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Announcement by Ashmore Saudi Investment Saudi Arabia regarding an update of the terms and conditions of Ashmore Saudi Equity Fund - Class A
| Element List | Explanation |
|---|---|
| Introduction | Ashmore Saudi Investment Saudi Arabia announces an update of the terms and conditions of Ashmore Saudi Equity Fund - Class A |
| Effective Date of the Update to Fund's Terms and Conditions | 2024-06-13 Corresponding to 1445-12-07 |
| Summary of The Main Updated Items | - Change the Benchmark : to Standard & Poor's (S&P) Saudi Arabia Domestic total return index . - Some items have been added according to the investment funds regulations. - Deleting a paragraph in the section of changes in the terms and conditions of the fund’s provisions. - Update in the qualifications of the members of the Fund’s Board of Directors. - Update in the summary of financial information item. - An item has been added which is Additional Information Requirements for Certain Types of Funds according to the Investment Funds Regulations: Not Applicable - An item has been added which is Any waivers approved by the Capital Market Authority for any investment limits and restrictions, except for those mentioned in the investment policies and practices according to the Investment Funds Regulations: The fund manager has not requested any exemptions from the restrictions of the investment funds regulations. - Update the Fund Manager’s Website Address: https://www.ashmoregroup.com/en-sa - Amending the term (day) In the Glossary according to The Glossary of Defined Terms Used in in the Regulations and Rules of the Capital Market Authority. - An item has been added which is in the Case of Derivatives Contracts, Statement of the Purpose of Using Such Instruments according to the Investment Funds Regulations: The fund manager will not invest in derivatives contracts. - A paragraph has been added which is ownership transfer according to the Investment Funds Regulations in item Statement of details on charges imposed for subscription, redemption, and transfer of ownership, paid by unit holders, and the method of calculating it: There are no ownership transfer fees. The updated terms and conditions can be found in the attached file. |
| The Updated Terms and Conditions |  |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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