Fund announcements

24 March 2025:

Announcement by Ashmore Investment Saudi Arabia that Ashmore GCC Diversified Trade Fund's annual reports, including the annual audited financial statements, for the period ended on 31/12/2024are available to the public.

Ashmore Investment Saudi Arabia announces that Ashmore GCC Diversified Trade Fund's annual reports, including the annual audited financial statements, for the period ended on 31/12/2024:

  • Net asset on the end of period of:  Class A: 221,301,450 SAR , Class B: 31,585,008 SAR
  • Total expenses and fees for the year/period: 2,030,647 SAR. 
  • Net profit (loss) for the year/period of: 16,872,963 SAR. 
  • Number of outstanding units at the end of period: Class A: 18,026,197 units. Class B: 2,553,284  units.
  • Net asset value for the unit in:  Class A: 12.2767 SAR , Class B: : 12.3703 SAR. 
  • Revenue for the period  Class A: 5.11% Class B: %5.72

 

9 December 2024:

Announcement by Ashmore Investment Saudi Arabia regarding an update of the terms and conditions of Ashmore GCC Diversified Trade Fund - Class (A).

Ashmore Saudi Investment Saudi Arabia announces an update of the terms and conditions of Ashmore GCC Diversified Trade Fund - Class (A), as of 07/06/1446 corresponding to 08/12/2024. 

A summary of the main updated items are as follows:

  • Amended the last time for receiving subscription and redemption requests to before 3:00 PM Riyadh time on the dealing day on which the subscription or redemption request will be executed.
  • Added financial statements preparation fees of 0.005% of the fund’s total size, with a minimum of $1,000 and a maximum of $4,000, plus VAT.
  • Change the Tax Auditor and accordingly changing the fees: the fees include a one-time account setup fee of 500 SAR, payable upon account creation. Annual tax statement preparation fees are 2,900 SAR. .
  • According to the above changes, the table that shows the percentage of the fund expenses against the total fund asset value has been amended, and the table of example that illustrates all fees, charges and expenses has been amended.

The updated terms and conditions can be found in the attached file.

 

Announcement by Ashmore Investment Saudi Arabia regarding an update of the terms and conditions of Ashmore GCC Diversified Trade Fund - Class (B).

Ashmore Saudi Investment Saudi Arabia announces an update of the terms and conditions of Ashmore GCC Diversified Trade Fund - Class (B), as of 07/06/1446 corresponding to 08/12/2024. 

A summary of the main updated items are as follows:

  • Amended the last time for receiving subscription and redemption requests to before 3:00 PM Riyadh time on the dealing day on which the subscription or redemption request will be executed.
  • Added financial statements preparation fees of 0.005% of the fund’s total size, with a minimum of $1,000 and a maximum of $4,000, plus VAT.
  • Change the Tax Auditor and accordingly changing the fees: the fees include a one-time account setup fee of 500 SAR, payable upon account creation. Annual tax statement preparation fees are 2,900 SAR. .
  • According to the above changes, the table that shows the percentage of the fund expenses against the total fund asset value has been amended, and the table of example that illustrates all fees, charges and expenses has been amended.

The updated terms and conditions can be found in the attached file.

 

21 November 2024:

Announcement by Ashmore Investment Saudi Arabia Regarding the Details of Non-Fundamental Changes of Ashmore GCC Diversified Trade Fund - Class (A).

Ashmore Saudi Investment Saudi Arabia announces the approval of the Fund`s Board of Directors of a non-fundamental change to Ashmore GCC Diversified Trade Fund - Class (A), such changes will become effective on 07/06/1446 corresponding to 08/12/2024.

The details of the non-fundamental change are as follows:

  • Amended the last time for receiving subscription and redemption requests to before 3:00 PM Riyadh time on the dealing day on which the subscription or redemption request will be executed.
  • Added financial statements preparation fees of 0.005% of the fund’s total size, with a minimum of $1,000 and a maximum of $4,000, plus VAT.
  • Change the Tax Auditor and accordingly changing the fees: the fees include a one-time account setup fee of 500 SAR, payable upon account creation. Annual tax statement preparation fees are 2,900 SAR, plus VAT.
  • According to the above changes, the table that shows the percentage of the fund expenses against the total fund asset value has been amended, and the table of example that illustrates all fees, charges and expenses has been amended.

“Unitholders have the right to redeem their units before any non-fundamental change is effective; without incurring any redemption fees”.

 

Announcement by Ashmore Investment Saudi Arabia Regarding the Details of Non-Fundamental Changes of Ashmore GCC Diversified Trade Fund - Class (B).

Ashmore Saudi Investment Saudi Arabia announces the approval of the Fund`s Board of Directors of a non-fundamental change to Ashmore GCC Diversified Trade Fund - Class (B), such changes will become effective on 07/06/1446 corresponding to 08/12/2024.

The details of the non-fundamental change are as follows:

  • Amended the last time for receiving subscription and redemption requests to before 3:00 PM Riyadh time on the dealing day on which the subscription or redemption request will be executed.
  • Added financial statements preparation fees of 0.005% of the fund’s total size, with a minimum of $1,000 and a maximum of $4,000, plus VAT.
  • Change the Tax Auditor and accordingly changing the fees: the fees include a one-time account setup fee of 500 SAR, payable upon account creation. Annual tax statement preparation fees are 2,900 SAR, plus VAT.
  • According to the above changes, the table that shows the percentage of the fund expenses against the total fund asset value has been amended, and the table of example that illustrates all fees, charges and expenses has been amended.

“Unitholders have the right to redeem their units before any non-fundamental change is effective; without incurring any redemption fees”.

 

8 August 2024:

Announcement by (Ashmore Investment Saudi Arabia) for providing the public with the interim financial statements of (Ashmore GCC Diversified Trade Fund) for the period ending on 30/06/2024 are available to the public.

“(Ashmore Investment Saudi Arabia) announces that the interim financial statements of (Ashmore GCC Diversified Trade Fund) for the period ending on 30/06/2024. The following is the summary of the interim financial results of the period:

  • Net assets on the end of period of 346,240,507 (SAR). 
  • Total expenses and fees for the period 1,012,442 (SAR). 
  • Net profit (loss) for the period of 8,733,697 (SAR). 
  • Number of outstanding units in the end of period class (A) 23,425,674 (units). 
  • Net asset value for the unit class (A) 11.9797 (SAR) 
  • Revenue of the period class (A) 2.57%. 
  • Number of outstanding units in the end of period class (B) 5,450,912 (units). 
  • Net asset value for the unit class (B) 12.0362(SAR)  
  • Revenue of the period class (B) 2.86%. 

