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Mutual Funds Announcements

Mutual Funds Announcements

GIB Capital announce the availability of GIB Opportunistic MENA Equity Fund Annual report for the period ended 31 December 2021

Announcements

GIB Capital announce the publication of GIB Opportunistic Saudi Equity Fund annual report for the period ended 31 December 2021:

Net asset value for the period: 51,199,390 SAR.

Total expenses and fees for the period: 494,467 SAR.

Net profit (Loss) for the period: 24,118,258 SAR.

Number of units at end of the period: 2,927,273.74 Units.

Net asset value per unit: 17.4905 SAR.

Yield: 50.15%

 

The report is available on the following link: www.gibcapital.com/mutual-funds-financial-statements

 


GIB Capital announce the availability of GIB Saudi Equity Fund Annual report for the period ended 31 December 2021

Announcements

GIB Capital announce the publication of GIB Saudi Equity Fund annual report for the period ended 31 December 2021:

Net asset value for the period: 42,248,640 SAR.

Total expenses and fees for the period: 377,629 SAR.

Net profit (Loss) for the period: 15,088,500 SAR.

Number of units at end of the period: 2,148,469.08 Units.

Net asset value per unit: 19.6645 SAR.

Yield: 44.68%

The report is available on the following link: www.gibcapital.com/mutual-funds-financial-statements


GIB Capital announce the availability of GIB Opportunistic Saudi Equity Fund Annual report for the period ended 31 December 2021

Announcements

GIB Capital announce the publication of GIB Opportunistic Saudi Equity Fund annual report for the period ended 31 December 2021:

Net asset value for the period: 47,173,598 SAR.

Total expenses and fees for the period: 437,081 SAR.

Net profit (Loss) for the period: 15,570,591 SAR.

Number of units at end of the period: 2,326,600.59 Units.

Net asset value per unit: 20.2758 SAR.

Yield: 42.12%

The report is available on the following link: www.gibcapital.com/mutual-funds-financial-statements

 


Announcement by GIB Capital regarding the details of non- fundamental changes to GIB Saudi Equity Fund

Announcements

GIB Capital announces the approval of the Fund’s Board of Directors of a non-fundamental change to GIB Saudi Equity Fund; such change will become effective on 19/07/1443 H corresponding to 20/02/2022 G.

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

Amending the management fee for Class (A) to become institutional and individual investors who will invest 10 million riyals and more: 0.80% of the fund’s net asset value.

Also, modifying the characteristics of the units (nature of owners) to become category (a) institutional and individual investors who will invest 10 million riyals and more, and to become category (c) employees of the fund manager and the Gulf International Bank.

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


Announcement by GIB Capital regarding an update of the terms and conditions of GIB Saudi Equity Fund

Announcements

GIB Capital Announces an update of the terms and conditions of GIB Saudi Equity Fund as of 19/07/1443 H corresponding to 20/02/2022 G. A summary of the main updated items are as follows:

  • Management Fees
  • Ownership Nature

The updated terms and conditions can be found in the attachments


Announcement by GIB Capital regarding the details of non- fundamental changes to GIB Opportunistic Saudi Equity Fund

Announcements

GIB Capital announces the approval of the Fund’s Board of Directors of a non-fundamental change to GIB Opportunistic Saudi Equity Fund; such change will become effective on 19/07/1443 H corresponding to 20/02/2022 G.

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

Amending the management fee for Class (A) to become institutional and individual investors who will invest 10 million riyals and more: 0.80% of the fund’s net asset value.

Also, modifying the characteristics of the units (nature of owners) to become category (a) institutional and individual investors who will invest 10 million riyals and more, and to become category (c) employees of the fund manager and the Gulf International Bank.

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


Announcement by GIB Capital regarding an update of the terms and conditions of GIB Opportunistic Saudi Equity Fund

Announcements

GIB Capital Announces an update of the terms and conditions of GIB Opportunistic Saudi Equity Fund as of 19/07/1443 H corresponding to 20/02/2022 G. A summary of the main updated items are as follows:

  • Management Fees
  • Ownership Nature

The updated terms and conditions can be found in the attachments

https://www.gibcapital.com/mutual-fund-prices/.


