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Al Jazeera Saudi Equity Fund

AlJazira Saudi Equities Fund

An open-ended public investment fund that invests in Saudi stock markets

Terms and Conditions

Fund manager

Al Jazeera Financial Markets Company

The terms and conditions of the Fund were reviewed by the Fund’s Board of Directors and approved. The fund manager and board members are responsible for this

The Fund management, jointly and individually, is fully responsible for the accuracy and completeness of the information contained in the terms and conditions. Likewise

The members of the Fund’s Board of Directors and the Fund Manager acknowledge and confirm the accuracy and completeness of the information contained in the terms and conditions,

They also acknowledge and confirm that the information and data contained in the terms and conditions are not misleading.

The Financial Market Authority approved the offering of investment fund units. The Authority does not bear any responsibility for the contents of the terms and conditions

Fund, and does not give any confirmation regarding its accuracy or completeness, and the Financial Market Authority does not give any recommendation regarding the feasibility of investing in

Whether or not the Fund

The fund belongs to the investor or his representative.

Al Jazira Saudi Equity Fund has been approved as an investment fund compatible with Sharia standards approved by the Sharia Supervision Committee.

assigned to the fund.

The terms and conditions of the fund and all other documents related to it are subject to the Investment Funds Regulations issued by the Council of the Capital Market Authority,

and include complete, clear, correct and non-misleading information about the fund that is updated with any amendment made to the fund.

Every investor must read the terms and conditions and all documents related to the fund carefully before making his investment decision.

The Fund's performance can be viewed in the Fund's periodic reports

We advise investors to read and understand the terms and conditions of the fund. If you cannot understand the terms and conditions of the fund, we advise you to seek advice from a professional

advisor.

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 Important notice

Every investor should read these terms and conditions carefully before deciding whether or not to invest in the Fund. If the investor has any doubt

about the suitability of the Fund for investment or about any of the contents of the terms and conditions, he must seek the assistance of an

independent financial advisor, taking into account that every person who invests in the Fund does so at his own personal risk.

The fund manager has not authorized anyone to give any information or provide any statement regarding the offering of units other than those

stated in the terms and conditions. Accordingly, if this happens, such information or statements should not be relied upon as being given or provided

by the fund manager. The information contained in the Terms and Conditions is information provided according to the date of issuance of the Terms

and Conditions unless otherwise stated.

The distribution of these terms and conditions and the offering of units are directed to Saudi citizens and to non-Saudis, bearing in mind that the terms and

conditions of the fund, and all other documents related to it, do not constitute an offer or invitation by any person in any country in which the law prohibits such an

offer or invitation, nor does it constitute an offer or invitation. To any person prohibited from making or inviting such an offer. Al Jazira Financial Markets Company

requires everyone in possession of the terms and conditions of the fund, and any other documents related to it, to familiarize themselves with these restrictions and

adhere to them.

Potential investors should also not consider the terms and conditions of the Fund and all other documents related to it as advice regarding

any tax, legal, Sharia, investment, or any other matters. Potential investors are advised to consult their professional and Sharia advisors

regarding purchasing, owning, or disposing of units and regarding regulatory requirements. That apply to them, the foreign exchange

restrictions they may face in this regard, and the consequences that may result from this purchase, possession, sale, or disposition in

terms of income and tax.

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 Tel. 2256000 11 966+
Fax 2256068 11 966+
the Arab kingdom Saudi Arabia
Fund Manager/
s. B. 20438 the Ryad 11455
Fund operator King Fahd Road - Rahmaniyah

racapital.com.sa www.aljazi
aziracapital.com.sa contactus@alj

Tel: 92481 996612+

the Arab kingdom Saudi Arabia

Riyadh 255 2- 12283

HSBC Arabic L s Recursion
Custodian HSBC Building 267 7, Olaya Street (district)
audi arabia HSBC S Meadowsweet

Website: com. www.hsbcsaudi

Tel: 065333 296611+

Fax065444 296611+
the Arab kingdom Saudi Arabia

Auditor P.O. Box 28355 R Y11437

Prince Mohammed bin Abda Street Laziz (Tahlia) - alive
Suleiman Y
PKF Alp s M & Co f.com/saudi-arabia http://www.pk

Tel. 2256000 11 966+

Fax 2256068 11 966+
the Arab kingdom Saudi Arabia

Shariah s. B. 20438 the Ryad 11455

King Fahd Road - Rahmaniyah

racapital.com.sa www.aljazi
aziracapital.com.sa contactus@alj

3
 Fund summary

Name of the investment fund Al Jazeera Saudi Equity Fund

Category and type of fund An open-ended public investment fund

Fund manager Al Jazeera Financial Markets Company

The fund's primary objective is to provide the opportunity to achieve MSouth Africa Investments, the Saudi stock market, Blood money

Fund goal capital growth that exceeds the growth rate in compliance with and
and Standard & Poor's Saudi Equity Company owns jurisprudence

Sharia law, which was chosen as a guiding indicator. the fund.

Risk level high

Minimum subscription 5,000 Saudi riyals

Minimum additional subscription 500 Saudi riyals

Minimum subscription and additional subscription

100 Saudi riyals
through regular subscription programs

Minimum redemption nothing

Days for accepting subscription and redemption requests Sunday to Thursday, excluding official holidays KH

Dealing days and calendar

Sunday to Thursday, excluding official holidays KH

Deadline for receiving subscription and

4:00 PM on the previous business day Dealing
redemption requests

Announcement days Sunday to Thursday, excluding official holidays KH

Date of payment of the refunded units to

Within four working days from the end of the dealing day on which The request has been executed
subscribers

Unit price at the beginning of the offering 100 Saudi riyals

Fund currency Saudi riyal

Offering date 08/26/1420 AH corresponding to 12/04/1999 AD

The date the terms and conditions were issued and last 0
The Fund’s terms and conditions were issued on 6/30 and / 1419 AH corresponding to 10/21/1998 AD, and it was conducted and
updated were last updated on 03/06/1445 AH corresponding to on 09/21/2023 AD.

Indicative indicator Standard & Poor's Saudi Stock Index Jurisprudence with Sharia

Fund operator Al Jazeera Financial Markets Company

Custodian HSBC Saudi Arabia

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Auditor PKF Al Bassam and Partners

Fund management fees 1.5% per annum of net asset value is calculated I have a daily basis for every calendar.

Entry Fee until2% is deducted from the total subscription amount Discount it before purchasing units

Custodian fees 0.039% annually of the total value of assets Z Up to 10 US dollars per transaction.

The fees for dealing in the Fund's investments are It is sold directly by the Fund, and the marketsThis is amazing
Dealing expenses paid according to the applicable dealing fees in the in which the Fund trades are calculated for you

fees previously agreed upon with external brokers

The Fund pays other expenses, including bulletins, s Including, but not limited to, the costs related to publishingDad
reports, notices to investors, their distribution, and n and printing such bulletins, reports, and notices for T
Other expenses
any exceptional and other expenses, such as liquidation expenses, provided that they do not exceed theThis is amazing

expenses at a rate of 0.25% annually, net value. assets at a maximum.

