Fund announcements

16 March 2026:

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 31/12/2025are 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 31/12/2025:

  • Net asset on the end of period of:  Class A: 245,830,513 SAR, Class B: 28,571,931 SAR
  • Total expenses and fees for the year/period: 1,810,133 SAR.
  • Net profit (loss) for the year/period of: 12,017,511 SAR.
  • Number of outstanding units at the end of period: Class A: 19,172,223 units. Class B: 2,198,757 units.
  • Net asset value for the unit in:  Class A: 12.8222 SAR, Class B:  12.9946SAR.
  • Revenue for the period Class A: 4.44% Class B: %5.05

 

11 August 2025:

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 30/06/2025 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 30/06/2025. The following is the summary of the interim financial results of the period:

  • Net assets on the end of period of 283,985,468 (SAR).
  • Total expenses and fees for the period 878,201 (SAR).
  • Net profit (loss) for the period of 5,638,126 (SAR).
  • Number of outstanding units in the end of period class (A) 19,840,085 (units).
  • Net asset value for the unit class (A) 12.53 (SAR)
  • Revenue of the period class (A) 2.08%
  • Number of outstanding units in the end of period class (B) 2,791,103 (units).
  • Net asset value for the unit class (B) 12.66 (SAR)  
  • Revenue of the period class (B) 2.37%

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.

Date: 11/08/1447H

Corresponding to: 30/03/2026

Notification to Unitholders of Non-material Changes to the Ashmore Saudi Equity Fund T&Cs

To: Dear Unitholders

Peace, mercy and blessings of Allah be upon you.

Subject: Notice of Non-Fundamental Changes to the Terms and Conditions of the Ashmore Saudi Equity Fund

Fund Name: Ashmore Saudi Equity Fund

We would like to inform you of our intention to amend the Terms and Conditions of the Ashmore Saudi Equity Fund. The table below sets out the current wording, the proposed wording, and the rationale for each change.

