺍ

ﻙﻮﻜﺼﻟﺎ%

.

- ﺕﺍﺭﺎﻤﺜﺳﻻﺍ ﻯﺮﺧﻷﺍ

:

،ﻞﻤﺸ

4ﻋ ﻞ*ﺳ ﻝﺎﺜﻤﻟﺍ ﻻ ﺤﻠﻟ : ﺕﺍﺩﺎﻬﺸﻟﺍ

ﺕﺍﺪﺣﻮﻟﺍﻭ ﺎﻤ%

ﺕﺍﺪﺣﻭ ﺎﻬﻴﻓ ﻖﻳﺩﺎﻨﺻ

ﺕﺍ }ﺆﻤﻟﺍ ﺔﻟﻭﺍﺪﺘﻤﻟﺍ

ﻢﻬﺳﻷﺍﻭ 3

ﻟﺍ

ﺮﻤﺜﺴ

ﻭﺃ ﺮﻓﻮﺗ ﺪﺋﺎﻋ ﻂﺗﺮﻳ

% ﻟﺎ ﺕﺎﻘﻔﺼ ﻞJqﻤﺗﻭ ﺱﺃﺭ ﻝﺎﻤﻟﺍ

،ﻞﻣﺎﻌﻟﺍ

،ﺓﺭﺎﺟﻹﺍﻭ (Supply Chain)

ﻞJqﻤﺗ ﺓﺭﺎﺠﺘﻟﺍ ﺔﻠﺴﻠﺳﻭ ﺪJﺭﻮﺘﻟﺍ

ﺕﺍﺭﺎﻤﺜﺳﻻﺍﻭ ﺔﻣﻮﻋﺪﻤﻟﺍ

،ﻝﻮﺻﺄ%

ﺕﺍﺭﺎﻘﻌﻟﺍﻭ ﺓﺭﺪﻤﻟﺍ

،ﻞﺧﺪﻠﻟ ﺕﺍﺭﺎﻤﺜﺳﺍﻭ

ﺔ*ﺒﻟﺍ ﻖﻳﺩﺎﻨﺻﻭ ،ﺔ*ﺘﺤﺘﻟﺍ ﺭﺎﻤﺜﺳﻻﺍ

ﺔJﺭﺎﻘﻌﻟﺍ ﺔﻟﻭﺍﺪﺘﻤﻟﺍ )

ﺖJﺭ (

ﺕﺍﺭﺎﻤﺜﺳﻻﺍﻭ ﺔ*ﻋﺍﺭﺰﻟﺍ

.

3) Distribution of Income & Gain Policy ﺡﺎ=ﺭﻷﺍﻭ ﻞﺧﺪﻟﺍ ﻊــــﺯﻮﺗ ﺔﺳﺎ7ﺳ (3

The Fund Manager reserves the right, at its own discretion, acting in the best interest of the Unitholders, to fully or partially distribute income received from underlying investments (if any) and/or realized capital gain (if any) to the Unitholders twice a year within seven (7) Business Days from the end of June and December, each year, after obtaining the Fund Board approval. Unitholders eligible for the distribution will be the Unitholders of record at the valuation day before the last valuation day in June and December, each year.

ﻆﻔﺘﺤ

ﺮﻳﺪﻣ ﻕﻭﺪﻨﺼﻟﺍ ﻖﺤ%

ﺭﺍﺮﻗﺇ ﻊــــJﺯﻮﺘﻟﺍ 34ﻟﺍ 3 ﻭﺃ

ﺰﺠﻟﺍ ﻦﻣ ﺡﺎ¢ﺭﻷﺍ ﺍ ﺔJﺭﻭﺪﻟ

ﺔﻤﻠﺘﺴﻤﻟﺍ ﻦﻣ ﺕﺍﺭﺎﻤﺜﺳﺍ ﻕﻭﺪﻨﺼﻟﺍ

ﻝﺎﺣ ﺎﻫﺩﻮﺟﻭ ﻭ £ ﻭﺃ ﻊــــJﺯﻮﺗ ﺡﺎ¢ﺭﻷﺍ ﺔ*ﻟﺎﻤﺳﺃﺮﻟﺍ

ﺔﻘﻘﺤﻤﻟﺍ ﻥﺇ ﺕﺪﺟﻭ ﻦﻣ ﻞﻗ ﻕﻭﺪﻨﺼﻟﺍ ﺎﻤ%

ﻖﻘﺤ

ﺔﺤﻠﺼﻣ 3^ﻟﺎﻣ ﺕﺍﺪﺣﻮﻟﺍ . ﻢﺘJﻭ

ﻊــــJﺯﻮﺗ ﻚﻠﺗ ﺡﺎ¢ﺭﻷﺍ

3 !ﺗﺮﻣ 7 ﺔﻨﺴﻟﺍ ﻝﻼﺧ ﻮﻴﻧﻮﻳ ﺮﻬﺷ ﺔﺍﺪ%

©

ﻤﺴﺩﻭ ﻦﻣ ﻞ

،ﻡﺎﻋ 4ﻋ

ﻥﺃ ﻥﻮﻜﺗ ﺔ*ﻘﺣﺃ ﻡﻼﺘﺳﺍ ﻝﻼﺧ ﺡﺎ¢ﺭﻷﺍ ﺔﻌﺳ

ﻡﺎﺃ ﻞﻤﻋ ﻦJ«ﻤﺜﺴﻤﻠﻟ

!ﻠﺠﺴﻤﻟﺍ 3

7

ﺕﻼﺠﺳ ﻕﻭﺪﻨﺼﻟﺍ ﺐﺴﺣ ﺦــــJﺭﺎﺗ ﻡﻮﻳ ﻢ*ﻴﻘﺘﻟﺍ ﻱﺬﻟﺍ ﻖﺒﺴ

ﺦــــJﺭﺎﺗ ﻢ*ﻴﻘﺘﻟﺍ

3 ﺧﻷﺍ 7

ﺮﻬﺷ ﻮﻴﻧﻮﻳ ﺮﻬﺷﻭ ©

ﻤﺴﺩ ﻦﻣ ﻞ

،ﻡﺎﻋ ﻚﻟﺫﻭ ﺪﻌ%

ﻝﻮﺼﺤﻟﺍ 4ﻋ ﺔﻘﻓﺍﻮﻣ ﺲﻠﺠﻣ ﺓﺭﺍﺩﺇ

ﻕﻭﺪﻨﺼﻟﺍ .

4) The fund’s reports are available upon request free of

charge. .ﻞKﺎﻘﻣ ﻥﻭﺪ=ﻭ ﺐﻠﻄﻟﺍ ﺪﻨﻋ ﻕﻭﺪﻨﺼﻟﺍ ﺮﺭﺎﻘﺗ ﺡﺎﺘﺗ (4

5) The fund’s benchmark and the service provider’s website (if any)

5 ﺔﻣﺪﺨﻟﺍ ﺩﻭﺰﻤﻟ (

Zﻭ\]ﻟﻹﺍ ﻊﻗﻮﻤﻟﺍﻭ ،ﻕﻭﺪﻨﺼﻠﻟ ﻱﺩﺎﺷ[ \ﺳﻻﺍ [ zﺆﻤﻟﺍx ﻥﺇ)

(ﺪﺟﻭ The Fund doesn’t have or follow any Benchmark.

However, 3M SAIBOR + 75bps will be used for comparison with the Fund’s performance.

}

ﺆﻣ ﻱﺄ% ﻕﻭﺪﻨﺼﻟﺍ ﻂﺗﺮﻳ ﻻ .

ﺓﺪﻤﻟ (ﺭﻮﺒﻳﺎﺳ) ﺔﺩﻮﻌﺴﻟﺍ ﻙﻮﻨﺒﻟﺍ !ﺑ ﺽﺍﺮﻗﻹﺍ ﻝﺪﻌﻣ ﻡﺍﺪﺨﺘﺳﺍ ﻦﻜﻤ

3 + ﺮﻬﺷﺃ

ﻕﻭﺪﻨﺼﻟﺍ ﺀﺍﺩﺃ ﺔﻧﺭﺎﻘﻤﻟ ﺱﺎﺳﺃ ﺔﻄﻘﻧ ﻥﻮﻌﺳﻭ ﺔﺴﻤﺧ .

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ﻡ Page 3 of 12

B) Fund Performance ﻕﻭﺪﻨﺼﻟﺍ ﺀﺍﺩﺃ (ﺏ

1) A comparative table covering the last three financial years/or since inception, highlighting :

1 ،ﺲﺳﺄﺘﻟﺍ ﺬﻨﻣ ﻭﺃ ﺓ \ﺧﻷﺍ ﺙﻼﺜﻟﺍ ﺔ7ﻟﺎﻤﻟﺍ ﺕﺍﻮﻨﺴﻟﺍ ﻐ ﺔﻧﺭﺎﻘﻣ ﻝﻭﺪﺟ (

ﺢﺿﻮﻳ :

ﺔﻨﺴﻟﺍ 2019

2020 2021

Year

*ﻕﻭﺪﻨﺼﻟﺍ ﻝﻮﺻﺃ ﺔﻤ*ﻗ 3 7ﺎﺻ 365,257,224

365,671,745 320,027,599

NAV*

ﺔﻤ*ﻗ 3 7ﺎﺻ

*ﺓﺪﺣﻭ ﻞﻟ ﻕﻭﺪﻨﺼﻟﺍ ﻝﻮﺻﺃ 1.09

1.06 1.02

NAV per Unit*

ﺔ*ﻧﺎﻤﺘﺋﻻﺍ ﺮﺋﺎﺴﺨﻟﺍ ﻊﻣ ﺓﺪﺣﻮﻟﺍ ﺮﻌﺳ ﺔﻌﻗﻮﺘﻤﻟﺍ 1.09 *

1.03 0.99

ECL NAV*

*ﺓﺪﺣﻭ ﺮﻌﺳ 4ﻋﺃ 1.09

1.10 1.07

Highest Price per Unit*

*ﺓﺪﺣﻭ ﺮﻌﺳ ﻞﻗﺃ 1.05

1.06 1.02

Lowest Price per Unit *

ﺕﺍﺪﺣﻮﻟﺍ ﺩﺪﻋ 336,112,703

344,907,580 313,005,355

Number of Units

ﺔﻤ*ﻗ ﺓﺪﺣﻭ ﻞﻟ ﺔﻋﺯﻮﻤﻟﺍ ﺡﺎ¢ﺭﻷﺍ N/A

0.033 0.010

Income Distribution Per Unit

ﺕﺎﻓﻭﻤﻟﺍﻭ ﻡﻮﺳﺮﻟﺍ ﺔﺴÀ 1.11%

1.21%

1.34%

Fees & Expense Ratio

ﺔﻤ*ﻗ 3Vﺎﻤﺟﺇ ﻦﻣ ﺔﺿﻘﻤﻟﺍ ﻝﻮﺻﻷﺍ ﺔﺴÀ ﺎﻬﻓﺎﺸﻜﻧﺍ ﺓﺪﻣﻭ ،ﻝﻮﺻﻷﺍ ﺦــــJﺭﺎﺗﻭ

ﺎﻬﻗﺎﻘﺤﺘﺳﺍ ﺪﺟﻭ ﻥﺇ)

(ﺕ N/A

N/A N/A

Percentage of borrowed assets from the total asset value, the period of their exposure period and due date (if any)

ﻱﺩﻮﻌﺴﻟﺍ ﻝﺎJ«ﻟﺎ%*

*In Saudi Riyal

2) A performance record that covers the following: : ﺎﻣ ﻐ ﺀﺍﺩﺃ ﻞﺠﺳ (2

a. The total return for the fund compared to the benchmark for 1 year, 3 years, 5 years and since inception:

ﺃ ﻨﺼﻠﻟ ﺎﻤﺟﻹﺍ ﺪﺋﺎﻌﻟﺍ . ،ﺓﺪﺣﺍﻭ ﺔﻨﺴﻟ xzﺆﻤﻟﺎK ﺔﻧﺭﺎﻘﻣ ﻕﻭﺪ

ﺕﺍﻮﻨﺳ ﺙﻼﺛ ﺕﺍﻮﻨﺳ ﺲﻤﺧ ،

ﺲﺳﺄﺘﻟﺍ ﺬﻨﻣﻭ :

ﺓ [ 1 Year \ﻔﻟﺍ

ﺔﻨﺳ 3 Years

3 ﺕﺍﻮﻨﺳ 5 Years

5 ﺕﺍﻮﻨﺳ Since Inception

ﺲﺳﺄﺘﻟﺍ ﺬﻨﻣ Period

ﻕﻭﺪﻨﺼﻟﺍ ﺪﺋﺎﻋ

% -1.50

0.92 1.25

1.34 Return %

ﺮــﺷﺆـﻤﻟﺍ ﺪﺋﺎﻋ

% 1.59

2.35 2.60

2.63 Benchmark %

b. The annual total return for the fund compared to the benchmark for the last 10 years/ or since inception:

ﺏ ﻱﻮﻨﺴﻟﺍ ﺎﻤﺟﻹﺍ ﺪﺋﺎﻌﻟﺍ . ﻕﻭﺪﻨﺼﻠﻟ

x

zﺆﻤﻟﺎK ﺔﻧﺭﺎﻘﻣ xﻌﻠﻟ

ﺔ7ﺿﺎﻤﻟﺍ ﺕﺍﻮﻨﺳ

:ﺲﺳﺄﺘﻟﺍ ﺬﻨﻣ ﻭﺃ

ﺔﻨﺴﻟﺍ 2012

2013 2014 2015 2016 2017 2018 2019 2020 2021 Year

ﻕﻭﺪﻨﺼﻟﺍ ﺪﺋﺎﻋ N/A %

N/A N/A N/A 1.21 1.95 1.54 3.72 0.61 -1.50 Return %

ﺮــﺷﺆـﻤﻟﺍ ﺪﺋﺎﻋ N/A %

N/A N/A N/A 1.67 2.65 3.30 3.49 1.99 1.59 Benchmark %

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ﻡ Page 4 of 12

c. Actual fees and fund expenses paid by the investment fund during the year as a percentage of average Net Asset Value:

ﺝ . ﺎﻬﻠﻤﺤﺗ ¤ﻟﺍ ﺏﺎﻌﺗﻷﺍﻭ ﺕﻻﻮﻤﻌﻟﺍﻭ ﺕﺎﻣﺪﺨﻟﺍ ﻞKﺎﻘﻣ[

ﺎﺻ ﻂﺳﻮﺘﻣ ﻦﻣ ﺔ$ﺌﻣ ﺔ¨ﺴ©ﻛ ﻡﺎﻌﻟﺍ ﺭﺍﺪﻣ ﻋ ﻕﻭﺪﻨﺼﻟﺍ :ﻕﻭﺪﻨﺼﻟﺍ ﻝﻮﺻﺃ ﺔﻤ7ﻗ ﺕﺎﻓﻭ¬ﻤﻟﺍﻭ ﻡﻮﺳﺮﻟﺍ ﺔ$ﺌﻤﻟﺍ ﺔ¨ﺴ©ﻟﺍ

% ﺃ

ﻒﻟ ﻝﺎﺭ SAR ‘000 Fees and Expenses

ﺏﺎﻌﺗﺃ ﺓﺭﺍﺩﻹﺍ 1.00%

3,574 Management Fees

4ﻋ ﺔﻓﺎﻀﻤﻟﺍ ﺔﻤ*ﻘﻟﺍ ﺔJ Å ﺏﺎﻌﺗﺃ

ﺭﺍﺩﻹﺍ ﺓ 0.15%

536 VAT on Management Fees

ﻆﻔﺤﻟﺍ ﻡﻮﺳﺭ 0.01%

47 Custodian Fees

ﺏﺎﻌﺗﺃ ﻊﺟﺍﺮﻣ ﻟﺍ ﺕﺎ%ﺎﺴﺤ 0.01%

37 Auditor Fees

ﻒJﺭﺎﺼﻣ ﺔJﺭﺍﺩﻹﺍ ﺕﺎ*ﻠﻤﻌﻟﺍ 0.16%

524 Fund Admin Expenses

ﻡﻮﺳﺭ ﺔ*ﻟﺎﻤﻟﺍ ﻕﻮﺴﻟﺍ ﺔﺌﻴﻫ 0.00%

7 CMA Fees

ﻊﻗﻮﻣ 4ﻋ ﻕﻭﺪﻨﺼﻟﺍ ﺕﺎﻣﻮﻠﻌﻣ }~À ﻡﻮﺳﺭ ﻝﻭﺍﺪﺗ

0.00%

5 Tadawul Fees

ﺔﻨﺠﻠﻟﺍ ﺕﺎﻣﺪﺧ ﺏﺎﻌﺗﺃ ﺔ*ﻋ }~ﻟﺍ

0.01%

31 Shariah Committee Fees

ﺀﺎﻀﻋﺃ ﺕÈﻓﺎÉﻣ ﻕﻭﺪﻨﺼﻟﺍ ﺓﺭﺍﺩﺇ ﺲﻠﺠﻣ

!ﻠﻘﺘﺴﻤﻟﺍ 0.00%

Independent Fund Board 12 Remunerations

ﻒﺭﺎﺼﻤﻟﺍﻭ ﻡﻮﺳﺮﻟﺍ ﻉ$ﻤﺠﻣ 1.34%

4,773 Total Fees and Expenses

3) Material Changes ﺓ [ (3

\ﻔﻟﺍ ﻝﻼﺧ ﺖﺛﺪﺣ ﺔﻫﻮﺟ ﺕﺍ \ﻐﺗ No material changes occurred during the period. .ﺓﻔﻟﺍ ﻝﻼﺧ ﺔJ«ﻫﻮﺟ ﺕﺍ ﻐﺗ ﺪﺟﻮﻳ ﻻ

4) Exercising of Voting Rights ﺔ$ﻨﺴﻟﺍ ﺖ$ﺼﺘﻟﺍ ﺕﺎﺳﺭﺎﻤﻣ (4

No voting rights were exercised during the year. .ﻡﺎﻌﻟﺍ ﻝﻼﺧ ﺖJqﺼﺗ ﺕﺎﺳﺭﺎﻤﻣ ﻱﺃ ﻢﺘﺗ ﻢﻟ

5) Fund Board Annual Report ﻱﻮﻨﺴﻟﺍ ﻕﻭﺪﻨﺼﻟﺍ ﺓﺭﺍﺩﺇ ﺲﻠﺠﻣ ﺮﻘﺗ (5

a. Names of Fund Board Members ﻕﻭﺪﻨﺼﻟﺍ ﺓﺭﺍﺩﺇ ﺲﻠﺠﻣ ﺀﺎﻀﻋﺃ ﺀﺎﻤﺳﺃ .ﺃ

x Mohammad AlSaggaf – Chairman – Non- Independent Member

x Lloyd Kawara - Non-Independent Member x Dr. Basmah Al-Tuwaijri - Independent Member x Abdulaziz Abalkhail - Independent Member

x ﺪﻤﺤﻣ ﻑﺎﻘﺴﻟﺍ - ﻕﻭﺪﻨﺼﻟﺍ ﺓﺭﺍﺩﺇ ﺲﻠﺠﻣ ﺲÍﺋﺭ -

ﻮﻀﻋ ﻏ

ﻞﻘﺘﺴﻣ x ﺍﺭﻮﻛ ﺪJqﻟ ﻞﻘﺘﺴﻣ ﻏ ﻮﻀﻋ-

x ﺮﺠJqﺘﻟﺍ ﺔﻤﺴÏ .ﺩ ﻱ

- ﻞﻘﺘﺴﻣ ﻮﻀﻋ

x ﺰJÐﻌﻟﺍﺪﻋ ﻞ*ﺨﻟﺍ ﺎ%ﺃ - ﻞﻘﺘﺴﻣ ﻮﻀﻋ b. A brief about of the fund board members'

qualifications ﻕﻭﺪﻨﺼﻟﺍ ﺓﺭﺍﺩﺇ ﺲﻠﺠﻣ ﺀﺎﻀﻋﺃ ﺕﻼﻫﺆﻣ ﻦﻋ ﺓﺬ¨ﻧ .ﺏ

Mohammad AlSaggaf: Head of Wealth Management at SNB Capital. He joined SNB Capital at its inception in 2007 and worked with SNB Group in several departments including the Investment Department, and the Branch Management. He has more than (24) years of experience in the financial sector. He has a diploma in Personal Financial Planning and Wealth Management from IOB, Dalhousie Alum, Canada.

ﻑﺎﻘﺴﻟﺍ ﺪﻤﺤﻣ .ﺔ*ﻟﺎﻤﻟﺍ 34ﻫﻷﺍ ﺔﻛ 3} 7 ﺕﺍﻭ ﻟﺍ ﺓﺭﺍﺩﺇ ﺲÍﺋﺭÑ :

ﻡﺎﻋ 3

7 ﺎﻬﺴÍﺳﺄﺗ ﺬﻨﻣ ﺔ*ﻟﺎﻤﻟﺍ 34ﻫﻷﺍ ﺔﻛ Vﺇ ﻢﻀﻧﺍ} 2007

،ﻡ

3 7 ﻞﻤﻋ ﺓﺭﺍﺩﺇ ﺎﻬﻨﻣ ﺕﺍﺭﺍﺩﺇ ﺓﺪﻋ 3

7 ﻱﺩﻮﻌﺴﻟﺍ 34ﻫﻷﺍ ﻚﻨﺒﻟﺍ ) ﻦﻣ Òﺃ ﻪﺪﻟ .ﻉﻭﺮﻔﻟﺍ ﺓﺭﺍﺩÔﻭ ﺭﺎﻤﺜﺳﻻﺍÑ

24 ﺎﻣﺎﻋ ( 3

7 ﺓ ©ﺨﻟﺍ ﻦﻣ

3Vﺎﻤﻟﺍ ﻂ*ﻄﺨﺘﻟﺍ ﻡﻮﻠ%ﺩ ﺓﺩﺎﻬﺷ 4ﻋ ﻞﺻﺎﺣ ﻮﻫﻭ . 3Vﺎﻤﻟﺍ ﻉﺎﻄﻘﻟﺍ ، 3Õﻭﺎﻬﻟﺩ ﻦﻣ 3

7ﻤﻟﺍ ﺪﻬﻌﻤﻟﺍ ﻦﻣ ﺕﺍﻭ Ñ

ﻟﺍ ﺓﺭﺍﺩÔﻭ 3Öﺨﺸﻟﺍ ﺍﺪﻨﻛ .

(6)

ﻡ Page 5 of 12

Lloyd Kawara: Chief Risk Officer at SNB Capital and he was hired as Vice President of Market Risk at SNB Capital in February 2015. Prior to that he worked at the African Development Bank where he was Principal Treasury Risk Officer, managing counterparty risk, market risk, investment and asset liability risks, and he has over (13) years of banking experience, of which (9) years were spent in senior risk management roles within the region, including as Chief Risk Officer for Bank Alkhair BSC Bahrain and Head of Risk for Bahrain Middle East Bank and Risk Management Officer with Riyad Bank. Lloyd is a CFA charter holder, a Certified Financial Risk Manager (FRM) with Global Association of Risk Professionals (USA), a Chartered Alternative Investment Analyst with CAIA (USA) and an Associate Chartered Management Accountant with CIMA (UK).

Basmah Al-Tuwaijri: Retired from academic work at King Saud University, independent researcher, member of the Financial Sector and Finance Committee in the Riyadh Chamber, a Member in the SBWA – Saudi Business Women Association (A private association), member of the supervisory board of the Think Tank Forum. Dr. Basmah worked as a faculty member in the Finance Department of the College of Business Administration in King Saudi University for more than (20); during which, she taught different courses in the topics of corporate finance, investment, portfolio management and financial markets. In addition, she held several leadership positions in academics and administration, and contributed in developing the strategic plan for King Saud University and conducting the internal studies for academic accreditation. She holds a PhD in finance from King Saud University. She has several publications in the field of corporate governance and financial markets.

Abdulaziz Abalkhail: General Director of the Internal Audit Department at Arabian Internet and Communications Services Co. (Solutions by STC). He was the Chief Audit Executive of the National Industrialization Co. “TASNEE” and serves as an independent member of the Audit Committee of the Arabian Cement Company. Prior to TASNEE, he held several managerial positions at CMA’s Continuous Disclosure Department and Market Institutions Compliance, the Industrial Development Fund, and the Arab Petroleum Investment Company. Eng.

Abdulaziz has joined specialized programs in recognized international institutions such as U.S.