 

31 March 2024:

Announcement by Ashmore Investment Saudi Arabia that Ashmore GCC Diversified Trade Fund's annual reports, including the annual audited financial statements, for the period ended on 31/12/2023are available to the public.

Ashmore Saudi Investment Saudi Arabia announces that Ashmore GCC Diversified Trade Fund's annual reports, including the annual audited financial statements, for the period ended on 31/12/2023:

  • Net asset on the end of period of:  Class A:249,635,909  SAR , Class B: 65,873,385  SAR
  • Total expenses and fees for the year/period:1,424,801  SAR. 
  • Net profit (loss) for the year/period of: 9,848,130  SAR. 
  • Number of outstanding units at the end of period: Class A: 21,373,755  units. Class B: 5,629,630 units.
  • Net asset value for the unit in:  Class A: 11.6796  SAR , Class B: : 11.7012 SAR. 
  • Revenue for the period  Class A: 4.69%.  Class B: %4.89

 

15 January 2024:

Announcement by Ashmore Investment Saudi Arabia regarding an update of the terms and conditions of Ashmore GCC Diversified Trade Fund

Ashmore Saudi Investment Saudi Arabia announces an update of the terms and conditions of Ashmore GCC Diversified Trade Fund as of 03/07/1445 corresponding to 15/01/2024. A summary of the main updated items are as follows:

  • Adding Tax Auditor fees to implement the rules for collecting zakat from investors in investment funds.
  • Based on the above item, the hypothetical table has been updated, that shows the percentage of the fund expenses against the total fund asset value for the fund and the unitholder throughout the lifespan of the fund, and the hypothetical example that illustrates all fees, charges and expenses, paid from the fund's assets or unitholders based on the currency of the fund.
  • Change in auditor service provider.

The updated terms and conditions can be found in the attached file.

 

2 January 2024:

Announcement by Ashmore Investment Saudi Arabia regarding the details of non-fundamental changes to Ashmore GCC Diversified Trade Fund

Ashmore Saudi Investment Saudi Arabia announces the approval of the Fund`s Board of Directors of a non-fundamental changes to Ashmore GCC Diversified Trade Fund, such changes will become effective on 03/07/1445 corresponding to 15/01/2024. The details of the non-fundamental changes are as follows:

  • Adding Tax Auditor fees to implement the rules for collecting zakat from investors in investment funds.
  •  Based on the above item, the hypothetical table has been updated, that shows the percentage of the fund expenses against the total fund asset value for the fund and the unitholder throughout the lifespan of the fund, and the hypothetical example that illustrates all fees, charges and expenses, paid from the fund's assets or unitholders based on the currency of the fund. 
  • Change in auditor service provider.

 

10 August 2023:

Announcement by (Ashmore Investment Saudi Arabia) for providing the public with the interim financial statements of (Ashmore GCC Diversified Trade Fund) for the period ending on 30/06/2023 are available to the public".

“(Ashmore Investment Saudi Arabia) announces that the interim financial statements of (Ashmore GCC Diversified Trade Fund for the period ending on 30/06/2023. The following is the summary of the interim financial results of the period:

  • Net assets on the end of period of 202,015,952 (SAR). 
  • Total expenses and fees for the period 556,554 (SAR). 
  • Net profit (loss) for the period of 3,008,844 (SAR). 
  • Number of outstanding units in the end of period 17,727,433 (units). 
  • Net asset value for the unit 11.3957(SAR) 
  • Revenue of the period 4.40%. 

 

13 June 2023:

Ashmore Investment Company Saudi Arabia announces the existence of non-essential changes in the terms and conditions of the Ashmore Gulf Diversified Trading Fund.

Ashmore Investment Company Saudi Arabia announces the existence of non-essential changes in the terms and conditions of the fund, according to the notice sent to unit holders on 06/13/2023 (for more details about these changes, please visit the fund's document library, which is available on the website).

For further clarification, you can contact us through the available communication channels.

 

30 Mar 2023:

Announcement by Ashmore Investment Saudi Arabia that Ashmore GCC Diversified Trade Fund's annual reports, including the annual audited financial statements, for the period ended on 31/12/2022 are available to the public.

Ashmore Saudi Investment Saudi Arabia announces that Ashmore GCC Diversified Trade Fund's annual reports, including the annual audited financial statements, for the period ended on 31/12/2022:

  • Net asset on the end of period of: 115,163,553 SAR.
  • Total expenses and fees for the year/period: 1,380,496 SAR. 
  • Net profit (loss) for the year/period of: 3,298,023 SAR. 
  • Number of outstanding units at the end of period: 10,322,999 units.  
  • Net asset value for the unit in: 11.1560 SAR. 
  • Revenue for the period (2.13 ) %.

 

16 Aug 2022:

"Announcement by (Ashmore Investment Saudi Arabia) for providing the public with the interim financial statements of (Ashmore GCC Diversified Trade Fund) for the period ending on 30/06/2022 are available to the public".

“(Ashmore Investment Saudi Arabia) announces that the interim financial statements of (Ashmore GCC Diversified Trade Fund for the period ending on 30/06/2022. The following is the summary of the interim financial results of the period:

  • Net assets on the end of period of 184,622,992 (SAR).
  • Total expenses and fees for the period 774,656 (SAR).
  • Net profit (loss) for the period of 1,023,811 (SAR).
  • Number of outstanding units in the end of period 16,792,888 (units).
  • Net asset value for the unit 10. 99 (SAR)
  • Revenue of the period 1.32%.

 

14 Apr 2022:

-The title of Announcement

‘’Announcement by Ashmore Investment Saudi Arabia for the availability of the quarterly statement of Ashmore GCC Diversified Trade Fund for the period ending on 31/03/2022.

 

-The Detailed Announcement

‘’Ashmore Investment Saudi Arabia announces that the quarterly statement of Ashmore GCC Diversified Trade Fund for the period ending on 31/03/2022. A copy of the quarterly statement can be found in the attachments’’

 

31 Mar 2022:

Announcement by Ashmore Investment Saudi Arabia that Ashmore GCC Diversified Trade Fund's annual reports, including the annual audited financial statements, for the period ended on 31/12/2021  are available to the public.

Ashmore Saudi Investment Saudi Arabia announces that Ashmore GCC Diversified Trade Fund's annual reports, including the annual audited financial statements, for the period ended on 31/12/2021:

  • Net asset on the end of period of: 247,056,930 SAR.
  • Total expenses and fees for the year/period: 2,205,257 SAR.
  • Net profit (loss) for the year/period of: 7,247,625 SAR.
  • Number of outstanding units at the end of period: 22,595,169 units. 
  • Net asset value for the unit in: 10.9341 SAR.
  • Revenue for the period (2.24) %.