ChangeCurrentProposedReason
Certain figures and dates on the cover page were amended.CMA Board Resolution No. 2-22-2021 dated 12/07/1442H, corresponding to 24/02/2021.CMA Board Resolution No. 1-135-2025 dated 03/06/1447H, corresponding to 24/11/2025.Pursuant to the Investment Funds Regulations.
The date of the latest update to the Terms and Conditions on the cover page was amended.Date: 19/05/1446H, corresponding to 21/11/2024. And Date: 19/05/1446H, corresponding to 21/11/2024.Date: 23/08/1447H, corresponding to 11/02/2026. And Date: 23/08/1447H, corresponding to 11/02/2026.Data update.
Certain phrases and terms in the Glossary were amended and added under the section "Fund Operator".A capital market institution appointed by the Fund Manager to provide administrative services to the Fund, including arranging the calculation of asset values and fees and implementing the Fund Manager's decisions relating to uninvested cash amounts, and refers to HSBC Saudi Arabia.A capital market institution appointed by the Fund Manager to operate the investment fund and provide administrative services to the Fund, including arranging the calculation of asset values and fees and implementing the Fund Manager's decisions relating to uninvested cash amounts, and licensed to conduct investment management and fund operation activities, and refers to HSBC Saudi Arabia.Data update.
Certain phrases and terms in the Glossary were amended and added under the section "Custodian".A capital market institution appointed by the Fund Manager to carry out custody of securities and referring to HSBC Saudi Arabia.A capital market institution appointed by the Fund Manager to carry out custody of securities, licensed to conduct securities custody activities, and referring to HSBC Saudi Arabia.Data update.
Certain phrases and terms in the Glossary were amended and added under the section "Unitholder / Subscribers".Means the owner of units in the Fund.Means the owner of units in the Fund, which represent an undivided interest in the Fund's net assets.Data update.
Certain phrases and terms in the Glossary were amended and added under the section "Regulations".Means the Investment Funds Regulations issued by the CMA Board pursuant to Resolution No. 1-219-2006 dated 03/12/1427H, corresponding to 24/12/2006, as amended by CMA Board Resolution No. 2-22-2021 dated 12/07/1442H, corresponding to 24/02/2021.Means the Investment Funds Regulations issued by the CMA Board pursuant to Resolution No. 1-219-2006 dated 03/12/1427H, corresponding to 24/12/2006, as amended by CMA Board Resolution No. 1-135-2025 dated 03/06/1447H, corresponding to 24/11/2025.Pursuant to the Investment Funds Regulations.
Certain phrases and terms in the Glossary were amended and added under the section "Unit".Means the units owned by the Fund's unitholders, constituting an undivided ownership interest in the Fund's assets.Means the interest of any owner in the Fund and consists of units or fractions thereof, and each unit is treated as representing an undivided ownership interest in the Fund's net assets.Data update.
Certain phrases and terms in the Summary of Key Information for the Fund were amended and added under the section "Fund commencement date".Fund start dateFund operation dateData update.
Certain phrases and terms in the Summary of Key Information for the Fund were amended and added under the section "Date of issuance of the Terms and Conditions and latest update".The Terms and Conditions of the Fund were issued on 23/02/1436H, corresponding to 15/12/2014, and were last updated on 19/05/1446H, corresponding to 21/11/2024.The Terms and Conditions of the Fund were issued on 23/02/1436H, corresponding to 15/12/2014, and were last updated on 23/08/1447H, corresponding to 11/02/2026.Data update.
Certain phrases and terms in the Summary of Key Information for the Fund were amended and added under the section "Performance fee (if any)".NoneNot applicableData update.
Section 1-2 was amended.Date: 22/11/1445H, corresponding to 30/05/2024.Date: 23/08/1447H, corresponding to 11/02/2026.Data update.
Section 3-2 was amended.2-33-2Information update.
Section 3-5 was added.NoneStatement of the credit rating of the Fund's investments (where applicable): Not applicable.Pursuant to the Investment Funds Regulations.
Section 3-6 was added.NoneStatement of the maximum percentage of unrated investments and any other restrictions related to credit rating (where applicable): Not applicable.Pursuant to the Investment Funds Regulations.
Section 3-5 was amended.3-53-7Information update.
Section 3-6 was amended.3-63-8Information update.
Section 3-7 was amended.3-73-9Information update.
Section 3-8 was amended.3-83-10Information update.
Section 3-9 was amended.3-93-11Information update.
Section 3-10 was amended.3-103-12Information update.
Section 3-11 was amended.3-113-13Information update.
Section 3-12 was amended.3-123-14Information update.
Section 3-13 was amended.3-133-15Information update.
Section 3-14 was amended.3-14 The S&P Saudi Arabia Total Return Index will be used, and investors may obtain full information on the benchmark from the S&P Dow Jones website at https://www.spglobal.com/.3-16 The S&P Saudi Arabia Total Return Index will be used, and investors may obtain full information on the benchmark from the S&P Dow Jones website at https://www.spglobal.com/. The index reflects the true free-float weights of the shares and also calculates dividend returns, providing a better picture of overall return.Information update.
Section 4-14 was amended.4-143-17Information update.
Section 5-14 was amended.5-153-18Information update.
Main investment risks of the Fund, paragraph (h) "Political and/or Regulatory Risks" was amended.Political and/or regulatory risks: The Kingdom may be adversely affected by certain uncertainties such as local, domestic and international political developments, changes in government policies, tax matters, restrictions on foreign investment and currency repatriation, and other developments affecting laws and regulations in the Kingdom, which may adversely affect the Fund's investments and performance and the Fund's unitholders.Political and regulatory risks: The Kingdom may be adversely affected by certain changes such as local, domestic and international political developments. The Fund may also be exposed to risks arising from changes in applicable regulatory, legal and tax rules, or any governmental actions relating to the Fund's investments, which may adversely affect the Fund's performance.Risk redrafting.
Main investment risks of the Fund, paragraph (h) "Risks of changes in legal and regulatory legislation" was amended.Investment funds and the assets in which they invest are exposed to the risk of changes in legal and regulatory legislation, as the Fund and the investee companies operate in accordance with legal and regulatory rules and procedures issued by the competent official authorities responsible for organization, supervision and oversight, which may adversely affect the Fund's investments, performance and unitholders according to the nature of the amendments imposed on the Fund's management.Paragraph deleted.Covered by the preceding paragraph.
Main investment risks of the Fund, paragraph (h) "Borrowing risk" was amended.Where the Fund borrows for Fund management purposes, repayment of the borrowed amounts may be delayed for reasons beyond the control of the Fund Manager, which may result in late payment charges or require the Fund Manager to liquidate some investments to settle the borrowing, thereby adversely affecting the Fund's investments, performance and unitholders and negatively impacting the unit value.Paragraph deleted.The Fund does not borrow.
Main investment risks of the Fund, paragraph (h) "Conflict of interest risk" was amended.These risks arise in situations where the objectivity and independence of the Fund Manager's decision are affected by a personal pecuniary or non-pecuniary interest in conflict with the interests of the Fund, which may adversely affect the Fund's investments, performance and unitholders.Paragraph deleted.Covered by the preceding paragraph.
Section 11-11 was added.NoneStatement as to whether subscriptions may be accepted against an in-kind contribution: The Fund Manager reserves the right (without obligation) to accept subscriptions by way of in-kind contribution at its absolute discretion.Information update.
Section 21-3 was amended.Third Floor, Tower B Olaya Towers, Olaya Main StreetThird Floor, Tower B, Olaya Towers Prince Mohammed bin Abdulaziz Street, Al Olaya DistrictInformation update.
Section 21-5 was amended.Paid-up capital equals SAR 51,388,887.Paid-up capital equals SAR 55,555,550.Information update.
A new item was added under Section 21-10.NoneIssuance of a resolution by the unitholders requesting the Authority to remove the Fund Manager.Information update.
A new Section 21-11 was added.If the Authority exercises any of its powers and removes the Fund Manager, the Fund Manager must fully cooperate to facilitate the smooth transfer of responsibilities to the replacement Fund Manager during the first sixty (60) days from the appointment of the replacement Fund Manager. The removed Fund Manager shall transfer, where necessary and appropriate and at the Authority's sole discretion, to the replacement Fund Manager all contracts related to the relevant investment fund.

