Al Jazira Saudi Equities Fund came into existence on 4th December 1999. This open-ended fund was set up and handled via a deal between the unitholders and Aljazira Capital. The company is a top-rated joint stock organization in the Middle East. The fund managers working on this fund is owned subordinate of Bank Aljazira.
The fund became a prominent name among investors in the high-risk zone. As it is a high-risk fund, it requires the investors to study the market thoroughly. They must track the fund's performance regularly to understand how much they have earned on their investments.
This Al Jaira fund works under the rules and regulations stated in the brochure. The fund's primary goal is to assist investors in investing in the capital market of Saudi Arabia based on Islamic Shariah. However, investors cannot invest in those equities that are registered in the Saudi Arabia. Once the profit is earned, the fund invests the money back and does not distribute it among the unitholders. This reinvested amount is showcased in the net assets attributable to every unit.
The fund's valuation and announcement are made every day when Tadawul is open. The fund managers working for this fund charge 1.5% of the management fees for their hard work and energy. They use their expertise and invest in such equities that offer profits.
Al Jazira Saudi Equities Fund offered -9.23% returns in the last three years.
Al Jazira Saudi Equities Fund is a high-risk fund that requires investors to be extra alert and cautious while investing in this fund.
The minimum amount you must invest in the Al Jazira Saudi Equities Fund is 5000 SAR. This value is finalized by the investment managers who look at the fund's activities.
The annual management fee of Al Jazira Saudi Equities Fund is 1.5%. The fund manager charges a fixed cost yearly for their services.
Al Jazira Saudi Equities Fund is an open-ended fund. This implies that a user can enter or exit the fund anytime after its launch.
Al Jazira Saudi Equities Fund is handled by Aljazira Capital. The firm is responsible for offering services of managing, underwriting, and more.
The major objective of Al Jazira Saudi Equities Fund is to assist investors to participate in the equity market of Saudi Arabia and accomplish wealth gains in longer tenure.
The expense ratio of the Al Jazira Saudi Equities Fund is 0.52%. This fee is an essential factor for individuals as it can play a vital role in the net profit.