 

03 Jan 2022:

Announcement for the Details of Non-Fundamental Changes to a Fund

 

The title of the Announcement:

“Announcement by Ashmore Investment Saudi Arabia regarding the details of non- fundamental changes to Ashmore GCC Diversified Trade Fund”

 

The Detailed Announcement:

 Ashmore Investment Saudi Arabia announces the approval of the Funds Board of Directors of a non-fundamental change to Ashmore GCC Diversified Trade Fund, such change will become effective on (15/06/1443H) corresponding to (18/01/2022 G.). The details of the non-fundamental change are as follows:

 (Changing the Investment Limit in Units of Other Public Offering Funds from 30% to 60%)

 

04 May 2021:

Ashmore Investment Saudi Arabia announces the update of terms and conditions of Ashmore GCC Diversified Traded Fund from (04/05/2021). Details may be found in the fund documents.

 

12 April 2021:

Ashmore investment saudi arabia announces the availability of ashmore gcc diversified trade fund's annual report including (audited) financial statements for the period ended 31/12/2020 to the public.

Ashmore Saudi Investment Saudi Arabia announces the availability of the annual report. The following is a summary of the annual financial results for the financial period ended 31/12/2020- Net asset value at the end of the period: SR 386,275,036. - Total expenses and fees for the period: SR 54,635,919. - Net loss for the period: SR -34,060,773. Issued units: SR 36,131,348.  Net asset value per unit: SR 10.9645. Return for the period (%-4.70).

 

24 August 2020:

Ashmore investment saudi arabia announces the availability of ashmore gcc diversified trade fund's semi-annual reports including (unaudited) financial statements for the period ended 30/06/2020 To the public.

Ashmore Saudi Investment Saudi Arabia announces the availability of the semi-annual reports. The following is a summary of the semi-annual financial results for the financial period ended 30/06/2020: - Net asset value at the end of the period: SR 550,331,385. - Total expenses and fees for the period: SR 46,092,174. - Net loss for the period: SR 36,522,357. - Issued units: SR 51,735,081. - Net asset value per unit: SR 10.6375. Return for the period ( %5.31- ).

 

15 June 2020:

Ashmore Investment Saudi Arabia announces a change in the Fund Board of Ashmore GCC Diversified Trade Fund.

Ashmore Investment Saudi Arabia announces a change in the Fund Board of Ashmore GCC Diversified Trade Fund due to the resignation of Mr.  Abdullah Bakhrebah (Non- Independent Member) as of 23/10/1441 H corresponding to 14/06/2020 G.

Current Fund Board Members of Ashmore GCC Diversified Trade d are: 1- Khalid Mohammed Al Hukail (Independent Member) 2- Mohammad Saad Almuhanna (Independent Member)

 

29 May 2020:

Ashmore Investment Saudi Arabia announces developments on Ashmore GCC Diversified Trade Fund

Ashmore Investment Saudi Arabia (the “Fund manager”) hereby announces details of certain developments related to the Ashmore GCC Diversified Trade Fund (the “Fund”) which became effective as of 21 May 2020 (corresponding to 28/9/1441H).

As part of its investment strategy, the Fund indirectly acquired  economic exposure to Sukuk certificates which comprise 7.86% of the Fund’s net asset value as of 20 May 2020 (corresponding to 27/9/1441H).

On 21 May 2020 (corresponding to 28/9/1441H), the Fund Manager was advised by its agent that the issuer of the Sukuk defaulted on its payment obligations towards the Fund. Although the losses resulting from the abovementioned default are unrealized to date since the Sukuk have not been disposed of, the Fund Manager expects that such default will have a negative impact on the value of the Fund’s net asset value and return to unitholders.

Considering the abovementioned default and given the Fund Manager’s duties to unitholders to accurately reflect the value of the Sukuk, the Fund Manager decided, with effect from 21 May 2020 (corresponding to 28/9/1441H), to change the valuation method applicable to the Sukuk certificates so that they are valued based on market value as opposed to their value when initially acquired. The Fund Manager obtained the approval of the Fund’s board of directors on the aforementioned changes.

The Fund Manager will continue to make the relevant disclosures and act in the best interests of unitholders as required under the applicable regulations.

 

18 May 2020:

Ashmore Investment Saudi Arabia Announces an Update of Information Memorandum and Key Information Summery of Ashmore GCC Diversified Trade Fund.

Ashmore Investment Saudi Arabia announces an update of the Information Memorandum and Key Information Summery of Ashmore  GCC Diversified Trade Fund as of 25/09/1441 H corresponding to 18/05/2020 G. The updated Information Memorandum and Key Information Summery can be viewed through the following link.

 

1 May 2020:

Ashmore Investment Saudi Arabia Announces the Annual Report Of Ashmore GCC Diversified Trade Fund, including the Audited Annual Financial Results for The Fiscal Year Ended 31/12/2019.

Ashmore Saudi Investment Saudi Arabia announces the annual audited results of the Fund. The following is a summary of the annual financial results for the financial year ended 31/12/2019:

- Net asset value at the end of the year: SR 759,944,618

- Total expenses and fees at the end of the year: SR 3,577,922

- Net profit at the end of the year: SR 21,057,716

- Issued units: SR 67,705,674.156

- Net asset value per unit: SR 11.2242

- Net return: 3.67 %

 

4 November 2019:

Ashmore Investment Saudi Arabia announces a change in the Fund Board of Ashmore GCC Diversified Trade Fund.

Ashmore Investment Saudi Arabia announces a change in the Fund Board of Ashmore GCC Diversified Trade Fund due to the resignation of  Mr. Saleh aldahmashi (Non- Independent Member) and the appointment of Mr. Abdullah Bakhrebah (Non- Independent Member) as of 06/03/1441 H corresponding to 03/11/2019 G.

Current Fund Board Members of Ashmore GCC Diversified Trade Fund are:
1- Abdullah Bakhrebah (Chairman - Non-Independent Member)
2- Khalid Mohammed Al Hukail (Independent Member)
3- Mohammad Saad Almuhanna (Independent Member)

 

5 August 2019:

Ashmore Investment Saudi Arabia Announces the Availability of Ashmore GCC Diversified Trade Fund's Semi-Annual Reports Including (Unaudited) Financial Statements for the Period Ended 30/06/2019 to the Public.

Ashmore Investment Saudi Arabia announces the availability of the semi-annual reports. The following is a summary of the semi-annual financial results for the period ended 30/06/2019: 

- Net assets at the end of the period: 588,940,827 Saudi Riyals.

- Total expenses and fees for the period: 1,556,842 Saudi Riyals.

- Net profit for the period: 8,310,918 Saudi Riyals.

- The number of units at the end of the period: 53,528,634 units.