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Glossary of terms ............................................................................................................................7

.1 Investment Fund ................................................ .................................................. ........... 11

.2 The applied system ................................................ .................................................. ................11

.3 Investment policies and practices ............................................... ............................................... 11

.4 The main risks of investing in the Fund............................................. ................................... 13

.5 The target group for investing in the fund ............................................. ..................................... 15

.6 Investment restrictions/limits .............................................. .................................................. .......... 15

8. the currency.................................................. .................................................. ......................15

.9 In exchange for services, commissions and fees .............................................. .......................................... 16

. 10 Evaluation and pricing ................................................ .................................................. .............. 18

11. Dealing ................................................. .................................................. ....................... 19

12. Distribution policy ................................................ .................................................. ............... 21

. 13 Submitting reports to unit owners ............................................. ............................................. 21

. 14 Register of unit owners................................................... .................................................. ......... 21

. 15 Unit owners meeting................................................... .................................................. ......21

. 16 Rights of unit owners ................................................ .................................................. ....... 22

. 17 Responsibility of unit owners ................................................ .................................................. ....23

. 18 Unit characteristics................................................... .................................................. ........... 23

. 19 Changes in the terms and conditions of the Fund ............................................. ....................................... 23

. 20 Termination and liquidation of the fund................................................... .................................................. .....23

. 21 Fund Manager ................................................ .................................................. ............... 24

. 22 Fund operator ................................................ .................................................. .............. 26

. 23 Custodian................................................ .................................................. .................... 26

. 24 Fund Board of Directors ................................................ .................................................. ....... 27

. 25 Sharia Supervisory Board ............................................... .................................................. ........ 30

. 26 Auditor ................................................ .................................................. ............. 31

. 27 Fund assets ................................................ .................................................. .............. 31

. 28 Handling complaints ................................................ .................................................. ............. 32

. 29 other information................................................ .................................................. ............... 32

. 30 Acknowledgment from the unit owner .............................................. .................................................. ......33

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 In the name of God, the most gracious, the most merciful

Praise be to God, Lord of the Worlds, and may blessings and peace be upon the most noble of prophets and messengers, our master Muhammad, and upon all his family and companions, and beyon

Glossary of terms

Each of the following terms used in these Terms and Conditions will have the meaning given to it below:

List of investment funds: Regulations for investment funds issued by the Council of the Capital Market Authority in the Kingdom of Saudi Arabia

pursuant to Resolution No. 1-219-2006 dated 12/03/1427 AH corresponding to 12/24/2006 AD based on the Financial Market Law issued by Royal

Decree No. M/30 dated 6/2/1424 AH As amended by Capital Market Authority Board Resolution No. 2-22-2021 dated 07/12/1442 AH corresponding to

02/24/2021 AD, and any other amendments that may occur to it.

Auditor: means PKF Al-Bassam and Partners.

The company / The owner of the box / The owner of the boxMeaning: Al Jazeera Financial Markets Company, which has a license from

the Financial Market Authority, No. 37-07076, dated 07/08/1428, corresponding to 7/22/2007 AD, and has the following number: Here is a

letter to practice the business on the date of 3/28/1429, corresponding to 04/05/2008 AD, and the address of its main office: s. B. 20438

Riyadh 11455, Kingdom of Saudi Arabia, phone 0112256000.

Al Jazeera BankMeans Bank Al Jazira, a Saudi joint stock company with commercial registration number 4030010523 and its main office address: P.O.

B. Box 6277 Jeddah 21442, Kingdom of Saudi Arabia.

Group of people on the islandMeaning: any company within a holding body, affiliated or owned by banks on the island, and any company affiliated with the

company.

the CouncilMeans the members of the Fund’s Board of Directors.

Commission: Means the Capital Market Authority of the Kingdom of Saudi Arabia established in accordance with the Financial Market Law.

Financial market systemMeans the Financial Market Law in the Kingdom of Saudi Arabia issued pursuant to Royal Decree No. M/30 dated 6/2/1424

AH (corresponding to June 16, 2003 AD).

Custodian: means HSBC Saudi Arabia.

Yarrum Al-Amrl: It means any day of the week or the week, and is excluding from the end of fees in the Kingdom of Saudi

Arabia.

Dealing dayThis means every day from Sunday to Thursday, except for the official holidays of the Saudi stock market.

box: means Al Jazira Saudi Equity Fund.

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The Fund’s Sharia Board: means the Sharia body responsible for approving the Fund’s Sharia standards.

investor(s)Means the investor in the fund or any person (natural or legal) who submits an application to invest in the

fund.

Investment unitsMeans the investment units that give the investor the right to participate in the ownership of the fund’s assets on a proportional basis according

to the number of investment units owned by the investor.

Net asset valueFor the purposes of the Investment Funds Regulations, it means the net asset value of the fund divided by the number of outstanding

units.

Net asset value of the fund:For the purposes of the Investment Funds Regulations, it means the total value of the fund's assets lessed Adversaries

RegulationsMeans the list of investment funds issued by the Authority.

Islamic Law: It means the system based on the Holy Qur’an and the Noble Prophet’s Sunnah.

Sharia oversight: means the entity contracted by the Fund to carry out review tasks on matters related to the Fund’s operations and their compliance

with Sharia controls.

Terms and Conditions:Contracts that contain the data and provisions required under the provisions of the Investment Funds Regulations, and are signed between

Fund manager and unit holders.

Total purchase amountIt means the total amount paid by the investor to invest in the fund.

Rial:It means the Saudi Riyal, the official currency of the Kingdom of Saudi Arabia.

Regular subscription programs:These are programs that allow investors to subscribe for fixed amounts at regular intervals.

Ordinary box decision:It means a decision that requires the approval of unit owners whose percentage of ownership represents more than50% of the total

number of units whose owners are present at the unit owners’ meeting, whether they attend in person, by proxy, or by means of modern technology.

Decision making for the box:It means a decision requiring the approval of the owners of the units whose ownership percentage it represents.75% or more of the total number of

units whose owners are present at the unit owners’ meeting, whether they are present in person, represented by an agent, or by means of modern technology.

Damage to the value-adjusted tax:He is very jealous and wants to buy all kinds of goods and services and buy them and sell them. The
terms of acceptance of the project, the exceptions and exceptions, and the value-added tax are imposed at every stage of the supply chain,
starting from production, through distribution, and until the final sale of the good or service.

Fundamental change:The term “fundamental change” means any of the following:

1) A significant change in the objectives, nature, or category of the General Fund.

2) A change that may have a material adverse effect on unitholders or their rights in relation to the closed-end general
fund.

3) A change that has an impact on the risk score of the General Fund.

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 4) Voluntary withdrawal of the fund manager from the position of fund manager.

5) Any change would normally cause unitholders to reconsider their participation in the closed-ended general fund.

6) Any change that leads to an increase in payments from the assets of the closed public fund to the fund manager or any member of the fund’s

board of directors or any affiliate of either of them.

7) Any change that introduces a new type of payment to be made from the assets of the closed general fund.

8) Any change that substantially increases the other types of payments made from the assets of the closed general fund.

9) Change in the maturity date or termination of the closed general fund.

10) Increase the total value of the closed public fund’s assets by accepting contributions in cash, in-kind, or both.

11) Any other cases decided by the Authority from time to time and notified to the Fund Manager.