Any business activity or other significant interest of the members of the board of directors of the Fund Manager or of the Fund Manager itself that may conflict with the interests of the Fund. Subject to all applicable laws, regulations and rules, the unitholder accepts that the fund managers and their affiliates may, from time to time, be in the following situations, provided that supervisory measures and control procedures are implemented to limit the negative effects of conflicts of interest, including, without limitation, the application of the necessary procedures relating to the segregation of departments and teams within the Fund Manager (Chinese Wall) to limit conflicts of interest and the leakage of information, and to use best efforts to prioritize the interests of the unitholder over the interests of the Fund Manager or its affiliates:

  • holding positions in investments held, purchased and/or sold for the account of the Fund;
  • purchasing and/or selling such investments for their other clients;
  • having a business relationship with another person or persons whose investments are held, purchased and/or sold for the account of the Fund;
  • providing advisory services (including those related to mergers and acquisitions) to issuers of investments held, purchased and/or sold for the benefit of the investment funds;
  • providing advisory services to other persons (including any advisory services related to mergers and acquisitions) concerning investments held, purchased and/or sold for the benefit of the Fund or otherwise affecting those investments;
  • issuing information, including research and analysis reports or advice, to other clients or to the market generally in relation to investments held, purchased and/or sold for the benefit of the investment funds, which may affect those investments;
  • having other relationships or providing other services that may relate to investments held, purchased and/or sold for the benefit of the investment funds, or otherwise affect those investments.

If the Authority exercises any of its powers and removes the Fund Manager, the Fund Manager must fully cooperate to facilitate the smooth transfer of responsibilities to the replacement Fund Manager during the first sixty (60) days from the appointment of the replacement Fund Manager. The removed Fund Manager shall transfer, where necessary and appropriate and at the Authority's sole discretion, to the replacement Fund Manager all contracts related to the relevant investment fund. The removed Fund Manager shall not receive any fees or remuneration for managing the Fund as of the date of the Authority's decision removing it.

