اتصل بي أو قم بإجراء مكالمة هاتفية، إذا كنت أدير قنصلًا، فسوف أتصل بك عندما تتحدث معي. 4) تقارير الصندوق متاحة مجانًا عند الطلب. إجمالي عائد الصندوق مقارنة بالمؤشر. لمدة سنة، 3 سنوات، 5 سنوات ومنذ التأسيس: ملخص لمؤهلات أعضاء مجلس إدارة الصندوق محمد السقاف: رئيس إدارة الثروات في البنك الوطني السويسري.
Roles and Responsibilities of the Board of Directors of the Fund هتايلوؤسمو قودنصلا ةرادإ سلجم راودأ .ج The responsibilities of the members of the Board of Directors of the Fund are. Ensuring that the fund manager fulfills its obligations in the best interests of the unitholders in accordance with the IFR and the terms and conditions of the fund. Keeping minutes of the meetings, which contain all the deliberations and facts of the meetings and the decisions taken 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. قودنصلا حلاصمو Fund Board members may be members of other funds. which may seek investment objectives similar to those of the Fund. Therefore, during the exercise of his activity, a member of the Board of the Fund may find himself in a situation of possible conflict of duties or interests with one or more funds.
وهذه هي أفضل طريقة للبدء. وقد عقد مجلس إدارة الصندوق ثلاثة اجتماعات خلال هذه الفترة.
Names and addresses of Sub-Manager / Investment Adviser
Seventh: Changing subsection (f) to paragraph Any other information that would enable unitholders to make an informed judgment about the fund.
Any other information that would enable unitholders to make an informed judgment about the fund’s
Investments in other Investment Funds ىرخأ ةيرامثتسا قيدانص ي ف رامثتسلاا ن ) 7 The fund has not invested substantially in other investment
Period for the management of the person registered as fund manager
A disclosure of the expense ratio of each underlying fund at end of year and the weighted average expense
Notwithstanding the delegation by a custodian to one or more third parties under the provisions of the Investment Fund Regulations or the Capital Market Institutions Regulations, the custodian remains fully responsible for the fulfillment of its responsibilities in accordance with the provisions of the Investment Fund Regulations. The custodian will be held responsible towards the fund manager and unit holders for any losses caused to the investment fund as a result of the custodian's fraud, negligence, misconduct or willful default. The custodian will 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. حلا.
In relation to mutual funds, the fund operator is responsible for the operation of the mutual fund. 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 manager is responsible for the process of distributing dividends (if available) to unit holders. The fund manager must process requests for subscription or redemption of the fund in accordance with the terms and conditions of the fund. The fund manager is responsible for the calculation of the price of the property units and the valuation of the fund's assets.
In this connection, the fund operator must carry out a complete and fair valuation in accordance with the fund's terms and conditions. As shown below in the accounting section.ةيلاملا مءوقلا مسق يف هاندأ حضوم وه امك. STATEMENT OF CHANGES IN NET ASSETS PROVIDED TO UNIT OWNERS For the year ended 31 December 2022.
SNB Capital International Trade Fund (the "Fund") is a Shariah-compliant, open-ended investment fund managed by SNB Capital Company (the "Fund Manager"), a subsidiary of The Saudi National Bank (the "Bank"), established pursuant to Article 31 in the investment fund regulations ("the regulations") issued by the Capital Markets Authority ("CMA") for the benefit of the fund's unitholders. The Fund allows investors to engage in commercial transactions that comply with Sharia principles, investing in Sukuk and other mutual funds or instruments that comply with Islamic Sharia investment principles. The terms and conditions of the fund were initially approved by the Saudi Central Bank (SAMA) and subsequently approved by the CMA through a letter dated 18 Dhul Hijja 1429H (corresponding to 16 December 2008).
The Fund is governed by the Investment Funds Regulations (the “Regulations”) published by the Capital Markets Authority (“CMA”) on 3 Dhul Hijja 1427 H (corresponding to 24 December 2006).
BASIS OF ACCOUNTING
BASIS OF MEASUREMENT
FUNCTIONAL AND PRESENTATION CURRENCY
CHANGES IN FUND’S TERMS AND CONDITIONS
CRITICAL ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS
CRITICAL ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS (CONTINUED)
SIGNIFICANT ACCOUNTING POLICIES
Assessment of whether contractual cash flows are principal and interest/fee payments only For the purposes of this assessment, "principal" is defined as the fair value of the financial asset at initial recognition. In assessing whether the contractual cash flows are only principal and interest/fee payments, the Fund considers the contractual terms of the instrument. Financial assets are not reclassified after initial recognition, except for the period after the Fund changes its business model for managing financial assets.
The Fund assesses on a forward-looking basis the expected credit losses ("ECL") associated with its financial assets carried at amortized cost. The fund classifies its financial liabilities at amortized cost, unless it has designated liabilities with FVTPL. Financial assets and liabilities measured at FVTPL are first recognized on the trade date, which is the date on which the fund becomes a party to the contractual provisions of the instrument.
The fund must recognize a financial asset or a financial liability in its statement of financial position when and only when the company becomes a party to the instrument's contractual provisions. Other financial assets and financial liabilities are recognized at the time they arise. Financial assets and financial liabilities that are measured at amortized cost are subsequently measured at amortized cost using the effective interest/commission method and are recognized in the income statement and other comprehensive income.
The Fund derecognizes a financial asset when the contractual rights to the cash flows from the asset expire or it transfers the rights to receive the 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 does not retain 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 new asset obtained minus a new assumed obligation) 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. The Fund cancels a financial liability when its contractual obligations are fulfilled or canceled or expires. Financial assets and financial liabilities are offset and the net amount presented in the statement of financial position when and only when the fund has a legal enforcer right to offset the amounts and intends either to settle them on a net basis or to realize the asset and settle the liability simultaneously.
SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) 3 Provisions
SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
CASH AND CASH EQUIVALENTS
RECONCILIATION OF CHANGES IN NET ASSETS ATTRIBUTABLE TO THE UNITHOLDERS
RELATED PARTY TRANSACTIONS AND BALANCES
RELATED PARTY TRANSACTIONS AND BALANCES (CONTINUED) Transactions with related parties (continued)
FINANCIAL RISK MANAGEMENT (CONTINUED) 1.1 Market risk
The credit quality of the financial assets is managed using assessments from reputable credit rating agencies. The fund manager also reviews the credit concentration of the investment portfolio based on the geographical location of the counterparties. As the fund has all investments in the Kingdom of Saudi Arabia, the fund is therefore not exposed to credit risk related to geographical distribution.
FINANCIAL RISK MANAGEMENT (CONTINUED) 1 Financial risk factors (continued)
12-month
Lifetime
Lifetime - credit
LAST VALUATION DAY
EVENTS AFTER THE END OF THE REPORTING PERIOD
APPROVAL OF THE FINANCIAL STATEMENTS