Non-fundamental change:“Non-essential change” means any change that does not fall within the provisions of Article (62) from the Investment Funds Regulations

regarding the definition of fundamental changes.

Retail client:Any Customer who is not a Qualifying Customer or an Enterprise Customer.

Qualified Client:It means any of the following:

A) A natural person who meets at least one of the following criteria

1. He must have made transactions in the stock markets with a total value of no less than forty million Saudi riyals and no less
than ten transactions in each quarter during the past twelve months.

2. The value of his net assets must not be less than five million Saudi riyals

3. He must work or have worked for at least three years in the financial sector in a professional position related to investing in
securities

4. He must have a specialized professional certificate in securities business, accredited by an internationally recognized body.

5. He must have a general certificate for dealing in securities approved by the Commission, provided that his annual income does not

exceed six hundred thousand Saudi riyals in the past two years.

6. To be a client of a financial market institution licensed to practice management business, provided that the following is met: A. The

offer must be made to the financial market institution, and all relevant communications must be made through it

With. The financial market institution must have been appointed on conditions that enable it to make investment decisions on behalf of the client

Without the need to obtain prior approval

7. Persons registered with the financial market institution if the offering is made by the financial market institution itself

b) A legal person that meets at least one of the following criteria

1. Any legal person acting for its own account, provided that it is any of the following:

A. A company that owns, or is a member of a group with, net assets of no less than ten million and no more
Fifty million Saudi riyals.

With. Any unregistered partnership, joint venture company, or other establishment that owns pure assets whose value is not stated by Aoun.

Ten million Saudi riyals and not more than fifty million Saudi riyals

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 C. A person who acts as a member of the board of directors, officer, or employee of the office and is
Responsible for any securities activity he has, when that legal person applies to the definition contained in
paragraph (1/a) or (1/b)

2. To be a client of a financial market institution licensed to practice management business, provided that the following is met: A. The offer

must be made to the financial market institution, and all relevant communications must be made through it.

With. The financial market institution must have been appointed on conditions that enable it to make investment decisions on behalf of the client

Without the need to obtain prior approval

c) A company wholly owned by a natural person who meets one of the criteria in paragraph (a) or by a legal entity that meets one of
the criteria in paragraph (b)

Institutional Client:It means any of the following:

A) The government of the Kingdom, or any international body recognized by the Commission.

b) Companies wholly owned by the state or a governmental entity, directly or through a portfolio managed by the Financial Market Corporation.

Licensed to carry out management activities.

c) Any legal person acting for its own account, provided that it is any of the following:

1. A company that owns, or is a member of a group that owns net assets exceeding fifty million Saudi riyals

2. An unregistered partnership, any joint venture company, or other establishment that owns net assets exceeding fifty million Saudi riyals.

3. A person who acts in the capacity of a member of the board of directors, an officer, or an employee of a legal person and is responsible

for supporting any of its securities activities, when the definition contained in paragraph (C/1) or (C/2) applies to that legal person.

d) A company wholly owned by a legal person that meets one of the criteria mentioned in paragraphs (b) or (c) e) An

investment fund

f) A counterparty

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 Fund terms and conditions

1. Investment Fund

1.1. Al Jazira Saudi Equity Fund, a public open-ended fund.

1.2. The Fund’s terms and conditions were issued on 06/30/1419 AH, corresponding to 10/21/1998 AD, and were last updated on

03/06/1445 AH, corresponding to 09/21/2023 AD.

1.3. The Authority approved the establishment of the Fund and the offering of its units on 01/09/1431 AH corresponding to 12/26/2009 AD.

1.4. The fund is open-ended.

2. The applied system

The Fund and the Fund Manager are subject to the rules and regulations issued by the Capital Market Authority and the prevailing laws in the Kingdom of Saudi

Arabia in a manner that does not conflict with Islamic Sharia. In the event of any dispute arising between the fund manager and investors regarding the

interpretation of the terms and conditions of this agreement, this dispute will be referred to the Securities Disputes Resolution Committee. The Arabic language is

the approved language as the basis for interpreting these terms and conditions.

3. Investment policies and practices

3.1. The fund's primary objective is to provide investors with the opportunity to invest in the Saudi stock market and achieve capital growth that

exceeds the growth rate of the Standard & Poor's Saudi stock index, compatible with Shariah, which was chosen as a guiding index for

the fund.

3.2. The fund invests in a diversified portfolio of shares of companies that comply with the fund’s Sharia standards and are listed on

the Saudi stock market.

3.3. The fund manager has the right to determine the total percentage of investment in Saudi stocks that comply with Sharia controls out of the total assets

of the fund, according to the general view of the current market conditions and so that this does not conflict with the investment fund regulations,

and this includes investment in real estate traded funds (REITs) and priority rights. The Fund can also invest any percentage of the available liquidity

in long-term or short-term Murabaha transactions, as long as this does not conflict with the main objectives of the Fund. The fund manager also has

the right to invest in the shares of Bank Al Jazira Company, which owns the fund manager, or the shares of its affiliated companies in accordance

with the objectives and restrictions of the fund.

Investment type minimum the

upper limit

exponent
They are included in the ASU Saudi stocks %0 %100

Sun
aSimilar investment opportunitieslaugh %0 %25

criticism %0 %100

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 3.4. The Fund can invest in the shares of Bank Al Jazira Company, which owns the Fund Manager, or the shares of its affiliated companies according to the objectives.

3.5. The Fund deals in the main and parallel, primary and secondary Saudi stock markets.

3.6. The fund manager aims to develop capital in the long term through effective management of the fund and adopting multiple

strategies that are compatible with changing economic conditions. The fund manager uses all available research and studies

related to companies (including return on investment, profitability ratio, etc.) and any general or private economic research

from various sources, whether research from internal or external sources, in order to manage the fund more effectively..

3.7. The Fund Manager cannot include the following securities within the Fund’s investments:

3.7.1.FUTURES.

3.7.2. OPTIONS contracts.

3.7.3. SWAP contracts.

3.7.4. Preferred shares.

3.8. The Fund is committed to ensuring that all its investments are compatible with Sharia standards approved by the Sharia Supervisory Committee appointed

for the Fund.

3.9. The Fund may invest no more than 25% of the net asset value of its assets in similar investment funds, provided that it does not exceed 20%

of the net asset value of the fund in which it is invested, provided that they are approved by the regulatory authorities and compatible

with the Sharia standards approved by the Authority. Legitimacy of the fund manager.

3.10. The Fund can obtain financing (in a manner that does not conflict with the Fund’s Sharia standards) and does not exceed 10% of the

net value of its assets, bearing in mind that the Fund will not mortgage its assets against any loans. An exception to this is what is

borrowed as a good loan from the fund manager to cover redemption requests, when there is not sufficient liquidity in the fund’s

account.

3.11. The Fund can invest no more than 10% of the Fund's net worth in shares of a single issuer. In any case, if the market weight of a

listed company exceeds 10% of the total market value of the investment pool of listed companies compliant with the

provisions of Islamic Sharia, the fund manager can increase the investment percentage in this company to a percentage

similar to the market value of this company. The investment base of companies compatible with the provisions of Islamic

Sharia will be reviewed and updated on a quarterly basis by the Fund’s Sharia Supervisory Board.