- Net Asset Value per unit is 11.0027 Saudi Riyals.

- Return for the period: 1.72%.

 

8 April 2019:

Ashmore Investment Saudi Arabia Announces the Annual Report Of Ashmore GCC Diversified Trade Fund, including the Audited Annual Financial Results for The Fiscal Year Ended 31/12/2018.

Ashmore Saudi Investment Saudi Arabia announces the annual audited results of the Fund. The following is a summary of the annual financial results for the financial year ended 31/12/2018:

- Net asset value at the end of the year: SR 406,785,391

- Total expenses and fees at the end of the year: SR 3,243,896

- Net profit at the end of the year: SR 15,350,985

- Issued units: SR 37,585,484

- Net asset value per unit: SR 10.8171

- Net return: 3.10 %

 

19 November 2018:

Ashmore Investment Saudi Arabia announces the details of notifiable changes in Ashmore GCC Diversified Trade Fund. The changes will be effective on 12/3/1440 H corresponding to 20/11/2018 G. The details of notifiable changes are as follows:

1. Amending the types of securities in which the fund will mainly invest in: from investing mainly in the short-term Sharia-compliant money market instruments to invest mainly in Shariah-compliant money market instruments.

2. Amending the upper limit of the investment concentration policy in a given geographical area from 50% to 60% for any GCC country.

 

14 August 2018:

Ashmore Investment Saudi Arabia announces the availability of Ashmore GCC Diversified Trade Fund's Semi-Annual Reports including (Unaudited) Financial Statements for the Period Ended 30/06/2018 to the public.

Ashmore Investment Saudi Arabia announces the availability of the semi-annual reports. The following is a summary of the semi-annual financial results for the period ended 30/06/2018:

- Net assets at the end of the period: SR 540,734,884.

- Total expenses and fees for the period: SR 1,551,011.

- Net profit for the period: SR 6,742,113.

- The number of units at the end of the period: 50,802,070 units.

- Net Asset Value per unit: SR 10.6452.

- Return for the period: 1.5%.

 

2 April 2018:

Ashmore Investment Saudi Arabia Announces the Annual Report Of Ashmore GCC Diversified Trade Fund, including the Audited Annual Financial Results for The Fiscal Year Ended 31/12/2017.

Ashmore Saudi Investment Saudi Arabia announces the annual audited results of the Fund. The following is a summary of the annual financial results for the financial year ended 31/12/2017:

- Net asset value at the end of the year: SR 368,849,266

- Total expenses and fees at the end of the year: SR 1,267,645

- Net profit at the end of the year: SR 5,497,536

- Issued units: SR 35,154,757.052

- Net asset value per unit: SR 10.4922

- Net return: 3.22%

 

28 March 2018:

Ashmore Investment Saudi Arabia announces an update of the Terms and Conditions of Ashmore GCC Diversified Trade Fund.

Ashmore Investment Saudi Arabia announces an update of the Terms and Conditions of Ashmore GCC Diversified Trade Fund as of 09/07/1439 H corresponding to 26/03/2018G. The updated terms and conditions can be viewed through the following link.

Ashmore Investment Saudi Arabia Announces an Update of Information Memorandum and Key Information Summary of Ashmore GCC Diversified Trade Fund

Ashmore Investment Saudi Arabia announces an update of the Information Memorandum and Key Information Summary of Ashmore  GCC Diversified Trade Fund as 09/07/1439 H corresponding to 26/03/2018G. The updated Information Memorandum and Key Information Summary can be viewed through the following link.

 

18 January 2018:

Ashmore Investment Saudi Arabia announces a change in the Fund Board of Ashmore GCC Diversified Trade Fund.

Ashmore Investment Saudi Arabia announces a change in the Fund Board of Ashmore GCC Diversified Trade Fund due to appointment of  Mr. Mohammad Saad AlMuhanna as an Independent Member as of 1/05/1439 H corresponding to 18/01/2018.

Current Fund Board Members of Ashmore GCC Diversified Trade Fund are:
1- Saleh K. Aldahmashi (Chairman - Non-Independent Member)
2- Khalid Mohammed Al Hukail (Independent Member)
3- Mohammad Saad Almuhanna (Independent Member)

 

01 January 2018:

Ashmore GCC Diversified Trade Fund announces the resignation of one of the Board members, Mr. Saleh Abdullah Alawwad.

Ashmore GCC Diversified Trade Fund announces the resignation of one of the Board members, Mr. Saleh Abdullah Alawwad, from his position based on his request on 01/01/2018.

24 March 2025:

Announcement by Ashmore Investment Saudi Arabia that Ashmore Saudi Equity Fund's annual reports, including the annual audited financial statements, for the period ended on 31/12/2024 are available to the public.

Ashmore Investment Saudi Arabia announces that Ashmore Saudi Equity Fund's annual reports, including the annual audited financial statements, for the period ended on 31/12/2024:

  • Net asset on the end of period of:  Class A: 8,669,486 SAR , Class B: 68,380,736 SAR
  • Total expenses and fees for the year/period: 694,870   SAR.
  • Net profit (loss) for the year/period of: 4,705,987 SAR. 
  • Number of outstanding units at the end of period: Class A: 288,495 units. Class B: 2,245,075 units.
  • Net asset value for the unit in:  Class A: 30.05  SAR , Class B: : 30.46 SAR. 
  • Revenue for the period  Class A: 8.97%.  Class B: 9.53%

 

9 December 2024

Announcement by Ashmore Investment Saudi Arabia regarding an update of the terms and conditions of ASHMORE SAUDI EQUITY FUND - Class (A)

Ashmore Saudi Investment Saudi Arabia announces an update of the terms and conditions of ASHMORE Saudi Equity Fund - Class (A), as of 07/06/1446 corresponding to 08/12/2024. 

A summary of the main updated items are as follows:

  • Added financial statements preparation fees of 0.005% of the fund’s total size, with a minimum of $1,000 and a maximum of $4,000, plus VAT.
  • Change the Tax Auditor and accordingly changing the fees: the fees include a one-time account setup fee of 500 SAR, payable upon account creation. Annual tax statement preparation fees are 2,900 SAR. 
  • According to the above changes, the table that shows the percentage of the fund expenses against the total fund asset value has been amended, and the table of example that illustrates all fees, charges and expenses has been amended

The updated terms and conditions can be found in the attached file.

 

Announcement by Ashmore Investment Saudi Arabia regarding an update of the terms and conditions of ASHMORE SAUDI EQUITY FUND - Class (B)

Ashmore Saudi Investment Saudi Arabia announces an update of the terms and conditions of ASHMORE Saudi Equity Fund - Class (B), as of 07/06/1446 corresponding to 08/12/2024. 