Announcement by GIB Capital regarding the details of non- fundamental changes to GIB Opportunistic MENA Equity Fund

Announcements

GIB Capital announces the approval of the Fund’s Board of Directors of a non-fundamental change to GIB Opportunistic MENA Equity Fund; such change will become effective on 19/07/1443 H corresponding to 20/02/2022 G.

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

Amending the management fee for Class (A) to become institutional and individual investors who will invest 10 million riyals and more: 0.80% of the fund’s net asset value.

Also, modifying the characteristics of the units (nature of owners) to become category (a) institutional and individual investors who will invest 10 million riyals and more, and to become category (c) employees of the fund manager and the Gulf International Bank.

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


Announcement by GIB Capital regarding an update of the terms and conditions of GIB Opportunistic MENA Equity Fund

Announcements

GIB Capital Announces an update of the terms and conditions of GIB Opportunistic MENA Equity Fund as of 19/07/1443 H corresponding to 20/02/2022 G. A summary of the main updated items are as follows:

  • Management Fees
  • Ownership Nature

https://www.gibcapital.com/mutual-fund-prices/.


Announcement by GIB Capital for the Availability of the quarterly statement of GIB Opportunistic MENA Equity Fund for the period ending on 31/12/2021.

Announcements

GIB Capital announces that the quarterly statement of GIB Opportunistic MENA Equity Fund for the period ending on 31/12/2021. A copy of the quarterly statement can be found in the attachments.

 


Announcement by GIB Capital for the Availability of the quarterly statement of GIB Opportunistic Saudi Equity Fund for the period ending on 31/12/2021.

Announcements

GIB Capital announces that the quarterly statement of GIB Opportunistic Saudi Equity Fund for the period ending on 31/12/2021. A copy of the quarterly statement can be found in the attachments.


Announcement by GIB Capital for the Availability of the quarterly statement of GIB Saudi Equity Fund for the period ending on 31/12/2021.

Announcements

GIB Capital announces that the quarterly statement of GIB Saudi Equity Fund for the period ending on 31/12/2021. A copy of the quarterly statement can be found in the attachments.


Announcement by GIB Capital regarding the details of non- fundamental changes to GIB Opportunistic Saudi Equity Fund

Announcements

GIB Capital announces the approval of the Fund’s Board of Directors of a non-fundamental change to GIB Opportunistic Saudi Equity Fund as of 25/5/1443 H corresponding to 29/12/2021 G. The details of the non-fundamental change are as follows: Modifying the characteristics of the units (nature of owners) to become Class (A) institutional and individual investors who will invest from 10 to 50 million SAR: 1.00% of the fund’s net asset value and Class (B) institutional and individual investors who will invest less than 10 million SAR: 1.75 % of the fund’s net asset value and Class (C) employees of the fund manager and Gulf International Bank, in addition to major investors who will invest 50 million SAR and more: 0.50% of the fund’s net asset value, and amending the minimum subscription for Class (C) to become 10,000 Saudi SAR for employees of the Fund manager and Gulf International Bank, And 50 million SAR for investors from outside GIB group, in addition to amending the (minimum additional subscription) for Class (C) to become 2,500 SAR for employees of the fund manager and GIB, and 5 million SAR for investors from outside GIB group and amending the (minimum Redemption limit) to become 2,500 Saudi SAR for employees of the fund manager and GIB, and 5 million SAR for investors from outside the GIB group. Unitholders have the right to redeem their units before any non-fundamental change is effective; without incurring any redemption fees.


