Al Mada

Funds

Performance Summary

Return Since Inception

13.93%

Net Asset Value

1.1393

Year to Date Return	28.25%
Month to Date Return	2.31%
As at	30 Sep 2021

Net Asset Value

1.1393

Return Since Inception

13.93%

Year to Date Return

28.25%

Overview

Fund Objective

The primary objective of the fund is to seek long-term capital appreciation. The fund will aim to achieve this investment objective by investing in various equity securities listed on the stock markets of the GCC Region complying with the Shariah principles.

Performance

To maximize the Fund's expected total return on a risk adjusted basis by investing in companies in GCC.

Diversification

To provide diversification among GCC companies based on liquidity, capital appreciation and dividend yield.

Liquidity

To create a liquid vehicle for investors wishing to benefit from the potential return of an investment fund dedicated to the GCC region.

Benefits of the Fund

Provides exposure to equities in the GCC region through one single liquid investment vehicle.
Provides a single investment tool with the objective of achieving returns higher than traditional Islamic deposits.
Takes advantage of above average returns for investors who do not have the time or lack the means to enter these markets and manage the risk.
Actively managed by a team of professionals who enjoy extensive experience in the GCC and Arab equity markets.
Semi-annual dividend distribution.
Monthly subscription and redemption.

Terms & Conditions

Fund Name Al Mada Investment Fund	Subscription and Redemption Monthly Subscription / Redemption Fee = 0.5%
Fund Manager National Investments Company	Management Fee 1% per annum
Term of the Fund Indefinite	Performance Fee Only 20% of the amount by which the annualized rate of return exceeds 10%
Fund Capital USD 20 to 300 million	Net Asset Value Calculated on the last trading day of every month
Paid Up Capital USD 37,247,595	Dividends Dividends shall be paid at the discretion of the Fund Manager
Asset Value USD 30,973,593	Custodian & Investment Controller SICO FUNDS SERVICES COMPANY B.S.C.
Base Currency US Dollar	Registrar SICO FUNDS SERVICES COMPANY B.S.C.
Minimum Investment 5,000 Units	Nominal Value USD 1.000
Islamic Shari'a Committee Raqaba Global For Sharia Consultation Ltd.	Auditors Ernst & Young, Bahrain

Top 5 Holdings

AL RAJHI BANK
KUWAIT FINANCE HOUSE
SAUDI BASIC INDUSTRIES CORPORATION
EMIRATES TELECOM. GROUP COMPANY (Etisalat Group) PJSC
SAUDI TELECOM COMPANY

Index	Since Previous Month	Year to Date	Since Inception
Net Asset Value (Al Mada Investment Fund)	2.31%	28.25%	13.93%
NIC GCC Large & Mid Cap Shariah Index 10% Capped (TR)	3.30%	35.09%	23.69%
NIC GCC Large & Mid Cap Shariah Index 10% Capped (PR)	3.19%	31.50%	-

Historical NAVs

Year

Reports

Subscription

How To Subscribe And Redeem

You are able to print the applications of subscription and redemption from the website and submit them along with a copy of the required documents via email CRM@nic.com.kw

Or you can visit the company with the required documents at the following address.

National Investments Company
Kuwait City, Sharq, Al Mutanabi Street,
Block 7, Khaleejia Building, 10th Floor,
Wealth Management Sector

For further assistance, please call the Client Relations Department on the operator number

1821112 Ext: 6681 / 6739.

Application Forms

In case of ﬁrst time subscription (a new client) please download and print the KYC/CRS/FATCA forms and kindly ﬁll out all required information including signature. Download (Individuals - Entities)

Subscription Form: please download, print and kindly fill out all required information including signature. Download

Redemption Form: please download, print and kindly fill out all required information including signature. Download

Required identification

Individuals

Kuwait Residents:
- Civil ID copy
- Passport copy
- Account No. and IBAN No.
- Copy of Authorized Signature from Bank (in case of submitting the application via email)
- Copy of the deposit receipt or transfer slip of subscription amount to the below mentioned bank account (in case of subscription)

Non-Kuwait Residents:
- Civil ID copy
- Passport copy
- Account No. and IBAN No.
- Copy of Authorized Signature from Bank (in case of submitting the application via email)
- Copy of the deposit receipt or transfer slip of subscription amount to the below mentioned bank account (in case of subscription)

Companies

Please attach a copy of the following according to the business type:

Commercial License
Commercial Registration
Memorandum of Incorporation & Articles of Association with all amendments (if any)
BOD certificate issued by the Ministry of Commerce & Industry along with identity documents (Civil ID & Passport).
Certificate issued by the Ministry of Commerce & Industry according to the Authorized Signatories.
BOD resolution regarding the approval of opening the account and granting authority to authorized signatories
Authorized signatory list
Instruction letter listing authorized personnel to manage the account along with identity documents (Civil ID & Passport)
List of beneficial owners that hold 10% or more of the company’s shares except for listed companies in Boursa Kuwait, attaching the following:
- Individuals: Civil ID & Passport
- Entities: Commercial License, Commercial Registration, Memorandum of Incorporation
Copy of the deposit receipt or transfer slip of subscription amount to the below mentioned bank account in case of subscription

For Foreign Companies outside Kuwait:

Submitting an acknowledgement on behalf of its clients, that due diligence was performed.
All company’s documents mentioned above are to be authenticated by:
- Issuing authorities and Kuwait Embassy or Consulate at the domicile country
- Kuwait Ministry of Foreign Affairs

In case there is a controlling person, official documents should be authenticated.

Government entities:

Government entities must attach a copy of all documents required by its regulations and management articles.

In addition to a copy of check deposit slip or funds transfer confirmation (please see below for payment instructions).

Please allow 2 working days for confirmation of receipt of documents. If you do not receive a confirmation by the third working day please contact: NIC Client Services Department at +965 22266666 Ext. 6680 / 6739.

The deadline for subscription and redemption is the 15^th of every month. Where the 15^th falls on a weekend NIC will only consider those subscriptions or redemptions received on the working day immediately prior to the 15^th.

Payment Instructions For Wire Transfer

Beneficiary: AL MADA INVEST - NATIONAL INVESTMENTS FUND Co.

Bank Name: Ahli United Bank, Bahrain

Account Number: 0016-250381-001

IBAN No.: BH82 AUBB 0001 6250 3810 01

Swift Code: AUBBBHBM

Correspondent Bank: JP Morgan Chase Bank, N.A.
CHASUS33/4000937913

For Check Payment

In the name of: Al Mada Investment Fund