Fund Objective
This fund aims to achieve good returns for investors by investing in stocks of Arab telecommunication companies and companies related to the telecommunications sector, as well as companies involved in the development, manufacturing, or sale of communication services, information technology, and financial technology, whether listed or unlisted in the Arab stock markets. It also involves investing the available cash in deposits, instruments, and bonds issued by the governments of the Gulf Cooperation Council countries or guaranteed by them, and other investment funds allowed by this law."
Fund Policy
The Fund adopts a balanced investment policy that aims at long-term capital appreciation with minimum possible risk to accommodate the Fund's nature. The Fund Manager invests in telecom equities with strong fundamentals and promising growth prospects in addition to considering other financial factors in selecting telecom companies for equity investment. The Fund Manager may invest more than 15% of the fund’s net assets in one single listed telecom company given it does not exceed the security’s sector weight. In addition, the Fund Manager may invest up to 15% of the fund’s net assets in Sukuk or Bonds issued by governments in the GCC and may invest up to 10% of the fund’s net assets in unquoted telecom equities.