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Periodical Income Fund

The Fund aims to give shareholders a semiannual income , to be distributed twice a year. This income also represents the operational income, which is expected to reach 5% annually. This is done by investing the fund capital in company stocks listed in the Saudi stock market, which are also Shari’ah compliant, and are able to distribute stable, growing cash dividends. The Fund also aims to achieve a return on capital, through achieving growth in the assets of the Fund during the operation period.
Date of inception 10/3/2012
Type of investment Long-term investment
Minimum Initial Subscription SAR 50,000
Minimum Subscription Amount SAR 5,000
Valuation Days Sunday & Tuesday of every week
Redemption Requests Business days in KSA
Benchmark Index Tadawul Index
  • Since its inception on 10th of March 2012 to the end of the 2013 first half, Alawal Periodical Income Fund outperformed the Saudi Stock Market with a vast profit margin that was estimated at 14%. As the fund achieved an accumulated rate of return amounted to 15.56% (including the paid semiannual cash dividends) against only 1.65% rate of return achieved by the Saudi Market main index during the same period.
  • At the end of the year 2012, the fund manager paid the shareholders of the fund a semiannual cash dividends amounted to 3.5% of the fund’s NAV as on Dec 31st 2012 (being the cash dividends of the 2012 second half) ,surpassing the target of 2.5% semiannual cash dividends .
  • Also at the end of June 2013 the fund manager paid the shareholders of the fund a semiannual cash dividends amounted to 6.5% of the Fund’s NAV as on June 30th, being the cash dividends of the 2013 first half.
  • It is worth to mention that the fund has two record dates for its semiannual cash dividends which are the 30th of June and the 31st of Dec.
  • It is also worth to mention that, at the inception the fund manager forecasts a 2.5% semiannual cash dividends while the actual paid dividends amounted to 3.5% of the Fund’s NAV on Dec 31st 2012 and 6.5% of the Fund’s NAV on June 30th 2013 which reflects the exceptional performance of the fund in a two consecutive periods.