A summary of the main updated items are as follows:

  • Added financial statements preparation fees of 0.005% of the fund’s total size, with a minimum of $1,000 and a maximum of $4,000, plus VAT.
  • Change the Tax Auditor and accordingly changing the fees: the fees include a one-time account setup fee of 500 SAR, payable upon account creation. Annual tax statement preparation fees are 2,900 SAR. 
  • According to the above changes, the table that shows the percentage of the fund expenses against the total fund asset value has been amended, and the table of example that illustrates all fees, charges and expenses has been amended

The updated terms and conditions can be found in the attached file.

 

21 November 2024

Announcement by Ashmore Investment Saudi Arabia regarding the Details of Non-Fundamental Changes of ASHMORE SAUDI EQUITY FUND - Class (A)

Ashmore Saudi Investment Saudi Arabia announces the approval of the Fund`s Board of Directors of a non-fundamental change to Ashmore Saudi Equity Fund - Class (A), such changes will become effective on 07/06/1446 corresponding to 08/12/2024.

The details of the non-fundamental change are as follows:

  • Added financial statements preparation fees of 0.005% of the fund’s total size, with a minimum of $1,000 and a maximum of $4,000, plus VAT.
  • Change the Tax Auditor and accordingly changing the fees: the fees include a one-time account setup fee of 500 SAR, payable upon account creation. Annual tax statement preparation fees are 2,900 SAR, plus VAT.
  • According to the above changes, the table that shows the percentage of the fund expenses against the total fund asset value has been amended, and the table of example that illustrates all fees, charges and expenses has been amended

“Unitholders have the right to redeem their units before any non-fundamental change is effective; without incurring any redemption fees”.

 

Announcement by Ashmore Investment Saudi Arabia regarding the Details of Non-Fundamental Changes of ASHMORE SAUDI EQUITY FUND - Class (B)

Ashmore Saudi Investment Saudi Arabia announces the approval of the Fund`s Board of Directors of a non-fundamental change to Ashmore Saudi Equity Fund - Class (B), such changes will become effective on 07/06/1446 corresponding to 08/12/2024.

The details of the non-fundamental change are as follows:

  • Added financial statements preparation fees of 0.005% of the fund’s total size, with a minimum of $1,000 and a maximum of $4,000, plus VAT.
  • Change the Tax Auditor and accordingly changing the fees: the fees include a one-time account setup fee of 500 SAR, payable upon account creation. Annual tax statement preparation fees are 2,900 SAR, plus VAT.
  • According to the above changes, the table that shows the percentage of the fund expenses against the total fund asset value has been amended, and the table of example that illustrates all fees, charges and expenses has been amended

“Unitholders have the right to redeem their units before any non-fundamental change is effective; without incurring any redemption fees”.

 

8 August 2024:

Announcement by (Ashmore Investment Saudi Arabia) for providing the public with the interim financial statements of (Ashmore Saudi Equity Fund) for the period ending on 30/06/2024 are available to the public.

“(Ashmore Investment Saudi Arabia) announces that the interim financial statements of (Ashmore Saudi Equity Fund) for the period ending on 30/06/2024. The following is the summary of the interim financial results of the period: 

  • Net assets on the end of period of 36,240,326 (SAR). 
  • Total expenses and fees for the period 331,334 (SAR). 
  • Net profit (loss) for the period of 3,867,116 (SAR). 
  • Number of outstanding units in the end of period class (A) 457,569 (units). 
  • Net asset value for the unit class (A) 29.5887 (SAR) 
  • Revenue of the period class (A) 7.29%.
  • Number of outstanding units in the end of period class (B) 758,945 (units). 
  • Net asset value for the unit class (B) 29.9118 (SAR) 
  • Revenue of the period class (B) 7.57%.

 

13 June 2024:

Announcement by Ashmore Investment Saudi Arabia regarding an update of the terms and conditions of Ashmore Saudi Equity Fund – Class (A)

Ashmore Saudi Investment Saudi Arabia announces an update of the terms and conditions of Ashmore Saudi Equity Fund - Class (A) , as of 07/12/1445 corresponding to 13/06/2024. As summary of the main updated items are as follows:

  • 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.

 

Announcement by Ashmore Investment Saudi Arabia regarding an update of the terms and conditions of Ashmore Saudi Equity Fund – Class (B)

Ashmore Saudi Investment Saudi Arabia announces an update of the terms and conditions of Ashmore Saudi Equity Fund - Class (B) , as of 07/12/1445 corresponding to 13/06/2024. As summary of the main updated items are as follows:

  • 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.

 

30 May 2024:

Announcement by Ashmore Investment Saudi Arabia regarding the details of non-fundamental changes to Ashmore Saudi Equity Fund – Class (A)

Ashmore Saudi Investment Saudi Arabia announces the approval of the Fund`s Board of Directors of a non-fundamental changes to Ashmore Saudi Equity Fund - Class (A) , such changes will become effective on 07/12/1445 corresponding to 13/06/2024. 

The details of the non-fundamental changes are as follows:

  • 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.

 

Announcement by Ashmore Investment Saudi Arabia regarding the details of non-fundamental changes to Ashmore Saudi Equity Fund –Class (B)

Ashmore Saudi Investment Saudi Arabia announces the approval of the Fund`s Board of Directors of a non-fundamental changes to Ashmore Saudi Equity Fund - Class (B) , such changes will become effective on 07/12/1445 corresponding to 13/06/2024. 

The details of the non-fundamental changes are as follows:

  • 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.

 

31 March 2024:

Announcement by Ashmore Investment Saudi Arabia that Ashmore Saudi Equity Fund's annual reports, including the annual audited financial statements, for the period ended on 31/12/2023 are available to the public.

Ashmore Saudi Investment Saudi Arabia announces that Ashmore Saudi Equity Fund's annual reports, including the annual audited financial statements, for the period ended on 31/12/2023:

  • Net asset on the end of period of:  Class A: 10,225,342  SAR , Class B: 36,651,334 SAR
  • Total expenses and fees for the year/period: 561,680   SAR.
  • Net profit (loss) for the year/period of: 8,526,032  SAR. 
  • Number of outstanding units at the end of period: Class A: 370,790  units. Class B: 1,318,072  units.
  • Net asset value for the unit in:  Class A: 27.57  SAR , Class B: : 27.80 SAR. 
  • Revenue for the period  Class A: 21.62%.  Class B: 22.25%

 

15 January 2024:

Announcement by Ashmore Investment Saudi Arabia regarding an update of the terms and conditions of Ashmore Saudi Equity Fund

Ashmore Saudi Investment Saudi Arabia announces an update of the terms and conditions of Ashmore Saudi Equity Fund as of 03/07/1445 corresponding to 15/01/2024. A summary of the main updated items are as follows:

  • Adding Tax Auditor fees to implement the rules for collecting zakat from investors in investment funds.
  • Based on the above item, the hypothetical table has been updated, that shows the percentage of the fund expenses against the total fund asset value for the fund and the unitholder throughout the lifespan of the fund, and the hypothetical example that illustrates all fees, charges and expenses, paid from the fund's assets or unitholders based on the currency of the fund.
  • Change in auditor service provider.