3.12. The Fund's investments are based on distributing risks in a cautious and prudent manner, without prejudice to the Fund's objectives and investment

policies, and taking into account that investing in stocks by nature carries high risks.

3.13. The Standard & Poor's Shariah-compliant Saudi stock index is the fund's guiding index. It is an index issued by

Standard & Poor's and Dow Jones Indices, and it specializes in measuring price changes in stocks listed in

the Saudi markets that are compatible with the fund's Sharia standards. The investor can obtain complete

information about the indicative index from the Standard & Poor's and Dow Jones websites

www.spindice.com

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 3.14. The Fund will not invest in derivatives.

3.15. The Fund Manager and/or any of his affiliates have the right to enter as an investor in the Fund at any time he wishes, and the units of the Fund Manager and his

affiliates will be treated similarly to the units of subscribers to the Fund and in accordance with the subscription and redemption provisions in these terms and

conditions.

4. The main risks of investing in the Fund

4.1. The Fund’s assets will be subject to a number of risks associated with investing in stock markets, and the investor must be aware that the

value of the investment units can decrease or rise at any time, and no assurance can be given that the Fund’s investment strategy will

be implemented successfully or that the investment objectives will be achieved. .

4.2. The past performance of the Fund and the past performance of the benchmark index do not indicate what the Fund’s performance will be in the future.

There are also several factors that affect the Fund's performance, and the Fund's unit price will change periodically depending on changing market

conditions and monetary policy or due to any economic, political, financial, or security developments, or other natural disasters.

4.3. There is no guarantee to unitholders that the absolute performance of the Fund or its performance compared to the benchmark index will repeat or be similar to

previous performance.

4.4. Investors must be aware that investing in the Fund is not a deposit with any local bank that sponsors the Fund, sells

Fund units, or is associated with the Fund in any way.

4.5. The Fund may be exposed to loss, and there is no guarantee provided to the investor regarding the original amount invested nor regarding any returns.

4.6. List of the main potential risks associated with the investment:

4.6.1. Stock market risks: The value of shares fluctuates depending on any developments related to the issuing company, the

market, political and economic developments, and supply and demand factors. These developments could result in

sharp fluctuations in stock prices in the short term. Developments related to issuing companies and political and

economic developments can also affect the share price of a single company or the share price of a group of

companies within the same industry, economic sector, or geographic region, or on the market as a whole.

4.6.2. Economic risks: Political and economic conditions in India, regulatory or fiscal changes, or changes in

economic policy can have a significant impact on the Saudi stock market and in... The countries

surrounding or associated with it.

4.6.3. Risks of the issuing company: The value of the share or security may be affected by any changes occurring in the financial

situation of the issuing company or its subsidiaries, or any changes occurring in specific economic or political

conditions that affect the type of share or issuing company.

4.6.4. Concentration risks: Given that the fund focuses its investments in the Kingdom, it is expected that the fund’s performance will be closely related

to the economic and political conditions of the Kingdom and that its performance will be more volatile than the performance of funds that

are more diversified in terms of their geographical spread.

4.6.5. Legal risks: The legality of the companies invested in is reviewed and may result in the removal of any company that is found to be

in compliance with legal regulations in order to appear to be an appropriate return or an appropriate return. Wair

13
 And the worst and most economical circumstances. They also intend to dispose of the distribution companies by Arboooah

paying them to charitable organizations as a means of purification.

4.6.6. Liquidity risk: This is the risk of a decrease in liquidity in the market in which the Fund invests, which increases the possibility of settling part of

the Fund’s assets, as well as in the event of an increase in the market demands and immediate redemption on the day of evaluation or

compensation for compensation. 10% of the value of the fund’s assets and its title and the amount of deferral of redemption requests to

the next calendar day In proportion and proportion.

4.6.7. Regulatory risks: Any measures that may potentially affect the fund’s performance in any way may affect the fund’s performance in

the event that the current rules and regulations approved for the work of this fund change.

4.6.8. Taxes and expenses: Where these taxes are paid, including the ad valorem tax, and the impact of fees,

expenses, costs and other costs associated with the management of the Fund, where these taxes are paid.

They imposed it to reduce the returns associated with the assets and investments in the fund. According to the

relevant laws and regulations, failure to comply with any of these obligations imposed in relation to the value-added

tax will lead to the imposition of financial fines and other regulatory penalties.

4.6.9. Risks of collecting zakat: As is known, the rules for collecting zakat from investors in investment funds have come into effect on

January 1, 2023 AD, as new and modern rules added to the system of other zakat collection rules. Given the newness of this

type of rules, it is unclear the extent of the impact of such rules. This is on the Fund and its investors, and therefore this

requires full knowledge and understanding of the nature and method of applying the collection of Zakat from investors in the

fund units in accordance with what is imposed under the issued rules.

4.6.10. Interest rate risks: Changes in interest rates could have a significant impact on the sale of securities.

Financial and corporate shares, and thus the unit price of the fund.

4.6.11. Small-cap stock risks: These are represented by the high fluctuations that are exposed to small-cap

stocks, whether they are rising or falling, which makes stocks more risky than the stocks of large

companies and may Reverse this on the unit price of the fund.

4.6.12. Risks of exercising the Fund's assets and investments in private sectors: Shares operating in private sectors may increase the amount of equity

and investments in the Fund, due to a ratio exceeding the weight of the shares in the private equity and investment securities of the Fund.

This would make the Fund more vulnerable to fluctuations in the future and would be exposed to

It has that sector or that stock, and this may be reflected in the price of the units.

4.6.13. Credit Risk: When investing the Fund’s assets and engaging in Murabaha or Sukuk transactions, there is

credit risk that arises from the possibility of the latter’s future debts or liabilities being incurred.

Moreover, at the specified time, or when the possibility of blackout is permanently restored, it will have a negative impact on the price of

the fund.

4.6.14. Administrative risks: The Fund’s returns may change as a result of a change in the Fund’s management lists or the Fund’s fees and

expenses, and thus the prices of its units may be affected.

4.6.15. Technical risks: losses in the Fund’s returns as a result of disruptions or defects in communications, equipment, equipment, or information

systems, or hacking and malware attacks, or Al-Atool Al-Fanawwi, sooooooooooooooooooooooooooooooooooooooooo

Whether partial or complete, which may affect the unit price of the fund.

4.6.16. Risks of conflict of interests: Conflicts of interest may arise between the Fund’s founder or relevant parties

involved in the Fund while managing the Fund. If there is any discrepancy, there will be reconciliations

14
 The Fund Manager's ability to perform his duties in an objective manner will have a significant impact on the Fund's investments and

performance.

4.6.17. Risks of legal disputes: If legal disputes arise between any of the parties related to the Fund or within the Fund

and any of these parties, this will lead to a disruption of the Fund’s operations and thus this may affect On a

negative impact on the price of its units.

4.6.18. Risks of loss of key employees: The loss of the Fund’s founder and/or the Fund’s manager at the local and/or any external

staff of the Fund’s key employees, i.e. their employees, or the delay or failure to arrive at the Fund. Power buckets

and a high impact on the Fund’s manager’s ability to implement the Fund’s financial and investment strategy.

Which may negatively affect the investment value and unit price in the fund.

