SNB Capital Company announces the approval of the unitholders and Capital Market Authority of fundamental changes to SNB Capital Global Equity Fund; such changes will become effective on (05/06/1447H) corresponding to (26/11/2025G).
The details of the fundamental change are as follows:
- Changing the purposes and nature of the fund by converting the fund to an open-ended public Fund of Funds that complies with the Shariah Committee standards.
- Updating the Table of Contents
- Updating the fund definitions table.
- Updating the fund Summery.
- Updating subparagraphs (a, d) in paragraph (1) “Investment Fund”.
- Updating subparagraphs (a, b, c, d, e, f, g, h, i, j, k, I, m, n, o, p, q) in paragraph (3) “Investment Policies and Practices”.
- Updating paragraph (4) “The Main Risks of Investing in the Fund”.
- Updating paragraph (7) “Investments Restrictions/Limitations”.
- Updating subparagraphs (a, b, g, h) in paragraph (9) “Fees, Charges and Expenses”.
- Updating subparagraphs (a, d) in paragraph (10) “Valuation and Pricing”.
- Updating subparagraph (a) in paragraph (13) “Reporting to Unitholders”.
- Updating subparagraphs (a, b, d, e) in paragraph (25) “Shariah Committee”.
- Updating paragraph (32) “Additional Information Requirements for Certain Types of Funds”.
“Unitholders have the right to redeem their units before any fundamental change is effective; without incurring any redemption fees”.