Public
Riyad Capital is a Saudi Closed Joint Stock Company with Paid Up Capital of SR 200,000,000 licensed by The Saudi Arabian Capital Market Authority (NO. 07070-37). Commercial Registration No. 1010239234 Head Office: Oasis Granada 2414 - Al Shohda Dist. Unit No. 69. Riyadh 13241 – 7279
Website: http://www.riyadcapital.com
The Fund invested in deposits and debt instruments in US dollars. The following is a summary of the value of the Fund's investments at the end of June 30, 2019:
15,000,000 Murabaha
6,532,808 Sukuk
0.90%
1.27%
There are changes on the following:
Fund Objective:
It is an open public debt instrument that invests in Shariah-compliant debt instruments approved by the Shariah Board and aims to achieve a balance between capital preservation and an appropriate return.
Public
Areas of Investment:
The fund invests mainly in Shariah compliant debt instruments.
To achieve its objectives, the Fund may invest in the following:
a. Investment in money market instruments and debt instruments compliant with Shariah regulations approved by the Shariah Board, issued by counterparties in the Kingdom of Saudi Arabia and licensed by SAMA or with international counterparts licensed by similar regulatory bodies, and will not exceed the upper limit with any counterparty When investing 25% of the net asset value of the Fund.
B. Investment in money market instruments and debt instruments with credit rating, with an average rating of money market instruments and debt instruments (BBB +) by Standard & Poor's or equivalent ratings, and in the absence of credit rating, the Fund Manager will study and analyze Evaluate the relevant money market and debt instruments before making an investment decision, including a credit analysis of the issuer and related
securities.
C. Invest in short and medium term financial instruments such as Wakala, Mudaraba, Musharaka, Musharaka, Swap Agreements, Repurchase and Repurchase Agreements, structured products, asset-backed securities and other instruments approved by the Shariah Board
Dr. Invest in financial instruments, including those issued by the Fund Manager (Riyad Capital) or Riyad Bank, in a manner not inconsistent with the requirements of the Investment Funds Regulations, strategies and
investment restrictions of the Fund, subject to the approval of the Shariah Committee.
e. Investment in investment funds units that mainly invest in the above mentioned investment fields, and not in contravention of the requirements of the investment funds regulation.
And. The Fund may obtain any financing for its own account, provided that it does not exceed 10% of the Fund's net assets. Such financing shall be provided by banks and shall be on a temporary basis and in accordance with Shari'a regulations. The Fund shall not pledge its assets or give creditors the right to recover their debts from any assets it owns, unless it is necessary for the allowed borrowing process.
G. The Fund's investments will be divided into the following asset classes:
The minimum asset class is the maximum
Medium and long-term debt instruments 40% 80%
Money Market Instruments * 20% 50%
Mutual Fund Units 0% 25%
Debt instruments without investment credit rating 0% 10%
Public
* In exceptional cases where there are no opportunities to invest in medium and long-term debt instruments, the Fund may temporarily invest all of its assets in money market instruments. These exceptional cases are:
• Insufficient amount of issuances to invest the fund.
• Lack of appropriate credit rating issues.
• Lack of appropriate returns.
Fund Manager Policies:
• The Fund Manager distributes the Fund's assets to money market instruments and debt instruments, taking into account the relative weights of the Fund's assets, the return requirements, the risk levels associated with the securities invested, the market trend, economic and political conditions and their suitability for the Fund's purposes. In order to minimize risk.
• The Fund Manager will measure its performance against the benchmark, which is the cost of interbank financing in US dollars for 3 months.
