Musharaka Financial Company announces details of non-fundamental changes in the Musharaka Saudi Equity Fund

Musharaka Capital Announces a Non-Material Change in Musharaka Saudi Equity Fund

Musharaka Capital announces that the Fund’s Board of Directors has approved a non-material change in the Musharaka Saudi Equity Fund, which will take effect on 15-08-1444H (March 7, 2023).

Details of the Non-Material Change:

• Reduction of the minimum subscription amount, minimum investment balance, minimum additional subscription, and minimum redemption amount.
• Update to the borrowing risk statement under subsection (W) of section (4) related to the key investment risks of the fund.
• Update of the Board of Directors’ other board memberships, as well as the fund manager’s financial statements and results.
• Update to section (25) regarding the Shariah Supervisory Committee, including the addition of the Shariah approval number.