Securities and Exchange Commission, the Financial Industry Regulatory Authority and Chase Manhattan

ﺍﺭﻮﻛ ﺪ$ﻟ : ﻢﺗﻭ ﺮﻃﺎﺨﻤﻟﺍ ﺓﺭﺍﺩﺇ ﺲÍﺋﺭ ﺲÍﺋﺭ ﺐﺋﺎﻧ ﺐﺼﻨﻤ% ﻪﻨÛﻴﻌﺗ

ﺮﻳﺍ ©ﻓ 3

7 ﺔ*ﻟﺎﻤﻟﺍ 34ﻫﻷﺍ ﺔﻛ~Ï ﻕﻮﺴﻟﺍ ﺮﻃﺎﺨﻣ ﺓﺭﺍﺩﺇ} 2015

.ﻡ

ﺓﺭﺍﺩﺇ ﻝﻭﺆﺴﻣ ﺔﻔ*ﻇﻮﺑ ﺔ*ﻤﻨﺘﻠﻟ 3

ÝJ«ﻓﻹﺍ ﻚﻨﺒﻟﺍ 37 ﻚﻟﺫ ﻞﻗ ﻞﻤﻋﻭ ﻕﻮﺴﻟﺍﻭ ﻐﻟﺍ ﺮﻃﺎﺨﻣ ﺓﺭﺍﺩÔﻭ ﻡﺎﻬﻣ Vﻮﺗ ﺚ*ﺣ ،ﺔ*ﻟﺎﻤﻟﺍ ﺮﻃﺎﺨﻤﻟﺍ ) ﻦﻣ Òﺃ ﻪﺪﻟﻭ ،ﺕﺎ¢qﻠﻄﻤﻟﺍﻭ ﺕﺍﺩﻮﺟﻮﻤﻟﺍﻭ ﺭﺎﻤﺜﺳﻻﺍﻭÑ 13

ﺔﻨﺳ (

ﺍ ﻦﻣ ) Öﻣﺃ ﺔ*ﻓﻤﻟﺍ ﺓ © ﺨﻟ ﺓﺭﺍﺩﺇ 3 9

7 ﺎ*ﻠﻋ ﺭﺍﻭﺩﺃ 37 ﺎﻬﻨﻣ ( ، ﺨﻟﺍ ﻚﻨﺑ 3

7 ﺮﻃﺎﺨﻤﻟﺍ ﺓﺭﺍﺩﺇ ﺲÍﺋﺭ ﺎﻬﻨﻣﻭ ،ﺔﻘﻄﻨﻤﻟﺍ 3 7 ﺮﻃﺎﺨﻤﻟﺍ ﻕ }~ﻟﺍﻭ ﻦJ«ﺤﻟﺍ ﻚﻨﺑ 3

7 ﺮﻃﺎﺨﻤﻟﺍ ﺓﺭﺍﺩﺇ ﺲÍﺋﺭﻭ ،ﻦJ«ﺤﻟﺍ ﺽﺎJ«ﻟﺍ ﻚﻨﺑ 37 ﺮﻃﺎﺨﻤﻟﺍ ﺓﺭﺍﺩﺇ ﻝﻭﺆﺴﻣﻭ ،ﻂﺳﻭﻷﺍ .

ﺪJqﻟ ﻞﻤﺤ

ﺪﻤﺘﻌﻣ 3Vﺎﻣ ﻞﻠﺤﻣ ﺕﺍﺩﺎﻬﺷ (CFA)

ﺮﻃﺎﺨﻣ ﺮﻳﺪﻣ ، ﺪﻤﺘﻌﻣ ﺔ*ﻟﺎﻣ

(FRM) ﺮﻃﺎﺨﻤﻟﺍ ﺓﺭﺍﺩﺇ 3

7ﺤﻤﻟ ﺔ*ﻤﻟﺎﻌﻟﺍ ﺔﻄ%ﺍﺮﻟﺍ ﺔﻟﺎﻣﺯ ، ،ﺪﻤﺘﻌﻣ ﺔﻠﺪ% ﺕﺍﺭﺎﻤﺜﺳﺍ ﻞﻠﺤﻣ ،(ﺔ*ﻜJ«ﻣﻷﺍ ﺓﺪﺤﺘﻤﻟﺍ ﺕﺎﻻﻮﻟﺍ) ﻦﻣ ﺪﻤﺘﻌﻣ ﻱﺭﺍﺩﺇ ﺐﺳﺎﺤﻣ ﻞ*ﻣﺯﻭ ،(ﺔ*ﻜJ«ﻣﻷﺍ ﺓﺪﺤﺘﻤﻟﺍ ﺕﺎﻻﻮﻟﺍ)

!ﻴﻧﻮﻧﺎﻘﻟﺍ !Jﺭﺍﺩﻹﺍ !ﺒﺳﺎﺤﻤﻟﺍ ﺪﻬﻌﻣ (CIMA) (

ﺔßﻠﻤﻤﻟﺍ

ﺓﺪﺤﺘﻤﻟﺍ . ﻱﺮﺠ$ﺘﻟﺍ ﺔﻤﺴ·

ﻚﻠﻤﻟﺍ ﺔﻌﻣﺎﺟ 3 :

7 3àﺩﺎáﻷﺍ ﻞﻤﻌﻟﺍ ﻦﻣ ﺓﺪﻋﺎﻘﺘﻣ 3

7 ﻞJqﻤﺘﻟﺍﻭ 3Vﺎﻤﻟﺍ ﻉﺎﻄﻘﻟﺍ ﺔﻨﺠﻟ ﻮﻀﻋ ،ﺔﻠﻘﺘﺴﻣ ﺔﺜﺣﺎ% ،ﺩﻮﻌﺳ ﺕﺍﺪ*ﺴﻟ ﺔﺩﻮﻌﺴﻟﺍ ﺔ*ﻌﻤﺠﻟﺍ ﺓﺭﺍﺩﺇ ﺲﻠﺠﻣ ﻮﻀﻋ ،ﺽﺎJ«ﻟﺍ ﺔﻓﺮﻏ ﺔﺌﻴﻬﻟﺍ ﻮﻀﻋ ،(ﺔ*ﻠﻫﺃ ﺔ*ﻌﻤﺟ) ﺔ*ﺋﺎﺴﻟﺍ ﺕÈﺸﻤﻟﺍ !ﻜﻤﺗﻭ ﻝﺎﻤﻋﻷﺍ ) ﺭﺎﺳﺃ Ýﺘﻠﻤ% ﺔ*ﻓﺍ } ﻹﺍ Think Tank

ﻮﺘﻛﺪﻟﺍ ﺖﻠﻤﻋ .(

ﺔﻤﺴÏ ﺓﺭ

ﺔﻌﻣﺎﺠ% ،ﻝﺎﻤﻋﻷﺍ ﺓﺭﺍﺩﺇ ﺔ*ﻠÉ% ﺔ*ﻟﺎﻤﻟﺍ ﻢﺴﻗ 3

7 ﺲâﺭﺪﺗ ﺔﺌﻴﻫ ﻮﻀﻌﻛ ﻦﻣ Òﻷ ﺩﻮﻌﺳ ﻚﻠﻤﻟﺍÑ )

20 ( ﺪﺪﻌﻟﺍ ﺲâﺭﺪﺘﺑ ﺎﻬﻟﻼﺧ ﺖﻣﺎﻗ ،

ﺎﻣﺎﻋ

ﻆﻓﺎﺤﻤﻟﺍ ﺓﺭﺍﺩﺇ ،ﺭﺎﻤﺜﺳﻻﺍ ،ﺕﺎ }~ﻟﺍ ﺔ*ﻟﺎﻣ 37 ﺩﺍﻮﻤﻟﺍ ﻦﻣ ﺪﺪﻌﻟﺍ ﺕﺪﻠﻘﺗ ،ﻚﻟﺫ Vﺇ ﺔﻓﺎﺿﺇ .ﺔ*ﻟﺎﻤﻟﺍ ﻕﺍﻮﺳﻷﺍﻭ ﺔJﺭﺎﻤﺜﺳﻻﺍ ﺔﺩﺎ*ﻘﻟﺍ ﺐﺻﺎﻨﻤﻟﺍ ﻦﻣ ﻊﺿﻭ 37 ﺖﻛﺭﺎﺷﻭ ،ﺔJﺭﺍﺩﻹﺍﻭ ﺔ*ﻤﺩﺎáﻷﺍ

ﺩﺎﻤﺘﻋﻼﻟ ﺔ*ﺗﺍﺬﻟﺍ ﺕﺎﺳﺍﺭﺪﻟﺍ ﺩﺍﺪﻋÔﻭ ﺔﻌﻣﺎﺠﻠﻟ ﺔ*ﺠ*ﺗﺍﺳﻻﺍ ﺔﻄﺨﻟﺍ ﺔﻌﻣﺎﺟ ﻦﻣ ﺔ*ﻟﺎﻤﻟﺍ 3

7 ﻩﺍﺭﻮﺘﻛﺪﻟﺍ ﺔﺟﺭﺩ 4ﻋ ﺖﻠﺼﺣ . 3àﺩﺎáﻷﺍ ﺔﻤﻮﺣ ﻝﺎﺠﻣ 37 ﺓﺭﻮﺸﻣ ﺙﺎﺤ%ﺃ ﺓﺪﻋ ﺎﻬﻳﺪﻟ .ﺩﻮﻌﺳ ﻚﻠﻤﻟﺍ ﺔ*ﻟﺎﻤﻟﺍ ﻕﺍﻮﺳﻷﺍﻭ ﺕﺎ }~ﻟﺍ .

ﻞ7ﺨﻟﺍ ﺎKﺃ ﺰ¸ﻌﻟﺍﺪ¨ﻋ :

ﺎﻋ ﺮﻳﺪﻣ ﺔﻛ }~ﻟﺍ 3

7 ﺔ*ﻠﺧﺍﺪﻟﺍ ﺔﻌﺟﺍﺮﻤﻟﺍ ﻡ

ﺔﻌﺟﺍﺮﻤﻟﺍ ﺮﻳﺪﻤ ﻞﻤﻋ .ﺕﻻﺎﺼﺗﻻﺍﻭ ﺖﻧﻧﻹﺍ ﺕﺎﻣﺪﺨﻟ ﺔ*¢«ﻌﻟﺍ ﻮﻀﻋ ﻪﻧﻮﻛ Vﺇ ﺔﻓﺎﺿﻹﺎ% ،ﺔ*ﻨﻃﻮﻟﺍ ﻊﻴﺼﺘﻟﺍ ﺔﻛ } 3

7 ﺔ*ﻠﺧﺍﺪﻟﺍ ﻞﻤﻋ .ﺔ*¢«ﻌﻟﺍ ﺖﻨﻤﺳﺃ ﺔﻛ }~Ï ﺔﺻﺎﺨﻟﺍ ﺔﻌﺟﺍﺮﻤﻟﺍ ﺔﻨﺠﻟ 3

7 ﻞﻘﺘﺴﻣ 3

7 ﺔJﺭﺍﺩﺇ ﺐﺻﺎﻨﻣ ﺓﺪﻋ

ﺍﺪﻠﻘﺘﻣ ﺔ*ﻟﺎﻤﻟﺍ ﻕﻮﺴﻟﺍ ﺔﺌﻴﻫ 3 7 ﻚﻟﺫ ﻞﻗ

ﺩﺇ ﻕﻮﺴﻟﺍ ﺕﺎﺴﺳﺆﻣ 4ﻋ ﻑﺍ }ﻹﺍ ﺓﺭﺍﺩÔﻭ ،ﺮﻤﺘﺴﻤﻟﺍ ﺡﺎﺼﻓﻹﺍ ﺓﺭﺍ ﺔ*¢«ﻌﻟﺍ ﺔﻛ }~ﻟﺍﻭ ﺔ*ﻋﺎﻨﺼﻟﺍ ﺔ*ﻤﻨﺘﻟﺍ ﻕﻭﺪﻨﺻ 3

7 ﻞﻤﻋ ﺎﻤ ،ﺔ*ﻟﺎﻤﻟﺍ ﺞﻣﺍﺮﺑ 3

7 ﺰJÐﻌﻟﺍ ﺪﻋ ﺱﺪﻨﻬﻤﻟﺍ ﻖﺤﺘﻟﺍ .ﺔ*ﻟﻭﺒﻟﺍ ﺕﺍﺭﺎﻤﺜﺳﻼﻟ ﻕﺍﺭﻭﻷﺍ ﺔﺌﻴﻫ ﻞﺜﻣ ﺔﻗﻮﻣﺮﻣ ﺔ*ﻤﻟﺎﻋ ﺕﺎﺴﺳﺆﻣ 3

7 ﺔﺼﺼﺨﺘﻣ ﺔﻋﺎﻨﺼﻟﺍ ﻢ*ﻈﻨﺗ ﺔﺌﻴﻫﻭ ،ﺔ*ﻜJ«ﻣﻷﺍ ﺔ*ﻟﺎﻤﻟﺍ ﺲÍﺸ ﻚﻨ¢ﻭ ،ﺔ*ﻟﺎﻤﻟﺍ

) ﻦﻣ Òﺃ ﻪﺪﻟ .ﻦﺗﺎﻬﻧﺎﻣÑ ﺕﺎﺴﺳﺆﻤﻟﺍ 3 20

7 ﺓ ©ﺨﻟﺍ ﻦﻣ ﺎﻣﺎﻋ ( ﻦﻣ ﻝﺎﻤﻋﻷﺍ ﺓﺭﺍﺩﺇ 3

7 ﺘﺴﺟﺎﻤﻟﺍ 4ﻋ ﻞﺼﺣ ،ﺔ*ﻟﺎﻤﻟﺍ ﻕﺍﻮﺳﻷﺍﻭ ﺎ*ﻧﺎﻄJ«ﺑ 37 ﻡﺎﻬﻐﻨﺗﻮﻧ ﺔﻌﻣﺎﺟ .

