نود العودة إلى وحدة التحكم الجديدة (4.5) لموقع الصندوق الإلكتروني ومعيار مزود الخدمة (إن وجد). لقد مارس مدير الصندوق حق التصويت، ولمزيد من التفاصيل راجع ملحق "ممارسة حق التصويت". لمحة عامة عن مؤهلات أعضاء مجلس إدارة الصندوق والقنصليات الفردية نايف السيف: يشغل حاليا منصب الرئيس التنفيذي للاستثمار.
Roles and responsibilities of the fund board ﺮﺎHﻟﻭﺆﺴﻣﻭ ﻕﻭﺪﻨﺼﻟﺍ ﺓﺭﺍﺩﺇ ﺲﻠﺠﻣ ﺭﺝ responsibilities of the members. the fund board must. Monitor and, where appropriate, approve or ratify any conflicts of interest identified by the fund manager. Ensure that the fund manager carries out his obligations in the interests of the shareholders, in accordance with IFRS and the fund's terms and conditions.
Keeping minutes of meetings that provide all discussions and facts of meetings and decisions made by the board of directors of the fund. A statement of any conflict or potential conflict of interest between the interests of a fund board member and the interests of the fund. SNB Capital Global REITs Fund Annual Report 2022G .. members of the Fund's Board, which is likely to conflict with the interests of the Fund.
كان أداء الصندوق أقل من المؤشر القياسي، لقد خانونا بمقدار 7 نقاط أساس. قام الصندوق بتوزيع 0.0298 دولار أمريكي لكل وحدة خلال العام. يمكنك استخدامه لقراءة المزيد. فيما يتعلق بصناديق الاستثمار، سيكون مشغل الصندوق مسؤولاً عن تشغيل صندوق الاستثمار.
The fund operator must keep books and records relating to the operation of the fund it operates. The fund operator must create an owner register and must maintain it in the kingdom in accordance with the investment association regulations. The fund operator is responsible for the process of dividend distribution (if available) to unitholders.
The fund manager must process subscription or redemption requests in accordance with the fund's Terms and Conditions. The fund manager is responsible for calculating the price of the units and valuing the assets of the fund. In doing so, the fund manager will carry out a full and fair valuation in accordance with the fund's General Terms and Conditions.
The Fund's investments are held by Northern Trust Corporation, a custodian appointed by the Fund Manager.
BASIS OF ACCOUNTING
SNB CAPITAL GLOBAL REITs FUND (managed by SNB Capital Company) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022. SNB Capital Global REITs Fund (the “Fund”) is a Shariah-compliant, open-end investment fund managed by SNB Capital Company (“ the Fund Manager"), a subsidiary of the Saudi National Bank ("the Bank"), established pursuant to Article 31 of the Investment Fund Regulations for the benefit of the Fund's Unitholders. The fund manager has appointed an international investment house, LaSalle Investment Management Securities B.V., Netherlands, as sub-manager for the Fund.
Their duties include opening separate independent investment accounts and managing the fund's assets in accordance with investment strategies and Shariah guidelines. The fund seeks to create long-term capital appreciation by investing in companies that are Shariah-compliant and primarily engaged in the real estate industry. The Fund also invests in securities of companies that own and manage a group of properties, in addition to investments in real estate investment trusts ("REITs") listed on stock exchanges around the world.
The terms and conditions of the Fund were originally approved by the Capital Markets Authority (“CMA”) by its letter dated 26 Jumada al-Akhirah, 1429H (corresponding to 11 November 2008). The Fund is governed by the Investment Funds Regulations (the “Regulations”) promulgated by the Capital Market Authority (“CMA”) on 3 Dhul Hijja 1427H (corresponding to 24 December 2006). The regulations were amended on 12 Rajab 1442H (corresponding to 24 February 2021).
BASIS OF MEASUREMENT
FUNCTIONAL AND PRESENTATION CURRENCY
FUNCTIONAL AND PRESENTATION CURRENCY (CONTINUED)
CHANGES IN FUND’S TERMS AND CONDITIONS
CRITICAL ACCOUNTING JUDGEMENTS, ESTIMATES AND ASSUMPTIONS The preparation of the financial statements requires management to make judgments, estimates and
CRITICAL ACCOUNTING JUDGEMENTS, ESTIMATES AND ASSUMPTIONS (CONTINUED)
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) 2 Financial assets and liabilities (continued)
Financial assets are not reclassified after initial recognition, except in the period when the Fund changes its business model for managing financial assets. The fund classifies its financial liabilities according to amortized value, unless it has determined the liabilities according to the fair value of the net profit. Financial assets and liabilities measured at FVTPL are initially recognized on the trade date, which is the date the fund becomes a party to the contractual terms of the instrument.
A fund recognizes a financial asset or a financial liability in its statement of financial position when, and only when, the company becomes a party to the contractual provisions of the instrument. Other financial assets and financial liabilities are recognized on the date of origination. A fund derecognizes a financial asset when the contractual rights to cash flows from the asset expire or when it transfers the rights to receive contractual cash flows in a transaction in which substantially all the risks and rewards of ownership of the financial asset are transferred. or in which the fund neither transfers nor retains substantially all the risks and rewards of ownership and control of the financial asset.
On derecognition of the financial asset, the difference between the carrying amount of the asset (or the carrying amount allocated to the part of the asset that is derecognised) and the consideration received (including any acquired new asset minus a new assumed liabilities) in the income statement and other comprehensive income. Any commission in such transferred financial assets created or retained by the fund is recognized as a separate asset or liability. The Fund enters into transactions whereby it transfers assets recognized in its statement of financial position but retains either all or substantially all of the risks and rewards of the transferred assets or a portion of them.
If all or substantially all risks and rewards are retained, the transferred assets are not derecognised. The Fund derecognises a financial liability when its contractual obligations are fulfilled, canceled or expire. Financial assets and financial liabilities are offset and the net amount is presented in the statement of financial position when and only when the Fund has a legally enforceable right to offset the amounts and intends either to settle them on a net basis or to sell the asset realize. and at the same time settle their liability.
A provision is recognized when the Fund has a current legal or constructive obligation as a result of past events, it is probable that an outflow of resources embodying economic benefits will be necessary to meet the obligation, and a reliable estimate of the amount can be made. . The Fund classifies issued financial instruments as financial liabilities or equity instruments, in accordance with the content of the contractual terms of the instruments. The redeemable units entitle investors to claim a cash redemption at a value proportionate to the investor's share of the net assets of the Fund on each redemption date and in the event of liquidation of the Fund.
SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) 5 Units in issue (continued)
SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
CASH AND CASH EQUIVALENTS
The composition of the equity investments measured at FVTPL per currency is summarized below: fair price).
UNITS TRANSACTIONS
RELATED PARTY TRANSACTIONS AND BALANCES
RELATED PARTY TRANSACTIONS AND BALANCES (CONTINUED) Other transactions and balances with related parties
FINANCIAL RISK MANAGEMENT (CONTINUED) 1 Financial risk factors (continued)
FINANCIAL RISK MANAGEMENT (CONTINUED) 1 Financial risk factors (continued)
FINANCIAL RISK MANAGEMENT (CONTINUED) 1 Financial risk factors (continued)
LAST VALUATION DAY
EVENTS AFTER THE END OF THE REPORTING PERIOD
APPROVAL OF THE FINANCIAL STATEMENTS