Announcement by GIB Capital regarding the details of non- fundamental changes to GIB Saudi Equity Fund

Announcements

GIB Capital announces the approval of the Fund’s Board of Directors of a non-fundamental change to GIB Saudi Equity Fund as of 25/5/1443 H corresponding to 29/12/2021 G. The details of the non-fundamental change are as follows: Modifying the characteristics of the units (nature of owners) to become Class (A) institutional and individual investors who will invest from 10 to 50 million SAR: 1.00% of the fund’s net asset value and Class (B) institutional and individual investors who will invest less than 10 million SAR: 1.75 % of the fund’s net asset value and Class (C) employees of the fund manager and Gulf International Bank, in addition to major investors who will invest 50 million SAR and more: 0.50% of the fund’s net asset value, and amending the minimum subscription for Class (C) to become 10,000 Saudi SAR for employees of the Fund manager and Gulf International Bank, And 50 million SAR for investors from outside GIB group, in addition to amending the (minimum additional subscription) for Class (C) to become 2,500 SAR for employees of the fund manager and GIB, and 5 million SAR for investors from outside GIB group and amending the (minimum Redemption limit) to become 2,500 Saudi SAR for employees of the fund manager and GIB, and 5 million SAR for investors from outside the GIB group. Unitholders have the right to redeem their units before any non-fundamental change is effective; without incurring any redemption fees.


Announcement by GIB Capital regarding the details of non- fundamental changes to GIB Opportunistic MENA Equity Fund

Announcements

GIB Capital announces the approval of the Fund’s Board of Directors of a non-fundamental change to GIB Opportunistic MENA Equity Fund as of 25/5/1443 H corresponding to 29/12/2021 G. The details of the non-fundamental change are as follows: Modifying the characteristics of the units (nature of owners) to become Class (A) institutional and individual investors who will invest from 10 to 50 million SAR: 1.00% of the fund’s net asset value and Class (B) institutional and individual investors who will invest less than 10 million SAR: 1.75 % of the fund’s net asset value and Class (C) employees of the fund manager and Gulf International Bank, in addition to major investors who will invest 50 million SAR and more: 0.50% of the fund’s net asset value, and amending the minimum subscription for Class (C) to become 10,000 Saudi SAR for employees of the Fund manager and Gulf International Bank, And 50 million SAR for investors from outside GIB group, in addition to amending the (minimum additional subscription) for Class (C) to become 2,500 SAR for employees of the fund manager and GIB, and 5 million SAR for investors from outside GIB group and amending the (minimum Redemption limit) to become 2,500 Saudi SAR for employees of the fund manager and GIB, and 5 million SAR for investors from outside the GIB group.

The securities available to the fund have also been modified to include all shares of listed companies and exchange-traded funds (ETFS) in the MENA markets, including the main markets, parallel markets, and any other market that may be launched or established by the licensed authorities of the CMA or any similar regulatory authority abroad supervised by a regulatory body that applies those standards that the Capital Market Authority will apply in the future, in which securities are listed or traded. As well as the shares of companies listed on international stock exchanges, provided that the headquarters of these companies are in the Middle East and North Africa region. Unitholders have the right to redeem their units before any non-fundamental change is effective; without incurring any redemption fees.


Announcement by GIB Capital regarding an update of the terms and conditions of GIB Opportunistic Saudi Equity Fund

Announcements

GIB Capital announces an update of the terms and conditions of GIB Opportunistic Saudi Equity Fund as of 25/5/1443 H corresponding to 29/12/2021 G. A Summary of the main updated items are as follows:

1. Terms and conditions of the fund, in line with the updated investment regulations
2. Historical Performance of the fund
3. Fund manager’s board of directors list

The updated terms and conditions can be found at https://www.gibcapital.com/mutual-fund-prices/.


Announcement by GIB Capital regarding an update of the terms and conditions of GIB Saudi Equity Fund

Announcements

GIB Capital announces an update of the terms and conditions of GIB Saudi Equity Fund as of 25/5/1443 H corresponding to 29/12/2021 G. A Summary of the main updated items are as follows:

1. Terms and conditions of the fund, in line with the updated investment regulations
2. Historical Performance of the fund
3. Fund manager’s board of directors list

The updated terms and conditions can be found at https://www.gibcapital.com/mutual-fund-prices/.


