MEFIC Capital News | Element List | Explanation |
|---|---|
| Introduction | Middle East Financial Investment Company (MEFIC Capital) announces an update of the terms and conditions of MEFIC Saudi Freestyle Funds as of (28/10/1443 H.), corresponding to (01/06/2022 G.)” |
| Summary of The Main Updated Items | Types of securities that cannot be included in the fund’s investments: the fund does not invest in sukuk, derivatives, or markets outside the Kingdom.
Calculation days for management fees, fees, and other expenses: Clarify the calculation of the net asset value of the fund on a daily basis. Auditor’s fees: changing the fees from 32,000 to 28,000 due to the deletion of the value-added tax. |
| The Updated Terms and Conditions | The Updated Terms and Conditions of the MEFIC Saudi Freestyle Fund |