(7)

ﻡ Page 6 of 12

Bank. He has more than (20) years of experience in financial institutions and markets. He holds an MBA from University of Nottingham in Britain.

c. Roles and responsibilities of the Fund Board ﻪﺗﺎ7ﻟﻭﺆﺴﻣﻭ ﻕﻭﺪﻨﺼﻟﺍ ﺓﺭﺍﺩﺇ ﺲﻠﺠﻣ ﺭﺍﻭﺩﺃ .ﺝ The responsibilities of the members of the fund

board shall include the following:

1. Approving material contracts, decisions and reports involving the fund.

2. Approve a written policy in regards to the voting rights related to the fund assets.

3. Overseeing and, where appropriate, approving or ratifying any conflicts of interest the fund manager has identified.

4. Meeting at least twice annually with the fund manager’s compliance committee or its compliance officer to review the fund manager’s compliance with all applicable rules, laws and regulations.

5. Approving all changes stipulated in Articles (62) and (63) of the Investment Funds Regulations

“IFRs” before the fund manager obtains the approval or notification of the unitholders and the Authority (as applicable).

6. Confirming the completeness and accuracy (complete, clear, accurate, and not misleading), and compliance with the IFRs, of the Terms and Conditions and of any other document, contractual or otherwise.

7. Ensuring that the fund manager carries out its obligations in the best interests of the unitholders, in accordance with the IFRs and the Fund’s Terms and Conditions.

8. Reviewing the report that includes assessment of the performance and quality of services provided by the parties involved in providing significant services to the fund referred to in Paragraph (l) of Article (9) of IFRs, in order to ensure that the fund manager fulfils his responsibilities in the interest of unitholders in accordance with the Fund’s Terms and Conditions and the provisions stipulated in IFRs.

9. Assessing the mechanism of the fund manager’s handling of the risks related to the fund’s assets in accordance with the fund manager’s policies and procedures that detect the fund’s risks and how to treat such risks.

10. Have a fiduciary duty to unitholders, including a duty to act in good faith, a duty to act in the best interests of the unitholders and a duty to exercise all reasonable care and skill.

ﺳ 4ﻋ ،ﻕﻭﺪﻨﺼﻟﺍ ﺓﺭﺍﺩﺇ ﺲﻠﺠﻣ ﺀﺎﻀﻋﺃ ﺕﺎ*ﻟﻭﺆﺴﻣ ﻞﻤﺸ

ﻞ*

3

ﻵﺍ ،ﺤﻟﺍ ﻻ ﻝﺎﺜﻤﻟﺍ :

1 3ﻟﺍ ﺔJ«ﻫﻮﺠﻟﺍ ﺮJﺭﺎﻘﺘﻟﺍﻭ ﺕﺍﺭﺍﺮﻘﻟﺍﻭ ﺩﻮﻘﻌﻟﺍ ﻊﻴﻤﺟ 4ﻋ ﺔﻘﻓﺍﻮﻤﻟﺍ .

ﺎﻬﻴﻓ

ﺎﻓﺮﻃ ﻕﻭﺪﻨﺼﻟﺍ ﻥﻮﻜ

.

2 . ﺖJqﺼﺘﻟﺍ ﻕﻮﻘﺤ% ﻖﻠﻌﺘﻳ ﺎﻤ*ﻓ ﺔ¢qﺘﻜﻣ ﺔﺳﺎ*ﺳ ﺩﺎﻤﺘﻋﺍ

ﻕﻭﺪﻨﺼﻟﺍ ﻝﻮﺻﺄ% ﺔﻘﻠﻌﺘﻤﻟﺍ .

3 . 4ﻋ ﺔﻗﺩﺎﺼﻤﻟﺍ ﻭﺃ ﺔﻘﻓﺍﻮﻤﻟﺍ ،

ﺎﺳﺎﻨﻣ ﻚﻟﺫ ﻥﺎ ﻣﻭ ،ﻑﺍ }ﻹﺍ ﺢﺼﻔ ﺢﻟﺎﺼﻣ ﺽﺭﺎﻌﺗ ﻱﺃ ﺔﺤﺋﻼﻟ

ﺎﻘﻓﻭ ﻕﻭﺪﻨﺼﻟﺍ ﺮﻳﺪﻣ ﻪﻨﻋ

ﺭﺎﻤﺜﺳﻻﺍ ﻖﻳﺩﺎﻨﺻ .

4 . ﻡﺍ ﻟﻻﺍﻭ ﺔﻘ%ﺎﻄﻤﻟﺍ ﺔﻨﺠﻟ ﻊﻣ ﻞﻗﻷﺍ 4ﻋ

ﺎJqﻨﺳ !ﺗﺮﻣ ﻉﺎﻤﺘﺟﻻﺍ ،ﻪﺪﻟ ﻡﺍ ﻟﻻﺍﻭ ﺔﻘ%ﺎﻄﻤﻟﺍ ﻝﻭﺆﺴﻣ ﻭﺃ ﻕﻭﺪﻨﺼﻟﺍ ﺮﻳﺪﻣ ﻯﺪﻟ ﺔﻤﻈﻧﻷﺍﻭ ﺢﺋﺍﻮﻠﻟﺍ ﻊﻴﻤﺠ% ﻕﻭﺪﻨﺼﻟﺍ ﺮﻳﺪﻣ ﻡﺍ ﻟﺍ ﻦﻣ ﺪÒﺄﺘﻠﻟ ﺔﻌﺘﻤﻟﺍ .

5 ﺹﻮﺼﻨﻤﻟﺍ ﺕﺍ ﻴﻐﺘﻟﺍ ﻊﻴﻤﺟ 4ﻋ ﺔﻘﻓﺍﻮﻤﻟﺍ . !ﺗﺩﺎﻤﻟﺍ 3

7 ﺎﻬﻴﻠﻋ

) 62 ) ﻭ ( 63 ﻝﻮﺼﺣ ﻞﻗ ﻚﻟﺫﻭ ﺭﺎﻤﺜﺳﻻﺍ ﻖﻳﺩﺎﻨﺻ ﺔﺤﺋﻻ ﻦﻣ (

ﻭﺃ ﺔﺌﻴﻬﻟﺍﻭ ﺕﺍﺪﺣﻮﻟﺍ 3^ﻟﺎﻣ ﺔﻘﻓﺍﻮﻣ 4ﻋ ﻕﻭﺪﻨﺼﻟﺍ ﺮﻳﺪﻣ (ﻖﺒﻄﻨﻳ ﺎﻤﺜﻴﺣ) ﻢﻫﺭﺎﻌﺷﺇ .

6 . ﻝﺎﻤﺘÒﺍ ﻦﻣ ﺪÒﺄﺘﻟﺍ ﻣ ﻱﺃﻭ ﻕﻭﺪﻨﺼﻟﺍ ﻡﺎÉﺣﺃﻭ ﻁﻭ } ﺔﻗﺩﻭ

ﺪﻨﺴ

ﻖﻠﻌﺘﺗ ﺕﺎﺣﺎﺼﻓﺇ ﻦﻤﻀﺘﻳ (ﻩ ﻏ ﻡﺃ

ﺍﺪﻘﻋ ﻥﺎáﺃ ﺀﺍﻮﺳ) ﺮﺧﺁ ﻣﻭ ﻕﻭﺪﻨﺼﻟﺎ%

Vﺇ ً

ﺔﻓﺎﺿﺇ ،ﻕﻭﺪﻨﺼﻠﻟ ﻪﺗﺭﺍﺩÔﻭ ﻕﻭﺪﻨﺼﻟﺍ ﺮﻳﺪ

ﺭﺎﻤﺜﺳﻻﺍ ﻖﻳﺩﺎﻨﺻ ﺔﺤﺋﻻ ﻡﺎÉﺣﺃ ﻊﻣ ﻖﺒﺳ ﺎﻣ ﻖﻓﺍﻮﺗ ﻦﻣ ﺪÒﺄﺘﻟﺍ .

7 . ﻖﻘﺤ ﺎﻤ% ﻪﺗﺎ*ﻟﻭﺆﺴﻤ% ﻕﻭﺪﻨﺼﻟﺍ ﺮﻳﺪﻣ ﻡﺎ*ﻗ ﻦﻣ ﺪÒﺄﺘﻟﺍ ،ﻕﻭﺪﻨﺼﻟﺍ ﻡﺎÉﺣﺃﻭ ﻁﻭ }~ﻟ

ﺎﻘﻓﻭ ﺕﺍﺪﺣﻮﻟﺍ 3^ﻟﺎﻣ ﺔﺤﻠﺼﻣ ﺭﺎﻤﺜﺳﻻﺍ ﻖﻳﺩﺎﻨﺻ ﺔﺤﺋﻻ ﻡﺎÉﺣﺃﻭ .

8 . ﻢ*ﻴﻘﺗ ﻦﻤﻀﺘﻤﻟﺍ ﺮJ«ﻘﺘﻟﺍ 4ﻋ ﻉﻼﻃﻻﺍ ﺕﺎﻣﺪﺨﻟﺍ ﺓﺩﻮﺟﻭ ﺀﺍﺩﺃ

ﺔJ«ﻫﻮﺠﻟﺍ ﺕﺎﻣﺪﺨﻟﺍ ﻢﺪﻘﺘﺑ ﺔ*ﻨﻌﻤﻟﺍ ﻑﺍﺮﻃﻷﺍ ﻦﻣ ﺔﻣﺪﻘﻤﻟﺍ ) ﺓﺩﺎﻤﻟﺍ ﻦﻣ (ﻝ) ﺓﺮﻘﻔﻟﺍ 3

7 ﻪ*ﻟﺇ ﺭﺎﺸﻤﻟﺍ ﻕﻭﺪﻨﺼﻠﻟ 9

ﺔﺤﺋﻻ ﻦﻣ (

ﻕﻭﺪﻨﺼﻟﺍ ﺮﻳﺪﻣ ﻡﺎ*ﻗ ﻦﻣ ﺪÒﺄﺘﻠﻟ ﻚﻟﺫﻭ ؛ﺭﺎﻤﺜﺳﻻﺍ ﻖﻳﺩﺎﻨﺻ ﻁﻭ }~ﻟ

ﺎﻘﻓﻭ ﺕﺍﺪﺣﻮﻟﺍ ﻚﻟﺎﻣ ﺔﺤﻠﺼﻣ ﻖﻘﺤ ﺎﻤ% ﻪﺗﺎ*ﻟﻭﺆﺴﻤ%

37 ﺩﺭﻭ ﺎﻣﻭ ﻕﻭﺪﻨﺼﻟﺍ ﻡﺎÉﺣﺃﻭ ﺭﺎﻤﺜﺳﻻﺍ ﻖﻳﺩﺎﻨﺻ ﺔﺤﺋﻻ

.

9 . ﺔﻘﻠﻌﺘﻤﻟﺍ ﺮﻃﺎﺨﻤﻟﺍ ﻊﻣ ﻕﻭﺪﻨﺼﻟﺍ ﺮﻳﺪﻣ ﻞﻣﺎﻌﺗ ﺔ*ﻟﺁ ﻢ*ﻴﻘﺗ ﻕﻭﺪﻨﺼﻟﺍ ﺮﻳﺪﻣ ﺕﺍﺀﺍﺮﺟÔﻭ ﺕﺎﺳﺎ*ﺴﻟ

ﺎﻘﻓﻭ ﻕﻭﺪﻨﺼﻟﺍ ﻝﻮﺻﺄ%

ﻞﻣﺎﻌﺘﻟﺍ ﺔ*ﻔ*ﻛﻭ ﻕﻭﺪﻨﺼﻟﺎ% ﺔﻘﻠﻌﺘﻤﻟﺍ ﺮﻃﺎﺨﻤﻟﺍ ﺪﺻﺭ ﻝﺎ*ﺣ ﺎﻬﻌﻣ .

10 . ﺎﻤ¢ﻭ ﺹﺮﺣﻭ ﺔﺎﻨﻋﻭ ﺓﺭﺎﻬﻣﻭ ﻡﺎﻤﺘﻫﺍﻭ ﺔ*ﻧ ﻦﺴﺣﻭ ﺔﻧﺎﻣﺄ% ﻞﻤﻌﻟﺍ

ﺪﺣﻮﻟﺍ 3^ﻟﺎﻣ ﺔﺤﻠﺼﻣ ﻖﻘﺤ

ﺕﺍ .

11 ﻞﻗ ﻦﻣ ﻪﺤ*ﺷﺮﺗ ﺪﻌ% ﺕﺎ%ﺎﺴﺤﻟﺍ ﻊﺟﺍﺮﻣ !ﻴﻌﺗ 4ﻋ ﺔﻘﻓﺍﻮﻤﻟﺍ .