Announcement by GIB Capital regarding an update of the terms and conditions of GIB Opportunistic MENA Equity Fund

Announcements

GIB Capital announces an update of the terms and conditions of GIB Opportunistic MENA Equity Fund as of 25/5/1443 H corresponding to 29/12/2021 G. A Summary of the main updated items are as follows:

1. Terms and conditions of the fund, in line with the updated investment regulations
2. Historical Performance of the fund
3. Fund manager’s board of directors list

The updated terms and conditions can be found at https://www.gibcapital.com/mutual-fund-prices/.


GIB Capital announces the availability of the quarterly statement for GIB Opportunistic MENA Equity Fund for the period ending on 30 September 2021

Announcements

GIB Capital announces the availability of the quarterly statement for GIB Opportunistic MENA Equity Fund for the period ending on 30 September 2021. The statement can be obtained through the following link: https://www.gibcapital.com/mutual-funds-disclosures/


GIB Capital announces the availability of the quarterly statement for GIB Saudi Equity Fund for the period ending on 30 September 2021

Announcements

GIB Capital announces the availability of the quarterly statement for GIB Saudi Equity Fund for the period ending on 30 September 2021. The statement can be obtained through the following link: https://www.gibcapital.com/mutual-funds-disclosures/


GIB Capital announces the availability of the quarterly statement for GIB Opportunistic Saudi Equity Fund for the period ending on 30 September 2021

Announcements

GIB Capital announces the availability of the quarterly statement for GIB Opportunistic Saudi Equity Fund for the period ending on 30 September 2021. The statement can be obtained through the following link: https://www.gibcapital.com/mutual-funds-disclosures/


GIB Capital announces incorrect pricing of the units of the GIB Opportunistic MENA Equity Fund - Class (C)

Announcements

GIB Capital announces a pricing error for the units of GIB Opportunistic MENA Equity Fund – Class (C) on 8/4/2020 AD and the following are the total assets of the fund and the unit price after the correction:

Total assets: 48,889,084.66 SAR
Unit price: 9.7741 SAR
Error Rate: 1.17%

The date of publication of the calendar or incorrect pricing 15/12/1441 AH corresponding to 5/8/2020 AD.

Affected unit holders (including previous unit holders) will be compensated for all pricing errors without delay.


GIB MENA FUND

Announcements
GIB Capital announces the results of the Initial Offering Period for the GIB Opportunistic MENA Equity Fund:

GIB Capital announces the end of the initial offering period for the GIB Opportunistic MENA Equity Fund as of Wednesday 02/03/1441 AH corresponding to 10/30/2019. Therefore, the fund will start as of 03/03/1441 AH corresponding to 10/31/2019 AD. The funds raised during the initial offering period was for an amount of 50,000,000 Saudi Riyals


GIBSEF

Announcements
GIB Capital announces changes in the board membership of GIB Saudi Equity Fund

GIB Capital Company announces a change in the fund board of GIB Saudi Equity Fund due to appointment of Mr. Ahmad bin Mohammad Alfozan as an Independent Member effective24/04/1440H corresponding to 31/12/2018.

Current Fund Board Members of GIB Saudi Equity Fund are:

1. Mr. Amro bin Abdulaziz Al Amro (Chairman – Independent)

2. Mr. Ahmad bin Mohammad Alfozan (Independent Member)

3. Mr. Abdullah bin Saleh Al Hamed (Non-Independent Member)


GIBSEF – B

Announcements
GIB Capital announcement of board membership changes of Saudi Equity Fund

GIB Capital Company announces a change in the fund board of GIB Saudi Equity Fund due to the resignation of Mr. Khalid bin Saleh Al aqeel (Chairman) effective 04/02/1438 H, corresponding to 14/10/2018.

Current Fund Board Members of GIB Saudi Equity Fund are:

1. Mr. Amro bin Abdulaziz Al Amro (Chairman)

2. Mr. Abdullah bin Saleh Al Hamed (Non-Independent Member)

GIB Capital announces the appointment of AlBilad Capital as a custodian for the GIB Saudi Equity Fund

GIB Capital announces the appointment of AlBilad Capital as a custodian for the GIB Saudi Equity Fund. Effective 22/08/1439H, corresponding to 08/05/2018.