4.6.19. Risks of failure to issue a valuation of the Fund’s assets: In the event of unforeseen events occurring related to the markets in which the Fund

invests, or the occurrence of extreme political or climatic events, or other adverse or bilateral circumstances, there may be losses. The

Fund's price will be subject to an increase in the stock price and its investments and, consequently, the price of the fund will be subject to

these circumstances.

4.6.20. Hidden thoughts Credit scoring: Any change will be evaluated by credit scoring agencies to mitigate it.

The credit rating of fixed income instruments, their origin, or their theoretical condition may have a negative impact on the

value of investments and therefore on the unit price of the fund.

4.6.21. Makhnat Al -Aktamoad Owwowi Al -Taswnif Al -Wawoudi for the tools of

Al -Wwwwwwwwwout:
The fund manager conducts its internal and external credit evaluation. Any change in the financial positions of the issuers of

these instruments may affect their value, which may affect the prices of the Fund’s units.

5. Risk assessment mechanism

The fund manager's risk department monitors the performance and investments of the fund on an annual basis or when needed in

accordance with the fund's risk policy, and submits a report to senior management, the risk committee and fund management.

6. The target group for investing in the fund

The target group for investment in the Fund is investors from the category of retail clients, qualified clients, and

institutional clients, according to the definition contained in the list of terms used in the regulations and rules of the Capital

Market Authority.

7. Investment restrictions/limits

During his management of the fund, the fund manager is committed to the restrictions and limits imposed by the Investment Funds Regulations and the terms and conditions of

the fund.

8. Currency

The Fund uses the Saudi Riyal as its base currency, and in the event of subscription or redemption of units in a different currency, the investor’s

funds will be converted into Saudi Riyals at the prevailing exchange rate on the relevant dealing day. If there is fluctuation

15
 In the price used between the day on which the investor submitted the request to purchase units and the day on which the investor’s request is

executed, any losses resulting from this change are borne by the investor alone without any obligation from the fund manager.

9. In exchange for services, commissions and fees

9.1. The Fund pays the following fees and payments from its assets as consideration for the services provided to it:

9.1.1. Management fees: The fund pays the fund manager a management fee of 1.5% annually of the net asset value of the

fund, calculated on a daily basis and paid on a quarterly basis.

9.1.2. Custodian fees: The Fund pays the custodian a fee of 0.039% annually of the total value of assets, in addition to

10 US dollars for each transaction, calculated daily and paid on a monthly basis.

9.1.3. Indicator fees: The Fund pays the indicative index fees as shown in the list of fees and
expenses (9.2)

9.1.4. Remuneration of members of the Fund’s Board of Directors: 8,000 Saudi riyals annually as a remuneration for each independent member, with a maximum of

16,000 Saudi riyals annually.

9.1.5. Chartered accountant’s fees: The chartered accountant will receive a maximum of 50,000 Saudi riyals.

9.1.6. Regulatory fees: A fee of 7,500 Saudi riyals for monitoring the disclosure of each investment fund.

9.1.7. Sharia services fees: The committee will receive a total fixed annual fee of 10,000 Saudi riyals in exchange for its

services to the fund.

9.1.8. Tadawul website: A fee of 5,000 Saudi riyals annually for publishing information on the Tadawul website.

9.1.9. Dealing expenses: Dealing expenses are paid directly by the Fund, and these fees are calculated according to the

applicable dealing fees in the markets in which trading takes place or the fees agreed upon with brokers.

9.1.10. Other expenses: The Fund pays other expenses, including, but not limited to, related costs
By preparing bulletins, reports and notices to investors, printing and distributing those bulletins, reports and notices,

and any exceptional and other expenses such as liquidation expenses, provided that these expenses do not exceed a

maximum of 0.25% annually of the net asset value. There is a detailed list of fees and expenses in clause (9.2).

9.2. Fund fees and expenses

Fund fees

Entry Fee Up to 2% is deducted from the total subscription amount, and is deducted M
No before purchasing units

Fund management fees 1.5% annually of net asset value calculated on a basis x daily at each calendar

0.039% annually of the total asset value in addition to Yes

10 USD per transaction It is calculated daily and paid
Custody fees
a monthly basis

Fund Board of Directors 8,000 Saudi riyals annually as a reward for each independent member, b HA maximum of 16,000 Saudi riyals Annually

16
 Chartered accountant fees A maximum of 50,000 Saudi riyals annually.

Index fees
A maximum of 50,000 Saudi riyals annually.
Heuristic

Regulatory fees 7,500 Saudi riyals annually, paid to the Capital Market Authority

Sharia services fees 10,000 Saudi riyals annually

Tadawul website 5,000 Saudi riyals annually

The tax value added to the top of the box will be paidDr
Mo
The Fund will be provided with They decided to impose it, but if they

to the service provider (in addition to the recorded Yes

ainformation, fees and charges decided, they agreed and agreed upon

value of this tax on the value tax invoice). M

Hrelated to the service provided. it.

Value added tax

If the value-added tax is imposed on the Fund, HOr any other service fees or Introduction by
the customer will pay the Fund (in addition toYes
acharges may be imposed) A sum equal to a value
this tax).

9.3. Subscription fees: A subscription fee payable to the fund manager and paid by the investor is deducted at a fixed rate not exceeding 2% of the total

subscription amount. It is deducted from it before purchasing the units.

9.4. A hypothetical table showing the ratio of the fund’s costs to the total value of the fund’s assets at the fund and

unitholder levels during the life of the fund: Assumptions used below:

- The unit owner owns his investment unit in the fund for a full year

- The owner of the investment units invested 100,000 Saudi riyals

- The total size of the fund is 200 million Saudi riyals, with no changes

Expenses Fees payable H

Fees comments
(% or amount ) (SR)
Entry Fee %2 2000 Deducted from the total purchase amount K
Fund operating expenses/expenses

$10 per transaction calculated daily And

Custodian fees %0.039 39
Paid on a monthly basis

Chartered accountant fees 50,000 riyals Come back 25

Regulatory fees 7,500 riyals Afriendly 4
Tadawul website 5,000 riyals Afriendly 3
Indicator fee 50,000 riyals Come back 25
Fund Board of Directors 16,000 riyals Come back 8
Sharia services fees 10,000 riyals Come back 5
Fund management fees %1.50 1,498 Fund management fees for one year Religion

Total recurring costs ratio %1.61 1,607

Total non-recurring cost ratio RH %2.00 2,000
Total cost ratio 3.61% 3,607 Including subscription fees

17
 *Note that the above example does not include the calculation of value-added tax, which will be calculated according to what is approved by the relevant official authorities.

9.5. Any special commissions, if any, that the fund manager receives during the fiscal year will be disclosed through the

annual fund reports issued by the fund manager.

9.6. Zakat and tax information:

9.6.1. The Fund Manager will not be responsible for paying any zakat on behalf of unit owners, and each unit owner must pay his own

zakat arising from his ownership of the units. The Fund Manager also undertakes to provide the Zakat, Income and Customs

Authority with all reports and requirements regarding zakat declarations. The Fund Manager will also provide unit owners

with zakat declarations. When requested in accordance with the rules, taxpayers subject to the provisions of these rules who

own investment units in the fund are required to calculate and pay zakat on these investments.