ﻕﻭﺪﻨﺼﻟﺍ ﺮﻳﺪﻣ .

12 ﻊﺋﺎﻗﻭ ﻊﻴﻤﺟ 4ﻋ ﻞﻤﺘﺸ 3ﻟﺍ ﺕﺎﻋﺎﻤﺘﺟﻻﺍ Åﺎﺤﻣ ﻦJﻭﺪﺗ .

ﻕﻭﺪﻨﺼﻟﺍ ﺓﺭﺍﺩﺇ ﺲﻠﺠﻣ ﺎﻫﺬﺨﺗﺍ 3ﻟﺍ ﺕﺍﺭﺍﺮﻘﻟﺍﻭ ﺕﺎﻋﺎﻤﺘﺟﻻﺍ .

13 . ﺕﺍﺀﺍﺮﺟﻹﺍﻭ ﻯﻭﺎÉﺸﻟﺍ ﻊﻴﻤﺟ ﻦﻤﻀﺘﻤﻟﺍ ﺮJ«ﻘﺘﻟﺍ 4ﻋ ﻉﻼﻃﻻﺍ

ﻟﺍ 37 ﻪ*ﻟﺇ ﺭﺎﺸﻤﻟﺍ ﺎﻬﻟﺎ*ﺣ ﺓﺬﺨﺘﻤﻟﺍ ) ﺓﺩﺎﻤﻟﺍ ﻦﻣ (ﻡ) ﺓﺮﻘﻔ

9 ﻦﻣ (

ﺮﻳﺪﻣ ﻡﺎ*ﻗ ﻦﻣ ﺪÒﺄﺘﻠﻟ ﻚﻟﺫﻭ ؛ﺭﺎﻤﺜﺳﻻﺍ ﻖﻳﺩﺎﻨﺻ ﺔﺤﺋﻻ ﺕﺍﺪﺣﻮﻟﺍ 3^ﻟﺎﻣ ﺔﺤﻠﺼﻣ ﻖﻘﺤ ﺎﻤ% ﻪﺗﺎ*ﻟﻭﺆﺴﻤ% ﻕﻭﺪﻨﺼﻟﺍ ﻖﻳﺩﺎﻨﺻ ﺔﺤﺋﻻ 37 ﺩﺭﻭ ﺎﻣﻭ ﻕﻭﺪﻨﺼﻟﺍ ﻡﺎÉﺣﺃﻭ ﻁﻭ } ~ﻟ

ﺎﻘﻓﻭ .ﺭﺎﻤﺜﺳﻻﺍ

(8)

ﻡ Page 7 of 12

11. Approving the appointment of the external Auditor nominated by the Fund Manager.

12. Taking minutes of meetings that provide all deliberations and facts of the meetings and the decisions taken by the fund’s board of director.

13. Review the report containing all complaints and the measures taken regarding them referred to in Paragraph (m) of Article (9) of IFRs, in order to ensure that the fund manager carries out his responsibilities in a way that serves the interest of unitholders in accordance with the Fund’s Terms and Conditions and what contained in this Regulation.

d. Remuneration of fund board members ﻕﻭﺪﻨﺼﻟﺍ ﺓﺭﺍﺩﺇ ﺲﻠﺠﻣ ﺀﺎﻀﻋﺃ ﺕ¹ﻓﺎºﻣ .ﺩ

Each Independent Board Member shall receive SAR (2,000) for every meeting the member attends, and a minimum of two meetings shall be held per year.

) ﻎﻠﻣ ﻞﻘﺘﺴﻣ ﻮﻀﻋ ﻞ ðﺎﻘﺘﻳ 2,000

( ﻝﺎJﺭ ﻉﺎﻤﺘﺟﺍ ﻞ ﻦﻋ

ﻩﺭﻮﻀﺤ% ﺪﻘﻌ

، . ﺩﺃ ﺪﺤ%

ﺎJqﻨﺳ !ﻋﺎﻤﺘﺟﺍ ﺪﻘﻋ ﻢﺘJﻭ

e. A statement of any conflict or potential conflict of interest between the interests of a fund board member and the interests of the fund

ه ﻕﻭﺪﻨﺼﻟﺍ ﺓﺭﺍﺩﺇ ﺲﻠﺠﻣ ﻮﻀﻋ ﺢﻟﺎﺼﻣ ¼ﺑ ﺢﻟﺎﺼﻤﻟﺍ ﺽﺭﺎﻌﺗ .

ﻕﻭﺪﻨﺼﻟﺍ ﺢﻟﺎﺼﻣﻭ Members of the Fund Board may be members of

other funds that may seek investment objectives similar to those of the Fund. Therefore, in the exercise of its business, a member of the Fund Board may find himself in a situation of potential conflict of duties or interests with one or more funds. However, in such cases, the member shall take into account his obligations to act in the best interests of the Unitholders to the maximum practicable extent and not to overlook his obligations to his other clients when he considers any investment that may involve a potential conflict of interest, and in situations requiring voting, that Member shall refrain from doing so. To the date of issuing the Terms and Conditions, there is no significant business or other interest to the members of the Fund Board, which is likely to conflict with the interests of the Fund.

!ﺣ ﻦﻣ ﺀﺎﻀﻋﺃ ﺍﻮﻧﻮﻜ ﻥﺃ ﻕﻭﺪﻨﺼﻟﺍ ﺓﺭﺍﺩﺇ ﺲﻠﺠﻣ ﺀﺎﻀﻋﻷ ﺯﻮﺠ

ﻚﻠﺘﻟ ﺔﻠﺛﺎﻤﻣ ﺔJﺭﺎﻤﺜﺳﺍ

ﺎﻓﺍﺪﻫﺃ ﺪﺸﺗ ﺪﻗ ﻯﺮﺧﺃ ﻖﻳﺩﺎﻨﺼﻟ ﺮﺧﻵ ﺪﺠ ﻥﺃ ﻦﻜﻤﻤﻟﺍ ﻦﻤﻓ ،ﻚﻟﺬﻟﻭ .ﻕﻭﺪﻨﺼﻟﺎ% ﺔﺻﺎﺨﻟﺍ ﺀﺎﻀﻋﺃ ﺪﺣﺃ

3

7 ﻪﻧﺃ ،ﻪﻟﺎﻤﻋﻷ ﻪﺘﺳﺭﺎﻤﻣ ﻕﺎﻄﻧ 3

7 ،ﻕﻭﺪﻨﺼﻟﺍ ﺓﺭﺍﺩﺇ ﺲﻠﺠﻣ ﻊﻣ ﺢﻟﺎﺼﻤﻟﺍ ﻭﺃ ﺕﺎﺟﺍﻮﻟﺍ 37 ﻞﻤﺘﺤﻣ ﺽﺭﺎﻌﺗ 4ﻋ ﻱﻮﻄﻨﻳ ﻒﻗﻮﻣ ﺕﻻﺎﺤﻟﺍ ﻚﻠﺗ 3Ýﻓ ،ﻝﺎﺣ ﻱﺃ 4ﻋﻭ .ﻖﻳﺩﺎﻨﺼﻟﺍ ﻦﻣ Òﺃ ﻭﺃ ﺪﺣﺍﻭÑ ﻖﻘﺤ ﺎﻤ% ﻑﺘﻟﺎ% ﻪﺗﺎﻣﺍ

ﻟﺍ ﺓﺭﺍﺩﻹﺍ ﺲﻠﺠﻣ ﻮﻀﻋ 3òﺍﺮﻳ ﻑﻮﺳ !ﻴﻨﻌﻤﻟﺍ ﺕﺍﺪﺣﻮﻟﺍ 3^ﻟﺎﻣ ﺢﻟﺎﺼﻣ Öﻗﺃ ﺔﻨﻜﻤﻣ ﺔﺟﺭﺩ Öﻗﺃ Vﺇ

ﻉﻼﻃﻻﺍ ﺪﻨﻋ ﻦJ«ﺧﻵﺍ ﻪﺋﻼﻤﻋ ﻩﺎﺠﺗ ﻪﺗﺎﻣﺍ ﻟﺍ ﻝﺎﻔﻏﺇ ﻡﺪﻋﻭ ، ﺎ*ﻠﻤﻋ 3

7ﻭ ،ﺢﻟﺎﺼﻤﻟﺍ 3

7 ﻞﻤﺘﺤﻣ ﺽﺭﺎﻌﺗ 4ﻋ ﻱﻮﻄﻨﻳ ﺪﻗ ﺭﺎﻤﺜﺳﺍ ﻱﺄ%

ﻦﻋ ﻮﻀﻌﻟﺍ ﻚﻟﺫ ﻊﻨﺘﻤ ﻑﻮﺳ ﺖJqﺼﺘﻟﺍ ﺐﻠﻄﺘﺗ 3ﻟﺍ ﺕﻻﺎﺤﻟﺍ ﻱﺃ ﺪﺟﻮﻳ ﻻ ،ﻡﺎÉﺣﻷﺍﻭ ﻁﻭ }~ﻟﺍ ﺩﺍﺪﻋﺇ ﺦــــJﺭﺎﺗ Vﺇ ﻪﻧﺃ

ﺎﻤﻠﻋ .ﻚﻟﺫ ﻭﺃ ﻞﻤﻋ ﻁﺎﺸÀ ﺓﺭﺍﺩﺇ ﺲﻠﺠﻣ ﺀﺎﻀﻋﻷ ﺔﻤﻬﻣ ﻯﺮﺧﺃ ﺔﺤﻠﺼﻣ

ﻊﻣ ﺎﻬﺿﺭﺎﻌﺗ ﻞﻤﺘﺤ ﻕﻭﺪﻨﺼﻟﺍ ﺓﺭﺍﺩﺇ ﺲﻠﺠﻣ ﺀﺎﻀﻋﺃ ﻭﺃ ﻕﻭﺪﻨﺼﻟﺍُ .ﻕﻭﺪﻨﺼﻟﺍ ﺢﻟﺎﺼﻣ

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ﻡ Page 8 of 12

f. A statement showing all the funds boards that the relevant board member is participating in

ﻭ ﺎﻬﻴﻓ ﻙﺭﺎﺸÂ ¤ﻟﺍ ﻖﻳﺩﺎﻨﺼﻟﺍ ﺓﺭﺍﺩﺇ ﺲﻟﺎﺠﻣ ﻊﻴﻤﺟ ﺢﺿﻮﻳ ﻝﻭﺪﺟ[ .