The updated terms and conditions can be found in the attached file.

 

2 January 2024:

Announcement by Ashmore Investment Saudi Arabia regarding the details of non-fundamental changes to  Ashmore Saudi Equity Fund

Ashmore Saudi Investment Saudi Arabia announces the approval of the Fund`s Board of Directors of a non-fundamental changes to Ashmore Saudi Equity Fund, such changes will become effective on 03/07/1445 corresponding to 15/01/2024. The details of the non-fundamental changes are as follows:

  • Adding Tax Auditor fees to implement the rules for collecting zakat from investors in investment funds.
  •  Based on the above item, the hypothetical table has been updated, that shows the percentage of the fund expenses against the total fund asset value for the fund and the unitholder throughout the lifespan of the fund, and the hypothetical example that illustrates all fees, charges and expenses, paid from the fund's assets or unitholders based on the currency of the fund.
  •  Change in auditor service provider.

 

1 November 2023:

Announcement by Ashmore Investment Saudi Arabia regarding an update of the terms and conditions of Ashmore Saudi Equity Fund

Ashmore Saudi Investment Saudi Arabia announces an update of the terms and conditions of Ashmore Saudi Equity Fund as of 16/04/1445 corresponding to 31/10/2023. A summary of the main updated items are as follows:

Clarification of the rules for collecting zakat from investors in investment funds

The updated terms and conditions can be found in the attached file.

 

18 October 2023:

Announcement by Ashmore Investment Saudi Arabia regarding the details of non-fundamental changes to Ashmore Saudi Equity Fund

Ashmore Saudi Investment Saudi Arabia announces the approval of the Fund`s Board of Directors of a non-fundamental changes to Ashmore Saudi Equity Fund, such changes will become effective on 16/04/1445 corresponding to 31/10/2023.

The details of the non-fundamental changes are as follows:

Clarification of the rules for collecting zakat from investors in investment funds

 

10 August 2023:

Announcement by (Ashmore Investment Saudi Arabia) for providing the public with the interim financial statements of (Ashmore Saudi Equity Fund) for the period ending on 30/06/2023 are available to the public".

“(Ashmore Investment Saudi Arabia) announces that the interim financial statements of (Ashmore Saudi Equity Fund) for the period ending on 30/06/2023. The following is the summary of the interim financial results of the period: 

  • Net assets on the end of period of 43,462,696 (SAR). 
  • Total expenses and fees for the period 264,367 (SAR). 
  • Net profit (loss) for the period 5,031,244 (SAR). 
  • Number of outstanding units in the end of period class (A) 96,735 (units). 
  • Net asset value for the unit class (A) 25.58 (SAR) 
  • Revenue of the period class (A) 12.68%. 
  • Number of outstanding units in the end of period class (B) 1,593,447 (units). 
  • Net asset value for the unit class (B) 25.72 (SAR) 
  • Revenue of the period class (B) 12.95%. 

 

30 Mar 2022:

Announcement by Ashmore Investment Saudi Arabia that Ashmore Saudi Equity Fund's annual reports, including the annual audited financial statements, for the period ended on 31/12/2022 are available to the public.

Ashmore Saudi Investment Saudi Arabia announces that Ashmore Saudi Equity Fund's annual reports, including the annual audited financial statements, for the period ended on 31/12/2022:

  • Net asset on the end of period of:  38,572,835 SAR. 
  • Total expenses and fees for the year/period: 634,137 SAR. 
  • Net profit (loss) for the year/period of: 1,915,639 SAR. 
  • Number of outstanding units at the end of period: Class A: 291,459 units. Class B: 1,405,304 units.
  • Net asset value for the unit in:  Class A: 22.67 SAR , Class B: 22.75 SAR. 
  • Revenue for the period (4.98 )%.

 

16 Aug 2022:

Announcement by (Ashmore Investment Saudi Arabia) for providing the public with the interim financial statements of (Ashmore Saudi Equity Fund) for the period ending on 30/06/2022 are available to the public".

“(Ashmore Investment Saudi Arabia) announces that the interim financial statements of (Ashmore Saudi Equity Fund) for the period ending on 30/06/2022. The following is the summary of the interim financial results of the period:

  • Net assets on the end of period of 40,294,980 (SAR).
  • Total expenses and fees for the period 355,554 (SAR).
  • Net profit (loss) for the period 3,623,475(SAR).
  • Number of outstanding units in the end of period class (A) 71,565 (units).
  • Net asset value for the unit class (A) 23.73(SAR)
  • Revenue of the period class (A) 11.64 %.
  • Number of outstanding units in the end of period class (B) 1,625,328 (units).
  • Net asset value for the unit class (B) 23.75(SAR)
  • Revenue of the period class (B) 11.69%.

 

28 Apr 2022:

Announcement by Ashmore Investment Saudi Arabia regarding a fundamental change to Ashmore Saudi Equity Fund.

Ashmore Saudi Investment Saudi Arabia announces the approval of the unitholders and the Capital Market Authority of a fundamental change to Ashmore Saudi Equity Fund, such change will become effective on ( 17/10/1443H),corresponding to (19/05/2022G).

The details of the fundamental change are as follows:
(Introducing a new unit class to the fund where the management fees are 1,25 for class A and 0,80 for class B )

 

14 Apr 2022:

-The title of Announcement

‘’Announcement by Ashmore Investment Saudi Arabia for the availability of the quarterly statement of Ashmore Saudi Equity Fund for the period ending on 31/03/2022.

 

-The Detailed Announcement

‘’Ashmore Investment Saudi Arabia announces that the quarterly statement of Ashmore Saudi Equity Fund for the period ending on 31/03/2022. A copy of the quarterly statement can be found in the attachments’’

 

31 Mar 2022

Announcement by Ashmore Investment Saudi Arabia that Ashmore Saudi Equity Fund's annual reports, including the annual audited financial statements, for the period ended on 31/12/2021 are available to the public.

Ashmore Saudi Investment Saudi Arabia announces that Ashmore Saudi Equity Fund's annual reports, including the annual audited financial statements, for the period ended on 31/12/2021:

  • Net asset on the end of period of: 36,547,068 SAR.
  • Total expenses and fees for the year/period: 597,240 SAR.
  • Net profit (loss) for the year/period of: 11,320,855 SAR.
  • Number of outstanding units at the end of period: 1,692,107 units.
  • Net asset value for the unit in: 21.5986 SAR.
  • Revenue for the period (44.88)%.

