28.06.2016
Dear Client,
We would like to inform you that, we have made some changes and amendments in AlYusr Alawwal Invest IPO Fund’s terms and conditions (after obtaining CMA approval) as follows:
1. Change the name of the Fund to be Al Yusr IPO Fund" instead of "Al Yusr Alawwal Invest IPO Fund ".
2. Amendment in clause (9), paragraph (2) related to the Fund's strategy to become as follows: " the investments will be focused on the Shariah IPOs companies listed on the Saudi stock market and companies newly listed on the Saudi stock market during the first three years from the date of listing up to a limit of 100% of its net asset value and not less than 25% of it."
Note that the effective date for implementing the above changes will be 60 days from the date of this message.
For further clarification, please read the Terms and Conditions of each Fund available on Alawwal Invest or Tadawul websites, or contact your Alawwal Invest Wealth Manager.
Contact Information:
Call Center toll-free number 800 124 2442
Sincerely,
Asset Management
Alawwal Invest