ﻮﻀﻋ ﻕﻭﺪﻨﺼﻟﺍ ﺲﻠﺠﻣ

ﻮﻀﻌﻟﺍ ﻕﻭﺪﻨﺼﻟﺍ ﻢﺳﺍ ﻑﺎﻘﺴﻟﺍ ﺪﻤﺤﻣ

Mohammad AlSaggaf ﺪ$ﻟ

ﺍﺭﻮﻛ Lloyd Kawara ﺔﻤﺴ· .ﺩ

ﻱﺮﺠ$ﺘﻟﺍ Dr. Basmah Al-Tuwaijri ﺰ¸ﻌﻟﺍﺪ¨ﻋ

ﻞ7ﺨﻟﺍ ﺎKﺃ Abdulaziz Abalkhail Fund’s/ Member’s Name

ﻝﺎـــJ«ﻟﺎـــ% ﺓﺮﺟﺎـــﺘﻤﻠﻟ 34ﻫﻷﺍ ﻕﻭﺪـــﻨـــــــــــــــﺻ ﻱﺩﻮﻌﺴﻟﺍ

✓

✓ SNB Capital Saudi Riyal ✓

Trade Fund

ﺕﺎﻗﺪﺼﻠﻟ 34ﻫﻷﺍ ﻕﻭﺪﻨﺻ

✓

✓ SNB Capital Sadaqqat ✓

Fund

ﻝﺎـــــJ«ﻟﺎـــــ% ﻉqﻨﺘﻤﻟﺍ 34ﻫﻷﺍ ﻕﻭﺪـــــﻨـــــــــــــــﺻ ﻱﺩﻮﻌﺴﻟﺍ

✓

✓ AlAhli Diversified Saudi ✓

Riyal Fund

ﻝﻮـــــــــــــــﺻﻷﺍ ﺩﺪــﻌﺘﻣ 34ﻫﻷﺍ ﻕﻭﺪــﻨـــــــــــــــﺻ ﻆﻔﺤﺘﻤﻟﺍ

✓

✓ SNB Capital Multi-Asset ✓

Conservative Fund

34ﻫﻷﺍ ﻕﻭﺪــﻨـــــــــــــــﺻ ﻝﻮـــــــــــــــﺻﻷﺍ ﺩﺪــﻌﺘﻣ

3

7ﺎﺿﻹﺍ ﻞﺧﺪﻠﻟ

✓

Income Plus Fund

ﻝﻮـــــــــــــــﺻﻷﺍ ﺩﺪــﻌﺘﻣ 34ﻫﻷﺍ ﻕﻭﺪــﻨـــــــــــــــﺻ ﻥﺯﺍﻮﺘﻤﻟﺍ

✓

Moderate Fund

ﻝﻮـــــــــــــــﺻﻷﺍ ﺩﺪــﻌﺘﻣ 34ﻫﻷﺍ ﻕﻭﺪــﻨـــــــــــــــﺻ ﻮﻤﻨﻠﻟ

✓

Growth Fund

34ﻫﻷﺍ ﻕﻭﺪﻨﺻ ﺔ*ﻤﻟﺎﻌﻟﺍ ﺓﺮﺟﺎﺘﻤﻠﻟ

✓

✓ SNB Capital International ✓

Trade Fund

ﺭﻻﻭﺪـــﻟﺎـــ% ﻉqﻨﺘﻤﻟﺍ 34ﻫﻷﺍ ﻕﻭﺪـــﻨـــــــــــــــﺻ 3ôJ«ﻣﻷﺍ

✓

✓ AlAhli Diversified US ✓

Dollar Fund

ﺭﻻﻭﺪﻟﺎ% ﻙﻮﻜــــــــﺼﻠﻟ 34ﻫﻷﺍ ﻕﻭﺪﻨــــــــﺻ 3ôJ«ﻣﻷﺍ

✓

✓ SNB Capital US Dollar ✓

Sukuk Fund

ﻚــــﻠﻤﻟﺍ ﺔــــﻌﻣﺎــــﺟﻭ 34ﻫﻷﺍ ﻕﻭﺪــــﻨـــــــــــــــﺻ ﺩﻮﻌﺳ 3

Ýﻗﻮﻟﺍ

✓

✓ SNB Capital – King Saud ✓

University Waqf Fund

ﺮJqﻄﺘﻠﻟ ﻮﻛﺪـــــــــــــــــﺳ 34ﻫﻷﺍ ﻕﻭﺪــﻨـــــــــــــــﺻ 3

ﻜﺴﻟﺍ AlAhli Sedco Residential ✓

Development Fund

ﺖJﺭ 34ﻫﻷﺍ ﻕﻭﺪﻨﺻ (1)

✓ AlAhli REIT Fund 1

ﺔــﻜﻤ% ﺔــﻓﺎــ*ـــــــــــــــﻀﻠﻟ 34ﻫﻷﺍ ﻕﻭﺪــﻨـــــــــــــــﺻ ﺔﻣﺮﻜﻤﻟﺍ

✓ AlAhli Makkah Hospitality

Fund

ﺹﺮﻔﻠﻟ ﻱﺭﺎﻘﻌﻟﺍ 34ﻫﻷﺍ ﻕﻭﺪﻨﺻ

✓ SNB Capital Real Estate

Opportunistic Fund

ﺔﺌﻔﻟﺍ ﺕﺍﺫ ﻙﻮﻜﺼﻠﻟ 34ﻫﻷﺍ ﻕﻭﺪﻨﺻ ) 3 1 ﺎﺜﻟﺍ (

✓ SNB Capital Tier One

Sukuk Fund II

ﺔﺌﻔﻟﺍ ﺕﺍﺫ ﻙﻮﻜﺼﻠﻟ 34ﻫﻷﺍ ﻕﻭﺪﻨﺻ ) 1 ﺚﻟﺎﺜﻟﺍ (

✓ SNB Capital Tier One

Sukuk Fund III

ﻕﻭﺪﻨــــــﺻ ﺭﺎﻤﺜــــــﺳﻼﻟ ﻡﻮﻠ%

– ﻦﻜــــــﺴﻣ

ﻱﺭﺎﻘﻌﻟﺍ ﺮJqﻄﺘﻠﻟ ﺔ*¢«ﻌﻟﺍ

✓ BLOOM Capital

Investment Fund - Maskan Arabia

ﻱﺭﺎﻘﻌﻟﺍ 34ﻫﻷﺍ ﻕﻭﺪﻨﺻ

✓ SNB Capital Real Estate

Fund

(10)

ﻡ Page 9 of 12

g. Topics discussed and issued resolutions, as well as the fund performance and fund achievement of its objectives

ﺯ ﺎﻬﻧﺄﺸ· ﺓﺭﺩﺎﺼﻟﺍ ﺕﺍﺭﺍﺮﻘﻟﺍﻭ ﺎﻬﺘﺸﻗﺎﻨﻣ ﺖﻤﺗ ¤ﻟﺍ ﺕﺎﻋﻮﺿﻮﻤﻟﺍ[ .

ﻪﻓﺍﺪﻫﻷ ﻕﻭﺪﻨﺼﻟﺍ ﻖﻴﻘﺤﺗﻭ ﻕﻭﺪﻨﺼﻟﺍ ﺀﺍﺩﺃ ﻚﻟﺫ ﺎﻤK The Fund's Board of Directors held three meetings

during 2021. The following is a summary of the key decisions approved and the matters discussed by the Fund’s Board of Directors:

- Fund’s objectives achievement and performance review.

- Risks related to the funds; including: liquidity, market, and operational risks.

- Ensuring fund’s compliance to all applicable rules and regulations.

ﻡﺎﻌﻟﺍ ﻝﻼﺧ ﺕﺎﻋﺎﻤﺘﺟﺍ ﺔﺛﻼﺛ ﻕﻭﺪﻨﺼﻟﺍ ﺓﺭﺍﺩﺇ ﺲﻠﺠﻣ ﺪﻘﻋ 2021

ﻡ

ﺎﺼﺨﻠﻣ 34 ﺎﻤ*ﻓﻭ ، ﺎﻫﺭﺍﺮﻗﺇ ﻢﺗ 3ﻟﺍ ﺕﺍﺭﺍﺮﻘﻟﺍ ﻢﻫﻷ

ﺓﺭﺍﺩﺇ ﺲﻠﺠﻣ ﻞﻗ ﻦﻣ ﺎﻬﺘﺸﻗﺎﻨﻣ ﺖﻤﺗ 3ﻟﺍ ﻊﻴﺿﺍﻮﻤﻟﺍﻭ ﻕﻭﺪﻨﺼﻟﺍ :

- ﻡﺎﻌﻟﺍ ﻝﻼﺧ ﻪﺋﺍﺩﺃﻭ ﻪﻓﺍﺪﻫﻷ ﻕﻭﺪﻨﺼﻟﺍ ﻖﻴﻘﺤﺗ ﺔﺸﻗﺎﻨﻣ .

ﺮﻃﺎﺨﻣ ﻚﻟﺫ 37 ﺎﻤ% ﻕﻭﺪﻨﺼﻟﺎ% ﺔﻘﻠﻌﺘﻤﻟﺍ ﺮﻃﺎﺨﻤﻟﺍ - ﺔﻟﻮﻴﺴﻟﺍ ﻞ*ﻐﺸﻟﺍﻭ ،ﻕﻮﺴﻟﺍ ، .

- ﻝﻭﺆﺴﻣ ﻊﻣ ﺔ*ﻟﺎﻤﻟﺍ ﻕﻮﺴﻟﺍ ﺔﺌﻴﻫ ﺢﺋﺍﻮﻠ% ﻖﻳﺩﺎﻨﺼﻟﺍ ﻡﺍ ﻟﺍ

ﻡﺍ ﻟﻻﺍﻭ ﺔﻘ%ﺎﻄﻤﻟﺍ .

C) Fund Manager ﻕﻭﺪﻨﺼﻟﺍ ﺮﻳﺪﻣ (ﺝ

1) Name and address of the Fund Manager ﻪﻧﺍﻮﻨﻋﻭ ،ﻕﻭﺪﻨﺼﻟﺍ ﺮﻳﺪﻣ ﻢﺳﺍ (1

SNB Capital Company

King Saud Road, P.O. Box 22216, Riyadh 11495, Saudi Arabia Tel: +966 920000232

Website: www.alahlicapital.com

ﺔﻛ xz ﺔ7ﻟﺎﻤﻟﺍ ﻫﻷﺍ .ﺏ.ﺹ ،ﺩﻮﻌﺳ ﻚﻠﻤﻟﺍ ﻖJ«ﻃ 22216

ﺽﺎJ«ﻟﺍ ، 11495 ﺔﺩﻮﻌﺴﻟﺍ ﺔ*¢«ﻌﻟﺍ ﺔßﻠﻤﻤﻟﺍ ،

:ﻒﺗﺎﻫ 920000232 966

+

ﻊﻗﻮﻤﻟﺍ 3

ﻭßﻟﻹﺍ : www.alahlicapital.com 2) Names and addresses of Sub-Manager / Investment

Adviser

2 ( ﻭ ﻦﻃﺎ¨ﻟﺍ ﻦﻣ ﻕﻭﺪﻨﺼﻟﺍ ﺮﻳﺪﻣ ﻥﺍﻮﻨﻋﻭ ﻢﺳﺍ /

ﻥﺇ) ﺭﺎﻤﺜ*ﺳﻻﺍ ﻦﺭﺎﺸ*ﺴﻣ ﻭﺃ

(ﺪﺟﻭ

None. .ﺪﺟﻮﻳ ﻻ

3) Investment Activities during the period ﺓ\ﻔﻟﺍ ﻝﻼﺧ ﺭﺎﻤﺜ*ﺳﻻﺍ[ ﺔﻄﺸÇﺃ (3

The Fund closed the year with an allocation of 32% to Sukuk, 29% to income generating investments such as REITs, operating leases, trade finance and agricultural investments, 39% to money market.

ﺺ*ﺼﺨﺘﺑ ﺔﻨﺴﻟﺍ ﻕﻭﺪﻨﺼﻟﺍ ﻖﻠﻏﺃ 32

% ﺻﺃ ﻦﻣ ﻭ ،ﻙﻮﻜﺼﻟﺍ 37 ﻪﻟﻮ 29

37 %

، 34*ﻐﺸﻟﺍ ﺭﺎﺠﻹﺍ ،ﻱﺭﺎﻘﻌﻟﺍ ﺭﺎﻤﺜﺳﻻﺍ ﻖﻳﺩﺎﻨﺻ ﻞﺜﻣ ﻞﺧﺪﻠﻟ ﺓﺭﺪﻤﻟﺍ ﺕﺍﺭﺎﻤﺜﺳﻻﺍ ﺍ ﻞJqﻤﺗ ﻭ 3òﺍﺭﺰﻟﺍ ﺭﺎﻤﺜﺳﻻﺍ ﻭ ﺓﺭﺎﺠﺘﻟ 39

ﺪﻘﻨﻟﺍ ﻕﺍﻮﺳﺃ 37 % 4) Report of investment fund’s performance during the

period ﺓ\ﻔﻟﺍ ﻝﻼﺧ ﺀﺍﺩﻷﺍ ﺮﻘﺗ[ (4

Fund Performance -1.50 % Benchmark Performance 1.59 %

ﻕﻭﺪﻨﺼﻟﺍ ﺀﺍﺩﺃ -1.50%

ﺮــــــﺷﺆــــــــﻤﻟﺍ ﺀﺍﺩﺃ 1.59 %

The fund underperformed the benchmark by 309 bps. .ﺱﺎﺳﺃ ﺔﻄﻘﻧ309 ﻕﺭﺎﻔ% }ﺆﻤﻟﺍ ﺀﺍﺩﺃ ﻦﻋ ﻕﻭﺪﻨﺼﻟﺍ ﺀﺍﺩﺃ ﺾﻔﺨﻧﺍ

5) Terms & Conditions Material Changes ﻕﻭﺪﻨﺼﻟﺍ ﻡﺎºﺣﺃﻭ ﻁﻭ xz (5

ﺖﺛﺪﺣ ﺕﺍ \ﻐﺗ 1. Change in the membership of the Fund’s Board of

Directors:

a. Resignation of Mr. Naif AlMesned – Chairman.

b. Appointments of Mr. Mohammed AlSaggaf – Chairman.

2. Update Information regarding: Fund Manger’s Board of Directors, Financial Disclosure, Fund's Performance, and Fund Manger’s Financial Result.

3. Non-fundamental Changes: Change the fund’s English name, Update Fund Manager Information, Update Sharia Committee Name – Members - and Guidelines, Update the info of Fund Manager Board of Directors – the members’ bio and their memberships.

1 :ﻕﻭﺪﻨﺼﻟﺍ ﺓﺭﺍﺩﺇ ﺲﻠﺠﻣ ﺔJqﻀﻋ 3 .