You can also view the rules of the Zakat Authority through
the site:https://zatca.gov.sa/ar/Pages/default.aspx.

9.6.2. The Fund is subject to the tax regulations applied in each financial market in which it invests.

9.6.3. All fees and charges mentioned in these terms and conditions and/or any related documents do not

include value added tax unless otherwise stated.

9.6.4. In the event that VAT is imposed or may be imposed on any service provided to the Fund,
the Fund will pay the service provider (in addition to any other fees or expenses)
A sum equal to the value recorded for this tax on the VAT invoice for the service in
question.

9.6.5. In the event that value added tax is imposed or may be imposed on any service provided by the Fund,

the customer will pay to the Fund (in addition to any other fees or expenses) a total equal to the

value of this tax.

9.7. There are no commissions other than those mentioned in this article.

9.8. A hypothetical example showing all fees and expenses from the Fund's assets or by the unitholder based on the Fund's

currency:

As described in paragraph 9.4 above.

10. Evaluation and pricing

10.1. The Fund's total assets include the value of shares, dividends, cash, profit returns, and other
investments owned by the Fund.

10.2. The net value of the assets is the sum of the fund’s total liabilities and the total value of its assets. The
total amount required, above mentioned herein, includes all transaction fees, custody, mediation,
other fees, fees and expenses paid or accrued to any party providing services to the Fund, and all
expenses and costs. Related.

18
 10.3. In relation to the Fund’s assets listed on a recognized financial market, the latest market price will be used for the purpose of evaluating the

transfer of assets, or in relation to the investment funds invested in, the latest published asset value for each unit will be used in order

to determine the fairness. The value of the fund's assets.

10.4. The fund's assets are evaluated five times a week on specified dealing days (Sunday to Thursday). Based on the closing stock

prices available on that day unless the markets are not operating on that day, in which case the evaluation is based on the last

closing prices for those stocks.

10.5. The Fund Manager will document any incorrect valuation of the Fund’s assets or incorrect calculation of the unit price if this

occurs, and will compensate all affected unit owners (including previous unit owners) for all valuation or pricing errors

without delay, and immediately inform the Authority of any error in the valuation or pricing. Pricing constitutes 0.5% or more

of the unit price, and this is disclosed immediately on its website, the market’s website, and in the fund’s reports.

10.6. The value of the Fund's funds is determined by dividing the value of the Fund's assets, the value of the total outstanding investment funds

on the day of the legal transaction, and their compensation. The value of assets is proportional to the current investment and unit price

for the purposes of executing subscription and redemption requests.

10.7. The Fund Manager will publish the valuation price of the Fund units at a maximum on the business day following the dealing day

on the Fund Manager’s website as well as on the Saudi Stock Exchange (Tadawul) website for that purpose.

11. Dealing

11.1. The Fund began receiving subscriptions on October 21, 1998, at an initial price per unit of 100 Saudi riyals.

11.2. Dealing days are from Sunday to Thursday, excluding official holidays in the Saudi stock markets, and the last time to receive the subscription or

redemption request form and the subscription amount from the investor is before four o’clock in the afternoon on the business day preceding the

dealing day. Note that the subscriber does not obtain a certificate of ownership for the investment units. Rather, all investment units are registered

in the unit registry maintained by the company as sub-accounts with him in digital or written form or by electronic means, and each investor

receives from the company a notice showing the details of the units purchased by the investor.

11.3. Procedures for submitting subscription and redemption requests:

11.3.1. The investor who wishes to subscribe to the fund must open an account with the fund manager through which subscription and

redemption operations can be carried out.

11.3.2. The investor can subscribe to the fund by filling out the subscription form, signing the terms and conditions, and transferring the

subscription value to the fund manager. The investor will be allocated a number of units calculated by dividing the

subscription amount, minus the subscription fees due, by the net value of the unit as at the close of the relevant dealing day.

11.3.3. If the investor wishes to pay the value of his subscription by a means other than debit to the account, such as a personal or bank

check or bank transfer, the subscription request will be executed on the dealing day following the fund manager’s collection.

The subscription amount, receipt of the subscription form, and terms and conditions signed by the investor.

19
 11.3.4. The investor can redeem all or part of his units by filling out a redemption request form, signing it, and submitting it to the fund manager. The

amount that the investor receives as a result of his redemption request is calculated by multiplying the number of units to be redeemed

by the net value of the unit for the trading day in which the request was executed.

11.3.5. An investor who submits a redemption request correctly can request withdrawal of the redemption request. The company reserves

the right to accept or reject this request at its absolute discretion.

11.3.6. The redemption proceeds are paid to the investor within four days from the end of the dealing day on which the redemption request was

executed.

11.4. The Fund Manager has the right to reject a request to subscribe to investment units in the Fund for a person who is not eligible

to invest in the Fund under any other relevant system.

11.5. The subscription or redemption of units will be suspended in the following cases:

11.5.1. If the Authority requests it.

11.5.2. If the Fund Manager reasonably believes that the suspension is in the interests of unit holders.

11.5.3. If trading is suspended in the main market in which securities or other assets owned by the Public Fund are

dealt with, either in general or with respect to the Fund’s assets that the Fund Manager reasonably believes

are material to the Fund’s net asset value.

11.6. In the event of any suspension of subscription or redemption, the following measures will be taken:

11.6.1. Ensure that any suspension continues only for the necessary and justified period, taking into account the interests of unit owners.

11.6.2. Review the commentary on a regular basis and consult with the fund board, custodian and fund operator about

it on a regular basis.

11.6.3. Notifying the Authority and the unitholders immediately of any suspension, explaining the reasons for the suspension, and notifying the

Authority and the unitholders immediately upon the end of the suspension in the same manner used to notify the suspension and

disclosing that on the fund manager’s website and the financial market’s website.

11.6.4. If there is a redemption request made by the Investor that is not executed due to the suspension, it will be executed on the first dealing day after

the suspension ends unless the Investor has requested in writing to withdraw it three (3) days before the suspension is lifted.

11.7. The Fund Manager has the right to postpone meeting any redemption request to the next dealing day in the following cases:

11.7.1. If the total percentage of all redemption requests required to be executed on any given day amounts to 10% or more of the net

asset value of the Fund.

11.7.2. If trading is suspended in any of the markets in which the Fund has assets or securities or in relation to Fund assets that

the Fund Manager reasonably believes are important relative to the Fund’s net asset value.

11.8. Ownership of the units will not be transferred between investors.

20
 11.9. The minimum initial subscription to the fund is 5,000 Saudi riyals and the additional subscription is 500 Saudi riyals, and the minimum

subscription and additional subscription through regular subscription programs is 100 Saudi riyals, noting that the fund manager has

the right to change this minimum. The investor can submit a redemption request for all or part of his units.

12. Distribution policy

The Fund will not distribute cash dividends as this is not part of its objectives.

13. Submitting reports to unit owners

13.1. The fund manager will prepare the fund’s annual reports, including the audited annual financial statements and the quarterly

statement, and provide them to the unit owners free of charge.

13.2. The annual reports will be made available to the public within a period not exceeding (3) months after the end of the reporting period and

after the Fund Manager’s website and the Financial Market (Tadawul) website.