Information update.
Section 22-1 was amended.HSBC Saudi Arabia, CMA licence No. 37-05008, dated 05/01/2006.HSBC Saudi Arabia Company, holding CMA licence No. 37-05008, dated 05/01/2006.Information update.
Section 24-6 was amended - Ahmed Almuhaisen.Mr. Ahmed currently serves as a member of the company's board of directors, the Chief Executive Officer, Managing Director and Head of Business Development and Products at Ashmore Saudi Investment Company. Mr. Ahmed Almuhaisen has also held various positions, including Team Head in the Wealth Management Division at Banque Saudi Fransi, Executive Director of Investor Relations at Ibdar Bank Bahrain, and Senior Vice President and Institutional Investors Adviser at AlAhli Capital. Mr. Ahmed has more than ten years of experience in the investment sector and holds several professional certifications, including the Certificate in Institutional Investment Management from the Chartered Institute for Securities & Investment. He also holds a bachelor's degree in Financial Management from King Fahd University of Petroleum and Minerals.Mr. Ahmed currently serves as a member of the company's board of directors and the Chief Executive Officer and Managing Director of Ashmore Saudi Investment Company. Mr. Ahmed Almuhaisen has also held various positions, including Team Head in the Wealth Management Division at Banque Saudi Fransi, Executive Director of Investor Relations at Ibdar Bank Bahrain, and Senior Vice President and Institutional Investors Adviser at AlAhli Capital. Mr. Ahmed has more than ten years of experience in the investment sector and holds several professional certifications, including the Certificate in Institutional Investment Management from the Chartered Institute for Securities & Investment. He also holds a bachelor's degree in Financial Management from King Fahd University of Petroleum and Minerals.Information update.
Section 24-6 was amended - Ahmed Almuhaisen.1- Ashmore GCC Diversified Trading Fund. 2- Ashmore Education Sector Fund in the GCC. 3- Ashmore Short Term Fund. 4- Ashmore Saudi Equity Fund. 5- Ashmore Saudi Healthcare 1 & 2 Fund. 6- Ashmore Saudi Food Fund. 7- Ashmore Saudi Equity Shariah-Compliant Fund.1- Ashmore GCC Diversified Trading Fund. 2- Ashmore Saudi Equity Fund compliant with Shariah standards. 3- Ashmore Short Term Fund. 4- Ashmore Saudi Equity Fund. 5- Ashmore Saudi Healthcare 1 & 2 Fund. 6- Ashmore Saudi Food Fund. 7- Ashmore Saudi Equity Fund compliant with Shariah.Information update.
Section 24-6 was amended - Mohammed Al-Muhanna.1- Ashmore GCC Diversified Trading Fund. 2- Ashmore Healthcare 1 Fund. 3- Ashmore Healthcare 2 Fund.1- Ashmore GCC Diversified Trading Fund. 2- Ashmore Healthcare 1 Fund. 3- Ashmore Healthcare 2 Fund. 4- Ashmore Saudi Equity Fund compliant with Shariah standards. 5- Ashmore Saudi Equity Fund compliant with Shariah. 6- Ashmore Saudi Equity Fund.Information update.
Section 24-6 was amended - Khalid Al-Haqil.1- Ashmore GCC Diversified Trading Fund. 2- Ashmore Education Sector Fund in the GCC. 3- Ashmore Saudi Equity Fund. 4- Ashmore Short Term Fund. 5- Ashmore Saudi Food Fund. 6- Ashmore Saudi Equity Fund compliant with Shariah.1- Ashmore GCC Diversified Trading Fund. 2- Ashmore Saudi Equity Fund compliant with Shariah standards. 3- Ashmore Saudi Equity Fund. 4- Ashmore Short Term Fund. 5- Ashmore Saudi Food Fund. 6- Ashmore Saudi Equity Fund compliant with Shariah. 7- Ashmore Saudi Real Estate Income Fund 1.Information update.
Section 30 was amended.Unitholders must submit any complaints that may arise to the address of the Fund Manager, and all complaint-handling procedures shall be made available by the Fund Manager upon written request.Unitholders must submit any complaints that may arise to the address of the Fund Manager, and all complaint-handling procedures shall be made available by the Fund Manager upon written request, free of charge.Pursuant to the Investment Funds Regulations.
Section 33 was amended.I / We have read the terms and conditions of the Ashmore Investment Fund, understood and accepted them, and agreed to the characteristics of the units for which I / we subscribed.I / We have read the terms and conditions of the Ashmore Saudi Equity Fund, understood and accepted them, and agreed to the characteristics of the units for which I / we subscribed.Information update.