 

04 May 2021:

Ashmore Investment Saudi Arabia announces the update of terms and conditions of Ashmore Saudi Equity Fund from (04/05/2021). Details may be found in the fund documents.

 

12 April 2021:

Ashmore investment saudi arabia announces the availability of ashmore saudi equity fund's annual report including (aaudited) financial statements for the period ended 31/12/2020 to the public.

Ashmore Saudi Investment Saudi Arabia announces the availability of the annual report. The following is a summary of the annual financial results for the financial period ended 31/12/2020: - Net asset value at the end of the period: SR 25,226,213. - Total expenses and fees for the period: SR 443,761. - Net loss for the period: SR 2,455,544. - Issued units: SR 1,692,107. - Net asset value per unit: SR 14.9082. Return for the period (%10.78).

 

24 August 2020:

Ashmore investment saudi arabia announces the availability of ashmore saudi equity fund's semi-annual reports including (unaudited) financial statements for the period ended 30/06/2020To the public.

Ashmore Saudi Investment Saudi Arabia announces the availability of the semi-annual reports. The following is a summary of the semi-annual financial results for the financial period ended 30/06/2020: - Net asset value at the end of the period: SR 20,659,164. - Total expenses and fees for the period: SR 208,494. - Net loss for the period: SR 2,111,505. - Issued units: SR 1,692,107. - Net asset value per unit: SR 12.2091. Return for the period (%9.27-).

 

15 June 2020:

Ashmore Investment Saudi Arabia announces a change in the Fund Board of Ashmore Saudi Equity Fund.

Ashmore Investment Saudi Arabia announces a change in the Fund Board of Ashmore Saudi Equity Fund due to the resignation of  Mr.  Abdullah Bakhrebah (Non- Independent Member) as of 23/10/1441 H corresponding to 14/06/2020 G. Current Fund Board Members of Ashmore Saudi Equity Fund are: 1- Khalid Mohammed Al Hukail (Independent Member) 2- Mohammad Saad Almuhanna (Independent Member)

 

 

18 May 2020:

Ashmore Investment Saudi Arabia Announces an Update of Information Memorandum and Key Information Summery of Ashmore Saudi Equity Fund

Ashmore Investment Saudi Arabia announces an update of the Information Memorandum and Key Information Summery of Ashmore Saudi Equity Fund as of 25/09/1441 H corresponding to 18/05/2020 G. The updated Information Memorandum and Key Information Summery can be viewed through the following link.

 

1 May 2020:

Ashmore Investment Saudi Arabia Announces the Annual Report for Ashmore Saudi Equity Fund, including the Annual Audited Financial Results for the Fiscal Year Ended 31/12/2019.

Ashmore Saudi Investment Saudi Arabia announces the annual audited results of the Fund. The following is a summary of the annual financial results for the financial year ended 31/12/2019:

- Net asset value at the end of the year: SR 22,770.668

- Total expenses and fees at the end of the year: SR 544,226

- Net profit at the end of the year: SR 5,932,003

- Issued units: SR 1,692,107.345

- Net asset value per unit: SR 13.4396

- Net return: 23.09%

 

4 November 2019:

Ashmore Investment Saudi Arabia announces a change in the Fund Board of Ashmore Saudi Equity Fund.

Ashmore Investment Saudi Arabia announces a change in the Fund Board of Ashmore Saudi Equity Fund due to the resignation of  Mr. Saleh aldahmashi (Non- Independent Member) and the appointment of Mr. Abdullah Bakhrebah (Non- Independent Member) as of 06/03/1441 H corresponding to 03/11/2019 G.

Current Fund Board Members of Ashmore Saudi Equity Fund are:
1- Abdullah Bakhrebah (Chairman - Non-Independent Member)
2- Khalid Mohammed Al Hukail (Independent Member)
3- Mohammad Saad Almuhanna (Independent Member)

 

5 August 2019:

Ashmore Investment Saudi Arabia Announces the Availability of Ashmore Saudi Equity Fund's Semi-Annual Reports Including (Unaudited) Financial Statements for the Period Ended 30/06/2019 to the Public.

Ashmore Investment Saudi Arabia announces the availability of the semi-annual reports. The following is a summary of the semi-annual financial results for the period ended 30/06/2019:

- Net assets at the end of the period: 32,949,147 Saudi Riyals.

- Total expenses and fees for the period: 268,054 Saudi Riyals.

- Net profit for the period: 4,758,312 Saudi Riyals.

- The number of units at the end of the period: 2,578,600 units.

- Net Asset Value per unit is 12.7779 Saudi Riyals.

- Return for the period: 16.87%.

 

8 April 2019:

Ashmore Investment Saudi Arabia Announces the Annual Report for Ashmore Saudi Equity Fund, including the Annual Audited Financial Results for the Fiscal Year Ended 31/12/2018.

Ashmore Saudi Investment Saudi Arabia announces the annual audited results of the Fund. The following is a summary of the annual financial results for the financial year ended 31/12/2018:

- Net asset value at the end of the year: SR 28,190,835

- Total expenses and fees at the end of the year: SR 739,828

- Net profit at the end of the year: SR 3,601,313

- Issued units: SR 2,578,600

- Net asset value per unit: SR 10.9326

- Net return: 14.65%

 

5 December 2018:

Ashmore Investment Saudi Arabia announces the details of notifiable changes in Ashmore Saudi Equity Fund.

Ashmore Investment Saudi Arabia announces notifiable change in Ashmore Saudi Equity Fund. The changes will be effective on 25/04/1440 H corresponding to 01/01/2019. In addition, the details of notifiable changes are as the following:

1- Amending custodian fees from 0.10% per annum of net asset value in the Fund with a minimum of SAR 11,250.00, to be 0.075% per annum of net asset value in the Fund with waiving the minimum fee.

2- Amending administrator fees from 0.06% per annum of the net asset value of the Fund to a minimum of SAR 11,250.00, to be 0.045% per annum of the net asset value of the Fund with waiving the minimum fee.

3- Amending transactions fees from SAR 140.63 for each sell or buy trade to be SAR 131.25 for each sell or buy trade.

 

14 August 2018:

Ashmore Investment Saudi Arabia announces the availability of Ashmore Saudi Equity Fund's Semi-Annual Reports including (Unaudited) Financial Statements for the Period Ended 30/06/2018 to the public.

