Fund announcements

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.