We also confirm that these changes require approvals from the relevant parties, and the approval of the Fund Board has been obtained.

We further confirm that the proposed changes do not conflict with the Investment Funds Regulations, the other Implementing Regulations, or any other applicable laws and regulations in the Kingdom.

Yours faithfully,

Ahmed Adnan Almuhaisen
Chief Executive Officer, Managing Director and Board Member

16 March 2026

Annual reports, including the annual audited financial statements, for the period ended on 31/12/2025 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 31/12/2025:

  • Net asset on the end of period of: Class A: 7,606,635 SAR, Class B: 63,445,193 SAR
  • Total expenses and fees for the year/period: 964,697 SAR.
  • Net profit (loss) for the year/period of: (5,597,045) SAR.
  • Number of outstanding units at the end of period: Class A: 274,234 units. Class B: 2,245,075 units.
  • Net asset value for the unit in: Class A: 27.74 SAR, Class B: 28.26 SAR.
  • Revenue for the period Class A: -7.70%. Class B: -7.22%

11 August 2025

Interim financial statements for the period ending on 30/06/2025 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 30/06/2025. The following is the summary of the interim financial results of the period:

  • Net assets on the end of period of 76,365,442 SAR.
  • Total expenses and fees for the period 479,014 SAR.
  • Net profit (loss) for the period of (774,101) SAR.
  • Number of outstanding units in the end of period class (A) 291,114 units.
  • Net asset value for the unit class (A) 29.68 SAR.
  • Revenue of the period class (A) -1.23%.
  • Number of outstanding units in the end of period class (B) 2,245,075 units.
  • Net asset value for the unit class (B) 30.16 SAR.
  • Revenue of the period class (B) -0.97%.

24 March 2025

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

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.

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

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 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.

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 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

Interim financial statements 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

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. A 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 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.

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. A 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 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

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 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.
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 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

Annual reports, including the annual audited financial statements, for the period ended on 31/12/2023 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 31/12/2023:

  • 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

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

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 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

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

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 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

Interim financial statements 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 March 2023

Annual reports, including the annual audited financial statements, for the period ended on 31/12/2022 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 31/12/2022:

  • 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 August 2022

Interim financial statements 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 April 2022

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 19/05/2022.

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 April 2022

Quarterly statement for the period ending on 31/03/2022 is available

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 March 2022

Annual reports, including the annual audited financial statements, for the period ended on 31/12/2021 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 31/12/2021:

  • 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%.

4 May 2021

Update of terms and conditions of Ashmore Saudi Equity Fund

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

Annual report including audited financial statements for the period ended 31/12/2020 available 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: 1,692,107.
  • Net asset value per unit: SR 14.9082.
  • Return for the period: 10.78%.

24 August 2020

Semi-annual reports including (unaudited) financial statements for the period ended 30/06/2020 available 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 20,659,164.
  • Total expenses and fees for the period: SR 208,494.
  • Net loss for the period: SR 2,111,505.
  • Issued units: 1,692,107.
  • Net asset value per unit: SR 12.2091.
  • Return for the period: -9.27%.

15 June 2020

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 23/10/1441H corresponding to 14/06/2020.

Current Fund Board Members of Ashmore Saudi Equity Fund are:

  • Khalid Mohammed Al Hukail (Independent Member)
  • Mohammad Saad Almuhanna (Independent Member)

18 May 2020

Update of 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 25/09/1441H corresponding to 18/05/2020. The updated Information Memorandum and Key Information Summary can be viewed through the following link.

1 May 2020

Annual report for the fiscal year ended 31/12/2019, including the annual audited financial results

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: 1,692,107.345.
  • Net asset value per unit: SR 13.4396.
  • Net return: 23.09%.

4 November 2019

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 06/03/1441H corresponding to 03/11/2019.

Current Fund Board Members of Ashmore Saudi Equity Fund are:

  • Abdullah Bakhrebah (Chairman - Non-Independent Member)
  • Khalid Mohammed Al Hukail (Independent Member)
  • Mohammad Saad Almuhanna (Independent Member)

5 August 2019

Semi-annual reports including (unaudited) financial statements for the period ended 30/06/2019 available 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: 12.7779 Saudi Riyals.
  • Return for the period: 16.87%.

