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

Musharaka Capital Announces Non-Material Changes to the Musharaka Saudi Equity Fund

Musharaka Capital has announced that the Fund’s Board of Directors has approved a non-material change to the Musharaka Saudi Equity Fund, effective from 12/06/1445H (December 25, 2023).

Details of the Non-Material Change:

• Updating the fund’s terms and conditions to comply with the executive regulations on Zakat collection, as per Ministerial Resolution No. (2216) dated 07/07/1440H.
• Amending subparagraphs (A, B, C, W, H) under paragraph (9) related to fees, commissions, and expenses.
• Updating the summary of the fund’s fees and other expenses.
• Revising the Investment Policies and Practices section.
• Updating the financial information of the Fund Manager.

For more details, investors can review the updated terms and conditions on the fund’s official page.