7 ﻴﻐﺗ ﺃ . ﺪﻨﺴﻤﻟﺍ ﻒﺎﻧ £ﺫﺎﺘﺳﻷﺍ ﺔﻟﺎﻘﺘﺳﺍ –

.ﺓﺭﺍﺩﻹﺍ ﺲﻠﺠﻣ ﺲÍﺋﺭ

ﺏ £ﺫﺎﺘﺳﻷﺍ !ﻴﻌﺗ . ﻑﺎﻘﺴﻟﺍ ﺪﻤﺤﻣ

– ﻠﺠﻣ ﺲÍﺋﺭ ﺲ ﺓﺭﺍﺩﻹﺍ .

2 . ﺚﺪﺤﺗ ﻟﺍ ﺕﺎﻣﻮﻠﻌﻤ ـ% ﺔﻘﻠﻌﺘﻤﻟﺍ

ﺓﺭﺍﺩﺇ ﺲﻠﺠﻣ : ﻕﻭﺪﻨﺼﻟﺍ ﺮﻳﺪﻣ

، ﺺﺨﻠﻣ

3Vﺎﻤﻟﺍ ﺡﺎﺼﻓﻹﺍ ﺔ*ﻟﺎﻤﻟﺍ ﺕﺎﻣﻮﻠﻌﻤﻟﺍ ﺺﺨﻠﻣﻭ ،ﻕﻭﺪﻨﺼﻟﺍ ﺀﺍﺩﺃ ،

ﺮﻳﺪﻤﻟ

ﻕﻭﺪﻨﺼﻟﺍ .

3

% ﻕﻭﺪﻨﺼﻟﺍ ﻢﺳﺍ ﻴﻐﺗ :ﺔ*ﺳﺎﺳﺃ ﻏ ﺕﺍ ﻴﻐﺗ . ﺔﻐﻠﻟﺎ

J ﻠﺠﻧﻹﺍ

،ﺔ ﺚﺪﺤﺗ

ﻕﻭﺪﻨﺼﻟﺍ ﺮﻳﺪﻣ ﺕﺎﻣﻮﻠﻌﻣ ،

ﺔ*ﻋ }~ﻟﺍ ﺔﺌﻴﻬﻟﺍ ﻢﺳﺍ ﺚﺪﺤﺗ –

ﺀﺎﻀﻋﻷﺍ -

ﻳﺎﻌﻤﻟﺍ

ﺔ*ﻋ }~ﻟﺍ

، ﺚﺪﺤﺗ ﺕﺎﻣﻮﻠﻌﻣ ﺓﺭﺍﺩﺇ ﺲﻠﺠﻣ ﻕﻭﺪﻨﺼﻟﺍ ﺮﻳﺪﻣ

ﺀﺎﻀﻋﻷﺍ ﻦﻋ ﺓﺬﻧ ؛

.ﻢﻬﺗﺎJqﻀﻋﻭ

(11)

ﻡ Page 10 of 12

6) Any other information that would enable unitholders to make an informed judgment about the fund’s activities during the period

6 ﺭﺍﺮﻗ ﺫﺎﺨﺗﺍ ﻦﻣ ﺕﺍﺪﺣﻮﻟﺍ Éﻟﺎﻣ ﻦÊ (

ﻜﻤُ

ﺗ ﻥﺃ ﺎﻬﻧﺄﺷ ﻦﻣ ﻯﺮﺧﺃ ﺔﻣﻮﻠﻌﻣ ﻱﺃ ﻋ ¤ﺒﻣﻭ ﺱﻭﺭﺪﻣ ﺓ\ﻔﻟﺍ ﻝﻼﺧ ﻕﻭﺪﻨﺼﻟﺍ ﺔﻄﺸÇﺃ ﻥﺄﺸ· ﺔ7ﻓﺎÐ ﺕﺎﻣﻮﻠﻌﻣ [

None. .ﺪﺟﻮﻳ ﻻ

7) Investments in other Investment Funds ﻯﺮﺧﺃ ﺔﺭﺎﻤﺜ*ﺳﺍ ﻖﻳﺩﺎﻨﺻ ﺭﺎﻤﺜ*ﺳﻻﺍ (7

The fund management fee is 1.00% of NAV. Management fees

charged by investments in the following funds have been rebated:

3ø ﻕﻭﺪﻨﺼﻟﺍ 4ﻋ ﺔﺴﺤﻤﻟﺍ ﺓﺭﺍﺩﻹﺍ ﻡﻮﺳﺭ ﺔﺴÀ

1.00 ﺎJqﻨﺳ % 3

7ﺎﺻ ﻦﻣ

ﻖﻳﺩﺎﻨﺼﻠﻟ ﺓﺭﺍﺩﻹﺍ ﻡﻮﺳﺭ ﻦﻋ ﻝﺯﺎﻨﺘﻟﺍ ﻢﺗ ﺪﻗﻭ ،ﻕﻭﺪﻨﺼﻟﺍ ﻝﻮﺻﺃ ﺔﻤ*ﻗ :ﻩﺎﻧﺩﺃ ﺔﺤﺿﻮﻤﻟﺍ ﻕﻭﺪﻨﺼﻟﺍ ﺎﻬﺑ ﺮﻤﺜﺴ 3ﻟﺍ ﺔJﺭﺎﻤﺜﺳﻻﺍ

ﻕﻭﺪﻨﺼﻟﺍ ﻢﺳﺍ Fund Name

ﺖJﺭ 34ﻫﻷﺍ ﻕﻭﺪﻨﺻ AlAhli REIT Fund 1 1

ﻕﻭﺪﻨﺻ ﻱﺩﻮﻌﺴﻟﺍ ﻝﺎJ«ﻟﺎ% ﻉqﻨﺘﻤﻟﺍ 34ﻫﻷﺍ AlAhli Diversified Saudi Riyal Fund

3ôJ«ﻣﻷﺍ ﺭﻻﻭﺪﻟﺎ% ﻉqﻨﺘﻤﻟﺍ 34ﻫﻷﺍ ﻕﻭﺪﻨﺻ AlAhli Diversified US Dollar Fund

ﺔ*ﻤﻟﺎﻌﻟﺍ ﺓﺮﺟﺎﺘﻤﻠﻟ 34ﻫﻷﺍ ﻕﻭﺪﻨﺻ SNB Capital International Trade Fund

ﻱﺩﻮﻌﺴﻟﺍ ﻝﺎJ«ﻟﺎ% ﺓﺮﺟﺎﺘﻤﻠﻟ 34ﻫﻷﺍ ﻕﻭﺪﻨﺻ SNB Capital Saudi Riyal Trade Fund

) ﺔﺌﻔﻟﺍ ﺕﺍﺫ ﻙﻮﻜﺼﻠﻟ 34ﻫﻷﺍ ﻕﻭﺪﻨﺻ 1

ﺎﺜﻟﺍ ( 3 SNB Capital Tier One Sukuk Fund II

) ﺔﺌﻔﻟﺍ ﺕﺍﺫ ﻙﻮﻜﺼﻠﻟ 34ﻫﻷﺍ ﻕﻭﺪﻨﺻ 1

ﺚﻟﺎﺜﻟﺍ ( SNB Capital Tier One Sukuk Fund III

The Fund also has invested in the following investment funds, and the management fees were as follows:

ﻋ ﺓﺭﺍﺩﻹﺍ ﻡﻮﺳﺭ ﺖﻧﺎﻭ ﺔ*ﻟﺎﺘﻟﺍ ﺔJﺭﺎﻤﺜﺳﻻﺍ ﻖﻳﺩﺎﻨﺼﻟﺍ 37 ﺭﺎﻤﺜﺳﻻﺍ ﻢﺗ ﺎﻤ

4

: 3Vﺎﺘﻟﺍ ﻮﺤﻨﻟﺍ ﻕﻭﺪﻨﺼﻟﺍ ﻢﺳﺍ

ﺓﺭﺍﺩﻹﺍ ﻡﻮﺳﺭ Management Fess Fund Name

ﺔﺩﻮﻌﺴﻟﺍ ﺖJﺭ ﻯﻭﺪﺟ ﻕﻭﺪﻨﺻ 1.00%

Jadwa Saudi REIT Fund

ﻞ*ﺗﺃ ﺲÀﺪﺎﻏ ﻕﻭﺪﻨﺻ ) ﺟﺄﺘﻠﻟ ﺞﻴﻠﺨﻟﺍ

OEIC ( 1.50%

Guidance ATEL GCC Leasing (OEIC) Ltd

8) Special commission received by the fund manager during the period

8 ( ﺓ [

\ﻔﻟﺍ ﻝﻼﺧ ﻕﻭﺪﻨﺼﻟﺍ ﺮﻳﺪﻣ ﺎﻬﻴﻠﻋ ﻞﺼﺣ ¤ﻟﺍ ﺔﺻﺎﺨﻟﺍ ﺕﻻﻮﻤﻌﻟﺍ[

No special commissions were received during the period. .ﺓﻔﻟﺍ ﻝﻼﺧ ﺔﺻﺎﺧ ﺕﻻﻮﻤﻋ ﻱﺃ 4ﻋ ﻕﻭﺪﻨﺼﻟﺍ ﺮﻳﺪﻣ ﻞﺼﺤ ﻢﻟ 9) Any other data and other information required by

Investment Fund Regulations to be included in this report

9 ( ﺎﻬﻨﻴﻤﻀﺗ ﺭﺎﻤﺜ*ﺳﻻﺍ ﻖﻳﺩﺎﻨﺻ ﺔﺤﺋﻻ ﺖ¨ﺟﻭﺃ ﻯﺮﺧﺃ ﺕﺎﻣﻮﻠﻌﻣﻭ ﺕﺎﻧﺎ7ﺑ ﻱﺃ

ﺮﻘﺘﻟﺍ ﺍﺬﻬﺑ

a. Conflict of Interests ﺢﻟﺎﺼﻤﻟﺍ .ﺃ

ﺽﺭﺎﻌﺗ

There is no conflict of interests . .ﺢﻟﺎﺼﻣ ﺽﺭﺎﻌﺗ ﺪﺟﻮﻳ ﻻ

b. Fund Distribution During The Year ﻡﺎﻌﻟﺍ ﻝﻼﺧ ﻕﻭﺪﻨﺼﻟﺍ ﺕﺎﻌﺯﻮﺗ .ﺏ

The Fund’s distributed SAR0.01166 for each unit for 1H21 and SAR0.01054 for each unit for 2H21.

ﻕﻭﺪﻨﺼﻟﺍ ﻉﺯﻭ 0.01166

ﻦﻣ ﻝﻭﻷﺍ ﻒﺼﻨﻟﺍ 3 ﻝﺎJﺭ

7 ﺓﺪﺣﻭ ﻞﻟ ﻡﺎﻋ

2021 ﻡ ﻭ ، ﻢﺗ ﻊــــJﺯﻮﺗ 0.01054 ﻦﻣ 3 ﻝﺎJﺭ

ﺎﺜﻟﺍ ﻒﺼﻨﻟﺍ 3

7 ﺓﺪﺣﻭ ﻞﻟ

ﻡﺎﻌﻟﺍ .

c. Incorrect Valuation or Pricing \ﻌﺴ*ﻟﺍﻭ ﻢ$ﻘﺘﻟﺍ .ﺝ

ﺄﻄﺧ

None . . ﺪﺟﻮﻳ ﻻ

d. Investment Limitation Breaches ﺭﺎﻤﺜ*ﺳﻻﺍ ﺩﻮﻴﻗ ﺔﻔﻟﺎﺨﻣ .ﺩ

None . . ﺪﺟﻮﻳ ﻻ

(12)

ﻡ Page 11 of 12

10) Period for the management of the person registered as fund manager

10 ( ﻕﻭﺪﻨﺼﻠﻟ ﺮﻳﺪﻤÐ ﻞﺠﺴﻤﻟﺍ ﺺﺨﺸﻟﺍ ﺓﺭﺍﺩﺇ ﺓﺪﻣ

Since August – 2020. .ﻡ2020– ﺲﻄﺴﻏﺃ ﺬﻨﻣ

11) A disclosure of the expense ratio of each underlying fund at end of year and the weighted average expense ratio of all underlying funds that invested in (where applicable)

11 ( ﺢّ

ﺟﺮﻤﻟﺍ ﻂﺳﻮﺘﻤﻟﺍﻭ ﻡﺎﻌﻟﺍ ﺔﺎﻬﻨﺑ ﻕﻭﺪﻨﺻ ﻞÐ ﺕﺎﻓﻭ¬ﻣ ﺔ¨ﺴÇ ﻦﻋ ﺡﺎﺼﻓﻹﺍّ (ﻖﺒﻄﻨﻳ ﺎﻤﺜﻴﺣ) ﺎﻬﻴﻓ ﺮﻤﺜ*ﺴﻤﻟﺍ ﺔﺴﺋﺮﻟﺍ ﻖﻳﺩﺎﻨﺼﻟﺍ ﻞÐ ﺕﺎﻓﻭ¬ﻣ ﺔ¨ﺴ©ﻟ

As shown in the sub-paragraph (7) of paragraph (C) in this Annual Report.

