– Announcement –
Alkhabeer Capital Announcement Regarding an Update of the Terms and Conditions of Alkhabeer Diversified Income Traded Fund
Alkhabeer Capital Company (The Fund Manager) announces an update of the terms and conditions of Alkhabeer Diversified Income Traded Fund as of 15 Jumada al-Awwal 1445 corresponding to 29 November 2023. A summary of the main updated items are as follows:
- Summary of the Fund: The following items were added in order to comply with the CMA’s circular regarding the fund manager’s compliance with the rules of zakat collection:
– ZATCA Registration Expenses.
– Zakat.
- Main Risks of Investing in the Fund: (Zakat and Tax) statement has been updated to comply with the CMA’s circular regarding the fund manager’s compliance with the rules of zakat collection.
- Consideration for the Services, Commissions and Fees: All items of the (Consideration for the Services, Commissions and Fees) paragraph have been updated to be consistent with the following updates:
– ZATCA Registration Expenses.
– Auditor’s Fees.
- Fund Manager: The data of the Fund Manager’s Paid-Up Capital paragraph has been updated.
- Custodian: The license number of the Custodian has been updated.
- Board of Directors: The data of the Fund’s Board of Directors members paragraph has been updated.
- Appendix (1) – Summary Financial Disclosure: The following items were added in order to comply with the CMA’s circular regarding the fund manager’s compliance with the rules of zakat collection:
– ZATCA Registration Expenses.
– Zakat.
The auditor’s fees have been updated.
The updated terms and conditions can be found in the attached file and through the fund Manager’s website, as in the following link: https://www.alkhabeer.com/income/
– End –
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