13.3. The preliminary financial statements will be prepared and made available to the public within a period not exceeding (30) days

from the end of the list period, via the Fund Manager’s website and the Financial Market (Tadawul) website.

13.4. The Fund's annual financial report will be published on the Fund Manager's
website and the Financial Market (Tadawul) website.

13.5. The Fund's net asset value will be made available for inspection by unit owners without charge, as well as all previous

NAV figures, through the investment centers affiliated with the Fund Manager.

13.6. The Fund's annual financial statements will be made available through the Fund Manager's website and the Financial Market

(Tadawul) website.

13.7. The audited annual financial statements are published at the end of the Fund’s fiscal year, bearing in mind that the Fund’s fiscal

year begins on 1/1 and ends on 12/31 of each calendar year.

13.8. The Fund Manager is committed to providing the Fund's audited annual financial statements free of charge upon request.

14. Register of unit owners

14.1. The fund manager will return the logo to the unit owners, update it and maintain it within the property, and the logo will be provided to the unit owners as

conclusive proof of ownership of the units installed in it.

14.2. The records of all investment securities are recorded in the financial records of the entities maintained by the Company as sub-accounts of the Company in

digital, written or electronic form, and the Company is responsible for investing in the Company's financial assets. Where are the details of the units

purchased by the investor?

15. Unit owners meeting

15.1. The Fund Manager has the right to call a meeting of unitholders on his own initiative.

15.2. The fund manager shall call for a unitholders' meeting within 10 days of receiving a written request from the custodian.

21
 15.3. The fund manager shall call for a unitholders' meeting within 10 days of receiving a written request from one or more

unitholders who jointly or individually own at least 25% of the value of the fund's units.

15.4. The invitation to hold a unitholders’ meeting shall be made by announcing this on the Fund Manager’s website and the Financial Market

(Tadawul) website, and by sending a written notice to all unitholders and the custodian no less than 10 days and no more than 21 days

before the date of the meeting, provided that the date of the meeting is clarified. Its place, time, and decisions proposed in both the

notice and announcement, and sending a copy of the notice to the Authority.

15.5. The unitholders' meeting shall not be valid unless it is attended by a number of unitholders who collectively own at least 25% of

the value of the Fund's units.

15.6. If the quorum described in Clause (15.5) is not met, the fund manager must call for a second meeting by announcing this on its website and

the website of the Financial Market (Tadawul) and by sending a written notice to all unit owners and the custodian no less than 5 days

before the date of the second meeting. The second meeting is considered valid regardless of the ownership percentage of the units

represented at the meeting.

15.7. When preparing the agenda for the unitholders’ meeting, the fund manager must take into account the topics that the unitholders

wish to include. Unitholders who own at least 10% of the value of the General Fund’s units have the right to add one or more

topics to the unitholders’ meeting agenda, provided that they do not overlap. The proposed topic includes the responsibilities

and duties of the fund manager under the provisions of the Investment Funds Regulations and the terms and conditions of the

fund.

15.8. The fund manager may amend the agenda of the unitholders’ meeting during the announcement period referred to above,

provided that he announces this on his website and the website of the financial market (Tadawul), and by sending a written

notice to all unitholders and the custodian at least ten days before the meeting and within No more than 21 days before the

meeting.

15.9. Each unitholder may appoint an agent to represent him or her at the unitholders’ meeting.

15.10. Each unit owner may cast one vote at the unit owners meeting for each unit he owns at the time of the meeting.

15.11. It is permissible to hold meetings, meetings, meetings, discussions, discussions, and decisions by means of modern technological means in

accordance with the controls set by the Authority.

16. Rights of unit owners

16.1. The purchased items shall be the property of the potential owners of the items upon execution of the bidding request on the dealing day following the

deadline for submitting subscription and redemption requests.

16.2. Unit owners have the right to exercise all rights related to units, including, including but not limited to,
the right to vote in unit owners’ meetings.

16.3. Participants in the Regular Show Programme, who have completed 12 consecutive months of subscriptions, may receive a refund equivalent to 50% of the

amount of the management fees due to the Fund Manager (returns of the total annual costs paid back). Management fees (administration fees) on

the previous deposits left in the lobby during the programme, and these are new additional payment methods issued by the Fund Manager. From his

account to each subscriber in exchange for the refund amount due to him.

22
 16.4. The Fund's Board of Directors agrees with the general policies relating to the exercise of the voting rights granted to the Fund under

securities that constitute part of its assets. The Fund Manager decides whether or not to exercise any voting rights in accordance with

what is required by the approved written policy approved by the Board of Directors of the Fund and in a manner that achieves the

interests of the unit owners.

17. Liability of unit owners

It is necessary to take into account Article (4) of these terms and conditions relating to the “principal risks of

investments within the Fund”, and any risk of loss of equity assets within the Fund or part of it, not The unit owners

are responsible for the fund’s debts and obligations.

18. Unit characteristics

The fund consists of one class of units.

19. Changes in the terms and conditions of the Fund

19.1. The Fund Manager will obtain the approval of the Fund Owners for the fundamental changes proposed to the Fund

through a regular Fund resolution, and then obtain the Authority’s approval for the change.

19.2. The Fund Manager will notify unit owners and authorized personnel of the details of the fundamental changes to the Fund via

the Fund Manager’s website and the Financial Market website or through a method communicated by the Authority, 10

days before these changes become effective.

19.3. The Fund Manager will notify the Authority and its owners of the information and disclosures via its website and the Financial Market

website or in the manner determined by the Authority regarding any fundamental changes in the Fund 10 days before the change

becomes effective.

19.4. The Fund Manager will obtain the approval of the Fund Board of Directors to accept any fundamental or non-fundamental

change.

19.5. Details of all changes will be stated in the Fund's reports.

20. Termination and liquidation of the fund

20.1. The Fund Manager may terminate the Fund if the value of the Fund’s assets under management or the expected rate of return is, in

the Fund Manager’s opinion, sufficient to justify the continuation of the Fund’s operations, or as a result of any change in laws or

regulations, or due to circumstances. Others that the fund manager believes have an impact on the fund’s work.

20.2. The Fund Manager shall review the steps and procedures for terminating the Fund in the interests of the individual owners, and obtain the

approval of the Fund’s Board of Directors upon notification of the Authority and the individual owners. Written proposals detailing the steps and

procedures for winding up the fund before accepting a proposal that does not say within 21 days the dates on which the fund is intended to be

wound up.

23
 20.3. The fund manager shall notify the Authority and unit owners in writing of the expiry of the fund within 10 days from the end of the

fund term.

20.4. If the Fund’s term expires without the Fund Manager having completed the sale of the Fund’s assets during its term, the Fund

Manager may liquidate the assets and distribute the rights of the owners of the Fund’s assets within a period not exceeding 6

months from the expiration date. Duration of the fund.

20.5. The Fund Manager shall obtain the approval of the Fund Board of Directors regarding the steps and procedures for liquidating the

Fund before taking any action in this regard.

20.6. The fund manager shall notify the Authority and unit owners in writing of the completion of the liquidation of the fund within 10 days of the end

of the liquidation of the fund.

