Announcing a fundamental change in the Musharaka Fund for Initial Offerings

Musharaka Financial Company announces the approval of unit holders as well as the approval of the Capital Market Authority for a fundamental change in the Musharaka IPO Fund, which will take effect on 15/04/1442H, corresponding to 30/11/2020. The details of the change include:

1. Changing the name of the fund to “Musharaka Saudi Equities Fund.”
2. Modifying the investment policies and practices.
3. Changing the benchmark index of the fund.
4. Changing the types of securities the fund invests in.
5. Modifying the valuation and dealing days to become daily.

Additionally, unit holders have the right to redeem their units before the implementation of any fundamental changes without incurring any redemption fees.