8 April 2019

Annual report for the fiscal year ended 31/12/2018, including the annual audited financial results

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: 2,578,600.
  • Net asset value per unit: SR 10.9326.
  • Net return: 14.65%.

5 December 2018

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 25/04/1440H corresponding to 01/01/2019. The details of notifiable changes are as follows:

  • 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.
  • 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.
  • 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

Semi-annual reports including (unaudited) financial statements for the period ended 30/06/2018 available 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

Annual report for the fiscal year ended 31/12/2017, including the annual audited financial results

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: 2,578,600.732.
  • Net asset value per unit: SR 9.5355.
  • Net return: -0.82%.

12 March 2018

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 18/06/1439H corresponding to 06/03/2018. The updated terms and conditions can be viewed through the following link.

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 18/06/1439H corresponding to 06/03/2018. The updated Information Memorandum and Key Information Summary can be viewed through the following link.

18 January 2018

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 1/05/1439H corresponding to 18/01/2018.

Current Fund Board Members of Ashmore Saudi Equity Fund are:

  • Saleh K. Aldahmashi (Chairman - Non-Independent Member)
  • Khalid Mohammed Al Hukail (Independent Member)
  • Mohammad Saad Almuhanna (Independent Member)

1 January 2018

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.

6 November 2018

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. 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

Semi-annual reports including (unaudited) financial statements for the period ended 30/06/2018 available 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

Annual report for the fiscal year ended 31/12/2017, including the annual audited financial results

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: 2,257,622.93.
  • Net asset value per unit: SR 8.6785.
  • Net return: -11.55%.

12 March 2018

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 of 11/06/1439H corresponding to 27/02/2018. The updated terms and conditions can be viewed through the following link.

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 11/06/1439H corresponding to 27/02/2018. The updated Information Memorandum and Key Information Summary can be viewed through the following link.

18 January 2018

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 1/05/1439H corresponding to 18/01/2018.

Current Fund Board Members of Ashmore IPO Fund are:

  • Saleh K. Aldahmashi (Chairman - Non-Independent Member)
  • Khalid Mohammed Al Hukail (Independent Member)
  • Mohammad Saad Almuhanna (Independent Member)

1 January 2018

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.

16 March 2026:

Announcement by Ashmore Investment Saudi Arabia that Ashmore Saudi Sharia Equity Fund's annual reports, including the annual audited financial statements, for the period ended on 31/12/2025 are available to the public.

Ashmore Investment Saudi Arabia announces that Ashmore Saudi Sharia Equity Fund's annual reports, including the annual audited financial statements, for the period ended on 31/12/2025:

  • Net asset on the end of period of:  Class A: 12,336,940 SAR, Class B: 8,891,735 SAR
  • Total expenses and fees for the year/period: 432,918 SAR.
  • Net profit (loss) for the year/period of: (2,745,502) SAR.
  • Number of outstanding units at the end of period: Class A: 1,400,928 units. Class B: 1,004,280 units.
  • Net asset value for the unit in:  Class A: 8.81 SAR, Class B:  8.85SAR.
  • Revenue for the period Class A: 12.19-%.  Class B: 11.74-%

 

11 August 2025:

Announcement by (Ashmore Investment Saudi Arabia) for providing the public with the interim financial statements of (Ashmore Saudi Sharia Equity Fund) for the period ending on 30/06/2025 are available to the public".

“(Ashmore Investment Saudi Arabia) announces that the interim financial statements of (Ashmore Saudi Sharia Equity Fund) for the period ending on 30/06/2025. The following is the summary of the interim financial results of the period: 

  • Net assets on the end of period of 20,547,820 (SAR).
  • Total expenses and fees for the period (218,837) (SAR).
  • Net profit (loss) for the period of (1,087,357) (SAR).
  • Number of outstanding units in the end of period class (A) 1,163,577 (units).
  • Net asset value for the unit class (A) 9.49 (SAR)
  • Revenue of the period class (A) -5.43%
  • Number of outstanding units in the end of period class (B) 1,000,000 (units).
  • Net asset value for the unit class (B) 9.51 (SAR)
  • Revenue of the period class (B) -5.18% 

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.