GIB Capital announces important changes in GIB Saudi Equity Fund

GIB Capital announces important changes in GIB Saudi Equity Fund. Effective 22/08/1439H, corresponding to 08/05/2018.

The details of the changes are: Including Tadawul fees for each share class of the fund’s classes as per the capital markets. Unit holders may redeem their units before any significant change occurs without imposing any redemption fee (if any).


GIBSEF – C

Announcements
GIB Capital announcement of board membership changes of Saudi Equity Fund

GIB Capital Company announces a change in the fund board of GIB Saudi Equity Fund due to the resignation of Mr. Khalid bin Saleh Al aqeel (Chairman) effective 04/02/1438 H, corresponding to 14/10/2018.

Current Fund Board Members of GIB Saudi Equity Fund are:

1. Mr. Amro bin Abdulaziz Al Amro (Chairman)

2. Mr. Abdullah bin Saleh Al Hamed (Non-Independent Member)

GIB Capital announces the appointment of AlBilad Capital as a custodian for the GIB Saudi Equity Fund

GIB Capital announces the appointment of AlBilad Capital as a custodian for the GIB Saudi Equity Fund. Effective 22/08/1439H, corresponding to 08/05/2018.

GIB Capital announces important changes in GIB Saudi Equity Fund

GIB Capital announces important changes in GIB Saudi Equity Fund. Effective 22/08/1439H, corresponding to 08/05/2018.

The details of the changes are: Including Tadawul fees for each share class of the fund’s classes as per the capital markets. Unit holders may redeem their units before any significant change occurs without imposing any redemption fee (if any).


GIBOSEF – B

Announcements
GIB Capital announces the appointment of AlBilad Capital as a custodian for the GIB Opportunistic Saudi Equity Fund

GIB Capital announces the appointment of AlBilad Capital as a custodian for the GIB Opportunistic Saudi Equity Fund. Effective 22/08/1439H, corresponding to 08/05/2018.

GIB Capital announces important changes in GIB Opportunistic Saudi Equity Fund

GIB Capital announces important changes in GIB Opportunistic Saudi Equity Fund. Effective 22/08/1439H, corresponding to 08/05/2018.

The details of the changes are: Including Tadawul fees for each share class of the fund’s classes as per the capital markets. Unit holders may redeem their units before any significant change occurs without imposing any redemption fee (if any).


GIBOSEF – C

Announcements
GIB Capital announces the appointment of AlBilad Capital as a custodian for the GIB Opportunistic Saudi Equity Fund

GIB Capital announces the appointment of AlBilad Capital as a custodian for the GIB Opportunistic Saudi Equity Fund. Effective 22/08/1439H, corresponding to 08/05/2018.

GIB Capital announces important changes in GIB Opportunistic Saudi Equity Fund

GIB Capital announces important changes in GIB Opportunistic Saudi Equity Fund. Effective 22/08/1439H, corresponding to 08/05/2018.

The details of the changes are: Including Tadawul fees for each share class of the fund’s classes as per the capital markets. Unit holders may redeem their units before any significant change occurs without imposing any redemption fee (if any).


GIB Capital is a Single Shareholder Company (Commercial Registration No. 1010244294) with paid-up capital of SR 200,000,000.

GIB Capital obtained its license from the Capital Market Authority under license number 07078-37 on 08/07/1428H (corresponding to 22/07/2007G). GIB Capital obtained the approval to proceed with its business activities from the Capital Market Authority on 03/04/1429H (corresponding to 12/04/2008G).

GIB Capital provides corporate finance services in the Saudi capital markets, and is licensed to carry out the following activities by the Capital Market Authority (“CMA”):

  • Dealing as:
    • Principal
    • Agent
    • Underwriter
  • Managing
    • Investment fund management
    • Discretionary portfolio management
  • Arranging
  • Advising
  • Custody

GIB Capital is a subsidiary of Gulf International Bank B.S.C. with registered office at Low Rise Building 1, Granada Business & Residential Park, Eastern Ring Road, P.O. Box 89589, Riyadh 11692, Kingdom of Saudi Arabia.