) ﺔ*ﻋﺮﻔﻟﺍ ﺓﺮﻘﻔﻟﺍ 37 ﺢﺿﻮﻣ ﻮﻫ ﺎﻤ

7 .ﻱﻮﻨﺴﻟﺍ ﺮJ«ﻘﺘﻟﺍ ﺍﺬﻫ ﻦﻣ (ﺝ) ﺓﺮﻘﻔﻟﺍ ﻦﻣ (

D) Custodian ^{ﻆﻔﺤﻟﺍ}^¼ﻣﺃ (ﺩ

1) Name and address of custodian ﻪﻧﺍﻮﻨﻋﻭ ،ﻆﻔﺤﻟﺍ ¼ﻣﺃ ﻢﺳﺍ (1

AlBilad Investment Company

King Fahad Road, P.O. Box 140, Riyadh 11411, Kingdom of Saudi Arabia.

Tel: + 966 92000 3636

Website: www.albilad-capital.com

ﺭﺎﻤﺜ*ﺳﻼﻟ ﺩﻼ¨ﻟﺍ ﺔﻛ xz .ﺏ.ﺹ ،ﺪﻬﻓ ﻚﻠﻤﻟﺍ ﻖJ«ﻃ 140

ﺽﺎJ«ﻟﺍ ، 11411 ،

ﺔﺩﻮﻌﺴﻟﺍ ﺔ*¢«ﻌﻟﺍ ﺔßﻠﻤﻤﻟﺍ :ﻒﺗﺎﻫ 3636 92000 966 +

: 3 ﻭ ßﻟﻹﺍ ﻊﻗﻮﻤﻟﺍ capital.com

- www.albilad

2) Custodian’s duties and responsibilities ﻆﻔﺤﻟﺍ ¼ﻣﺃ ﺕﺎ7ﻟﻭﺆﺴﻣﻭ ﺕﺎ¨ﺟﺍﻭ (2

- Notwithstanding the delegation by a custodian to one or more third parties under the provisions of Investment Funds Regulations or the Capital Market Institutions Regulations, the custodian shall remain fully responsible for compliance with its responsibilities in accordance to the provisions of Investment Funds Regulations.

- The custodian shall be held responsible to the fund manager and unitholders for any losses caused to the investment fund due to the custodian fraud, negligence, misconduct or willful default.

- The custodian shall be responsible for taking custody and protecting the fund's assets on behalf of unitholders, and taking all necessary administrative measures in relation to the custody of the fund's assets.

- ﻖﻳﺩﺎﻨﺻ ﺔﺤﺋﻻ ﻡﺎÉﺣﻷ

ﺎﻘﻓﻭ ﻪﺗﺎﻣﺍ ﻟﺍ ﻦﻋ ً

úﻭﺆﺴﻣ ﻆﻔﺤﻟﺍ !ﻣﺃ ﺪﻌ

ﺎﺜﻟﺎﺛ ﺎﻓﺮﻃ ﺎﻬﺑ ﻒﻠ ﻡﺃ }ﺎﻣ ﻞÉﺸÏ ﻪﺗﺎ*ﻟﻭﺆﺴﻣ ﺔﺩﺄﺘﺑ ﻡﺎﻗ ﺀﺍﻮﺳ ،ﺭﺎﻤﺜﺳﻻﺍ ﻨﺻ ﺔﺤﺋﻻ ﻡﺎÉﺣﺃ ﺐﺟﻮﻤ%

.ﺔ*ﻟﺎﻤﻟﺍ ﻕﻮﺴﻟﺍ ﺕﺎﺴﺳﺆﻣ ﺔﺤﺋﻻ ﻭﺃ ﺭﺎﻤﺜﺳﻻﺍ ﻖﻳﺩﺎ ﺮﺋﺎﺴﺧ ﻦﻋ ﺕﺍﺪﺣﻮﻟﺍ 3^ﻟﺎﻣﻭ ﻕﻭﺪﻨﺼﻟﺍ ﺮﻳﺪﻣ ﻩﺎﺠﺗ ً -

ﻭﺃ ﺪﻤﻌﺘﻤﻟﺍ ﻪﻓﺗ ﺀﻮﺳ ﻭﺃ ﻪﻟﺎﻤﻫﺇ ﻭﺃ ﻪﻟﺎ*ﺘﺣﺍ ﺐûﺴÏ ﺔﻤﺟﺎﻨﻟﺍ ﻕﻭﺪﻨﺼﻟﺍ .ﺪﻤﻌﺘﻤﻟﺍ ﻩ ﺼﻘﺗ 3^ﻟﺎﻣ ﺢﻟﺎﺼﻟ ﺎﻬﺘﻳﺎﻤﺣﻭ ﻕﻭﺪﻨﺼﻟﺍ ﻝﻮﺻﺃ ﻆﻔﺣ ﻦﻋ ً -

ﻟﺍ ﺔﻣﺯﻼﻟﺍ ﺔJﺭﺍﺩﻹﺍ ﺕﺍﺀﺍﺮﺟﻹﺍ ﻊﻴﻤﺟ ﺫﺎﺨﺗﺍ ﻦﻋ ﻚﻟﺬﻛ ﻝﻭﺆﺴﻣ ﻮﻫﻭ ،ﺕﺍﺪﺣﻮ

.ﻕﻭﺪﻨﺼﻟﺍ ﻝﻮﺻﺃ ﻆﻔﺤ% ﻖﻠﻌﺘﻳ ﺎﻤ*ﻓ

E) Fund Operator ﻕﻭﺪﻨﺼﻟﺍ ﻞﻐﺸﻣ (ﻩ

1) Name and address of fund operator ﻪﻧﺍﻮﻨﻋﻭ ،ﻕﻭﺪﻨﺼﻟﺍ ﻞﻐﺸﻣ ﻢﺳﺍ (1

SNB Capital Company

King Saud Road, P.O. Box 22216, Riyadh 11495, Saudi Arabia

Tel: +966 920000232

Website: www.alahlicapital.com

ﺔﻛ xz ﺔ7ﻟﺎﻤﻟﺍ ﻫﻷﺍ .ﺏ.ﺹ ،ﺩﻮﻌﺳ ﻚﻠﻤﻟﺍ ﻖJ«ﻃ 22216

ﺽﺎJ«ﻟﺍ ، 11495 ،

ﺔﺩﻮﻌﺴﻟﺍ ﺔ*¢«ﻌﻟﺍ ﺔßﻠﻤﻤﻟﺍ :ﻒﺗﺎﻫ 920000232 966

+

ﻊﻗﻮﻤﻟﺍ 3

ﻭßﻟﻹﺍ : www.alahlicapital.com

2) Operator’s duties and responsibilities ﻕﻭﺪﻨﺼﻟﺍ ﻞﻐﺸﻣ ﺕﺎ7ﻟﻭﺆﺴﻣﻭ ﺕﺎ¨ﺟﺍﻭ (2

- In relation to investment funds, the fund operator shall be responsible for operating the investment fund.

- .ﻕﻭﺪﻨﺼﻟﺍ ﻞ*ﻐﺸ ﻦﻋ ً

úﻭﺆﺴﻣ ﻕﻭﺪﻨﺼﻟﺍ ﻞﻐﺸﻣ ﻥﻮﻜ

- ﻕﻭﺪﻨﺼﻟﺍ ﻞﻐﺸﻣ ﻡﻮﻘ

ﻞ*ﻐﺸﺑ ﺔﻠﺼﻟﺍ ﺕﺍﺫ ﺕﻼﺠﺴﻟﺍﻭ ﺮﺗﺎﻓﺪﻟﺎ% ﻅﺎﻔﺘﺣﻻﺎ%

.ﻕﻭﺪﻨﺼﻟﺍ

(13)

ﻡ Page 12 of 12

- The fund operator must maintain the books and records related to the operation of the fund it operates.

- The fund operator must establish a register of unitholders and must maintain it in the Kingdom in accordance to the Investment Funds Regulations.

- The fund operator shall be responsible for the process of dividends distribution (if available) to unitholders.

- The fund operator must process requests for subscriptions or redemption according to the fund’s Terms & Conditions.

- The fund operator shall be responsible for calculating the price of the units and valuing the assets of the fund. In so doing, the fund operator shall conduct a full and fair valuation according to the fund’s Terms & Conditions.

3 -

7 ﻪﻈﻔﺣﻭ ﺕﺍﺪﺣﻮﻟﺍ 3^ﻟﺎﻤ% ّﻞﺠﺳ ﺚﺪﺤﺗﻭ ﺩﺍﺪﻋþﺑ ﻕﻭﺪﻨﺼﻟﺍ ﻞﻐﺸﻣ ﻡﻮﻘ

.ﺭﺎﻤﺜﺳﻻﺍ ﻖﻳﺩﺎﻨﺻ ﺔﺤﺋﻻ ﺕﺎﻠﻄﺘﻤﻟ

ﺎﻘﻓﻭ ﺔßﻠﻤﻤﻟﺍ - ﺡﺎ¢ﺭﻷﺍ ﻊــــJﺯﻮﺗ ﺔ*ﻠﻤﻋ ﻦﻋ ً

úﻭﺆﺴﻣ ﻕﻭﺪﻨﺼﻟﺍ ﻞﻐﺸﻣ ّ ﺪﻌُ )

ﺕﺪﺟﻭ ﻥﺇ ( ﺐﺴﺣ

3

7 ﺎﻬﻴﻠﻋ ﺹﻮﺼﻨﻤﻟﺍ ﻊــــJﺯﻮﺘﻟﺍ ﺔﺳﺎ*ﺳ ﻭ ﻁﻭ }

ﻡﺎÉﺣﺃ ﻕﻭﺪﻨﺼﻟﺍ .

37 ﺎﻬﻴﻠﻋ ﺹﻮﺼﻨﻤﻟﺍ ﺐﺴﺣ ﻙﺍ ﺷﻻﺍ ﺕﺍﺀﺍﺮﺟþﺑ ﻕﻭﺪﻨﺼﻟﺍ ﻞﻐﺸﻣ ﻡﻮﻘ - ﻁﻭ }

ﻭ ﻡﺎÉﺣﺃ ﻕﻭﺪﻨﺼﻟﺍ .

ً - úﺩﺎﻋﻭ ً

ÿﻣﺎ

ﺎﻤ*ﻴﻘﺗ ﻕﻭﺪﻨﺼﻟﺍ ﻝﻮﺻﺃ ﻢ*ﻴﻘﺗ ﻦﻋ ً

úﻭﺆﺴﻣ ﻕﻭﺪﻨﺼﻟﺍ ﻞﻐﺸﻣ ﱡ ﺪﻌُ 3

7 ﺩﺭﻭ ﺎﻣ ﺐﺴﺣ ﻕﻭﺪﻨﺼﻟﺍ ﺕﺍﺪﺣﻭ ﺮﻌﺳ ﺏﺎﺴﺣﻭ ﻭ ﻁﻭ }

ﻡﺎÉﺣﺃ ﻕﻭﺪﻨﺼﻟﺍ .

F) Auditor ^{ﺕﺎKﺎﺴﺤﻟﺍ}^{ﻊﺟﺍﺮﻣ} (ﻭ

Name and Address of Auditor ﻪﻧﺍﻮﻨﻋ ،ﺕﺎKﺎﺴﺤﻟﺍ ﻊﺟﺍﺮﻣ ﻢﺳﺍ

KPMG Al Fozan & Partners

Riyadh Front – Airport Road P.O Box. 92876, Riyadh 11663, Saudi Arabia

Tel: +966118748500

Website: www.kpmg.com/sa

ﻩﺎÐ xzﻭ ﻥﺍﺯﻮﻔﻟﺍ ÕÖ ﻡﺍ ÕZ × ﺽﺎJ«ﻟﺍ ﺔﻬﺟﺍﻭ –

ﻖJ«ﻃ ﺏ.ﺹ ﺭﺎﻄﻤﻟﺍ 92876

ﺽﺎJ«ﻟﺍ ، 11663 ﺔ*¢«ﻌﻟﺍ ﺔßﻠﻤﻤﻟﺍ

ﺔﺩﻮﻌﺴﻟﺍ :ﻒﺗﺎﻫ 966118748500 +

: 3 ﻭ ßﻟﻹﺍ ﻊﻗﻮﻤﻟﺍ www.kpmg.com/sa

G) Financial Statements ﺔ7ﻟﺎﻤﻟﺍ ﻢﺋﺍﻮﻘﻟﺍ (ﺯ

As shown below in the financial statements section. .ﺔ*ﻟﺎﻤﻟﺍ ﻢﺋﺍﻮﻘﻟﺍ ﻢﺴﻗ 37 ﻩﺎﻧﺩﺃ ﺢﺿﻮﻣ ﻮﻫ ﺎﻤ

(14)

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(19)