– Announcement –

 Alkhabeer Capital Announcement Regarding an Update of the Terms and Conditions of Alkhabeer Growth and Income Traded Fund

Alkhabeer Capital (The Fund Manager) announces an update of the terms and conditions of Alkhabeer Growth and Income Traded Fund as of 28 Jumada al-Awwal 1445 corresponding to 12 December 2023. A summary of the main updated items are as follows:

1. Fund Summary:

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.

2. Main Risks of Investing in the Fund:

– (Zakat and Income Tax Risks) statement has been updated to comply with the CMA’s circular regarding the fund manager’s compliance with the rules of zakat collection.

– The name of the ZATCA Authority has been updated with (Risk of Withholding Tax).

3. Service Charges and Fees:

All items of the (Service Charges and Fees) paragraph have been updated to be consistent with the following updates:

– ZATCA Registration Expenses have been added.

– Updating the calculation of hypothetical examples that illustrate all fees, and custom components All tax included and excluded items plus acknowledgments for payment based on fiscal year.

– The item of (Zakat and Tax) has been added in order to comply with the CMA’s circular regarding the fund manager’s compliance with the rules of zakat collection.

4. Fund Manager:

– The data of the Fund Manager’s Paid-Up Capital paragraph has been updated.

– The data of Summary of the Fund Manager’s financial information by mentioning the company’s revenues and profits for previous financial year.

5. Fund Board:

–  The data of the Fund’s Board of Directors members paragraph has been updated.

– The paragraph of (ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST BETWEEN ANY BOARD MEMBER AND THE FUND) has been updated.

6. 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 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/gif/

– End –