Ashmore Investment Saudi Arabia announces the availability of the semi-annual reports. The following is a summary of the semi-annual financial results for the period ended 30/06/2018:

- Net assets at the end of the period: SR 29,369,586.

- Total expenses and fees for the period: SR 370,246.

- Net profit for the period: SR 4,781,209.

- The number of units at the end of the period: 2,578,600 units.

- Net Asset Value per unit: SR 11.3897.

- Return for the period: 19.4%.

 

2 April 2018:

Ashmore Investment Saudi Arabia Announces the Annual Report for Ashmore Saudi Equity Fund, including the Annual Audited Financial Results for the Fiscal Year Ended 31/12/2017.

Ashmore Saudi Investment Saudi Arabia announces the annual audited results of the Fund. The following is a summary of the annual financial results for the financial year ended 31/12/2017:

- Net asset value at the end of the year: SR 24,588,377

- Total expenses and fees at the end of the year: SR 592,588

- Net profit at the end of the year: SR 78,352

- Issued units: SR 2,578,600.732

- Net asset value per unit: SR 9.5355

- Net return: -0.82%

 

12 March 2018:

Ashmore Investment Saudi Arabia announces an update of the Terms and Conditions of Ashmore Saudi Equity Fund.

Ashmore Investment Saudi Arabia announces an update of the Terms and Conditions of Ashmore Saudi Equity Fund as of 18/06/1439 H corresponding to 06/03/2018 G . The updated terms and conditions can be viewed through the following link.

Ashmore Investment Saudi Arabia announces an update of the Information Memorandum and Key Information Summary of Ashmore Saudi Equity Fund.

Ashmore Investment Saudi Arabia announces an update of the Information Memorandum and Key Information Summary of Ashmore Saudi Equity Fund as of 18/06/1439 H corresponding to 06/03/2018 G. The updated Information Memorandum and Key Information Summery can be viewed through the following link.

 

18 January 2018:

Ashmore Investment Saudi Arabia announces a change in the Fund Board of Ashmore Saudi Equity Fund.

Ashmore Investment Saudi Arabia announces a change in the Fund Board of Ashmore Saudi Equity Fund due to appointment of  Mr. Mohammad Saad AlMuhanna as an Independent Member as of 1/05/1439 H corresponding to 18/01/2018.

Current Fund Board Members of Ashmore Saudi Equity Fund are:
1- Saleh K. Aldahmashi (Chairman - Non-Independent Member)
2- Khalid Mohammed Al Hukail (Independent Member)
3- Mohammad Saad Almuhanna (Independent Member)

 

01 January 2018:

Ashmore Saudi Equity Fund announces the resignation of the Board Member, Mr. Saleh Abdullah Alawwad.

Ashmore Saudi Equity Fund announces the resignation of the Board Member, Mr. Saleh Abdullah Alawwad, from his position based on his request on 01/01/2018.

 

Ashmore IPO Fund

6 November 2018:

Ashmore Saudi Investment Saudi Arabia announces the termination of Ashmore IPO Fund and the duration of its liquidation.
Ashmore Saudi Investment Saudi Arabia announces the termination of Ashmore IPO Fund on 11/11/2018 G. The fund will be liquidated and the investment amounts will be distributed to the unitholders within one month from the termination of the fund.

 

14 August 2018:

Ashmore Investment Saudi Arabia announces the availability of Ashmore IPO Fund's Semi-Annual Reports including (Unaudited) Financial Statements for the Period Ended 30/06/2018 to the public.

Ashmore Investment Saudi Arabia announces the availability of the semi-annual reports. The following is a summary of the semi-annual financial results for the period ended 30/06/2018:

- Net assets at the end of the period: SR 9,821,581.

- Total expenses and fees for the period: SR 349,235.

- Net loss for the period: SR 199,708.

- The number of units at the end of the period: 1,163,122 units.

- Net Asset Value per unit: SR 8.4442.

- Return for the period: -2.7%.

 

2 April 2018:

Ashmore Investment Saudi Arabia Announces the Annual Report for Ashmore IPO Fund, including The Annual Audited Financial Results for The Fiscal Year Ended 31/12/2017.

Ashmore Saudi Investment Saudi Arabia announces the annual audited results of the Fund. The following is a summary of the annual financial results for the financial year ended 31/12/2017:

- Net asset value at the end of the year: SR 19,592,686

- Total expenses and fees at the end of the year: SR 919,764

- Net loss at the end of the year: SR 4,544,180

- Issued units: SR 2,257,622.93

- Net asset value per unit: SR 8.6785

- Net return: -11.55 %

 

12 March 2018:

Ashmore Investment Saudi Arabia announces an update of the Terms and Conditions of Ashmore IPO Fund.

Ashmore Investment Saudi Arabia announces an update of the Terms and Conditions of Ashmore IPO Fund as of11/06/1439 H corresponding to 27/02/2018 G. The updated terms and conditions can be viewed through the following link.

Ashmore Investment Saudi Arabia announces an update of the Information Memorandum and Key Information Summary of Ashmore IPO Fund.

Ashmore Investment Saudi Arabia announces an update of the Information Memorandum and Key Information Summary of Ashmore IPO Fund as of 11/06/1439 H corresponding to 27/02/2018 G. The updated Information Memorandum and Key Information Summery can be viewed through the following link.

 

18 January 2018:

Ashmore Investment Saudi Arabia announces a change in the Fund Board of Ashmore IPO Fund.

Ashmore Investment Saudi Arabia announces a change in the Fund Board of Ashmore IPO Fund due to appointment of  Mr. Mohammad Saad AlMuhanna as an Independent Member as of 1/05/1439 H corresponding to 18/01/2018.

Current Fund Board Members of Ashmore IPO Fund are:
1- Saleh K. Aldahmashi (Chairman - Non-Independent Member)
2- Khalid Mohammed Al Hukail (Independent Member)
3- Mohammad Saad Almuhanna (Independent Member)

 

01 January 2018:

Ashmore IPO Fund announces the resignation of the Board Member, Mr. Saleh Abdullah Alawwad.

Ashmore IPO Fund announces the resignation of the Board Member, Mr. Saleh Abdullah Alawwad, from his position based on his request on 01/01/2018.

12 December 2024

Announcement by Ashmore Investment Saudi Arabia regarding the results of the initial public offer of Ashmore Saudi Sharia Equity Fund

Ashmore Saudi Investment Saudi Arabia announces the end of the offer period of Ashmore Saudi Sharia Equity Fund according to the following:

  • The Fund’s Name: Ashmore Saudi Sharia Equity Fund
  • The date of the end of the offering: 01/12/2024
  • The collected amounts (in SR.): 11,595,600.51 SR.
  • Date of Fund operation: According to the terms and conditions, the fund's operation date is after the closing of the offering period.