20.7. The Fund Manager shall announce on its website and the financial market website the date of the expiration of the Fund’s term or its

expiration date, and shall also provide the owners of the units with a report on the Fund’s termination during the term of the Fund.

70 days from the completion date of the Fund’s termination or liquidation, including the final audited financial statements of the

Fund for the subsequent period. The latest audited annual financial statements.

20.8. The fund manager must treat all unit owners equally during the process of winding up or liquidating the

fund.

20.9. The fund manager may distribute the entitlements to the owners of the funds immediately upon the expiration of the term of the fund or its liquidation,

without delay and in a manner that does not conflict with the interest of the unit owners and the terms and conditions of the fund.

20.10. The authority may remove the fund manager and the Sufi operation took place in the same place as the fund manager and the owner of the box.

And the box hoards, they are likely to howlThe Sudanese Sufis are among the souls of the society in which the vote of its rulers is based.

Units on the dismissal of the fund manager.

20.11. When the fund manager removes the Sufi works, the founder of the co-operative fund must completely

transfer the Sufi responsibilities to the assisted Sufis. And that all related documents be transferred to him.

In the Fund, they were able to complete the work of the Fund within 20 days, and the Authority decided to remove the Fund Manager and

appoint an alternative liquidator.

20.12. The Fund Manager must issue a written notice to the Fund Manager and appoint a
replacement liquidator.

20.13. In all cases, the Fund Manager shall notify the Authority and the owners of the Funds in writing immediately and without any delay

regarding any material events or developments during the Fund’s liquidation period.

20.14. Upon the expiry of the Fund's term, the Fund Manager shall not receive any fees related to the Fund's assets.

21. Fund manager

21.1. The fund manager is a major financial markets company, and the fund manager acts for the benefit of the unit owners under the

provisions of the Investment Funds Regulations, the Financial Institutions Regulations, and the terms and conditions of the fund. The

obligation to comply with all the obligations and duties stipulated in the Financial Institutions Regulations is hereby stated.

24
 The obligation of security is not guaranteed by the owners, which includes working to achieve their interests and in all reasonable

cases.

21.2. Today, the Fund's license was approved by the Authority under the provisions of the Law No. 2-38-2007 and the dates 7/8/1428, corresponding to

7/2/2007. 2 AD They have just succeeded in obtaining the license number 37- 07076 by engaging in the business of dealing as assets and

securities, undertaking coverage, management, arrangement, providing legal advice and custody. Securities transactions, and permission to

practice the activity was obtained on 3/28/1429 AH, corresponding to 04/05/2008 AD.

21.3. The address of the main headquarters of the Al Jazeera Financial Markets Company is: B. Box 20438, Al-Riyadh 11455,

Kingdom of Saudi Arabia, phone number 0112256000, phone number 0112256068, located at the top of the

Internet:www.aljaziracapital.com.sa.

21.4. The paid-up capital of the fund manager is (500,000,000) Saudi riyals.

21.5. The total revenues of the island company to the financial markets in the fiscal year 2022 reached (377.16) million Saudi

riyals, and the profits reached (133.12) million Saudi riyals, and it can be... Walaa Alawi posted the Fund Manager’s

audited financial statements on his website.

21.6. The fund manager is responsible for doing the following:

21.6.1. Fund management.

21.6.2. Offering fund units.

21.6.3. The assurance is that the terms and conditions of the Fund are accurate, complete and complete, clear, correct and not

misleading.

21.6.4. Accept and manage subscription and redemption requests.

21.7. The Fund Manager is responsible for the provisions of the Funds Regulations, whether he performs his responsibilities and

duties directly or indirectly through an external body. The Fund's owners are responsible for recovering from the Fund's

losses resulting from its fraud, negligence, misconduct, or willful negligence. The Fund's founder is not responsible for

any lawsuits or claims made by women. It is either a loss of an opportunity or an actual loss

Or a loss incurred by the investor, unless it is a case of negligence, habit, misconduct, or illegitimate misconception on

the part of the fund manager.

21.8. As of the dates of these Terms and Conditions, there are no other corporate or other interests of the Fund Manager that are of

fundamental importance, or that may conflict with the Fund’s activities.

21.9. The Authority may remove the Fund Director and take any action it deems appropriate to appoint the Fund Director and take any other measure it

deems appropriate, in the event of the occurrence of any of the following cases:

21.9.1. The fund manager shall stop practicing the activity of managing stocks, investments, operating funds, or the activity of managing investments without

notifying the Authority thereof in accordance with the Financial Market Institutions Regulations.

25
 21.9.2. Canceling, withdrawing, or suspending the Fund Manager’s license to carry out the activity of stock and investment management, the operation of funds, or

the investment management activity, or its withdrawal or suspension by the Authority.

21.9.3. There is a request from the Authority and the Fund Manager to cancel its license to engage in investment management activities,

fund operations, or investment management activities.

21.9.4. If the Authority deems that the Fund Manager is in breach - in any significant way - in complying with the law or its executive

regulations.

21.9.5. The manager of the investment portfolio who manages the fund’s assets becomes old, old, or old, and there is no longer the presence of

another person registered with the fund manager who is able to manage the fund’s assets.

21.9.6. Any other case that the Authority considers - based on reasonable grounds - to be of fundamental importance.

22. Fund operator

The Fund Manager will be the Fund Operator, and in addition to the Fund Manager’s duties referred to in these Terms and Conditions, the Fund

Operator’s duties, duties, and responsibilities include evaluating the Fund’s assets in accordance with what is described in these Terms and

Conditions, maintaining books and records, and preparing and maintaining a register of unit owners in the Kingdom as stipulated. It is stipulated in

the investment funds regulations.

23. Custodian

23.1. The custodian of the Fund's assets is HSBC Saudi Arabia.

23.2. The license is issued to the Financial Market Authority on the dates of 01/05/2006 and the license is issued to the Financial Market

Authority No. 37-05008.

23.3. Address of the main office of the Custodian:

HSBC Building 7267, Olaya Street (Al Murooj District)

Riyadh 2255-12283
Kingdom of Saudi Arabia
Tel: +96612992481

Website: www.hsbcsaudi.com

23.4. The Custodian of the Custodian is responsible for his obligations in accordance with the provisions of the Investment Funds Regulations,

whether he performs his responsibilities directly or indirectly through third parties. The custodians are responsible for the fund

manager and the owners of the fund for the losses of the fund resulting from fraud, negligence, misrepresentation or intentional

negligence.

23.5. The Custodian is responsible for ensuring the preservation of the Fund’s assets and protecting them for the interests of the unit owners. He is also

responsible for taking all necessary administrative measures related to the custody of the Fund’s assets.

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 23.6. The fund manager has the right to provide custodial services, in whole or in part, to other custodians in accordance with the financial market

regulations, as permitted by the agreement concluded between the fund manager and the custodians. The Fund's trustees have rights in the

ownership of a third or more party or any of their subordinates in the employ of the trustees of the securities and the principals of the Fund.

To pay the fees and expenses of any sub-custodian from his own resources.

23.7. Until the date of preparing these terms and conditions, the Custodian has not delegated any of its duties to other parties.

23.8. The Authority has the right to dismiss the Custodians of the Trust and the Fund Manager or take any appropriate action it deems necessary in the event of any of the

following cases:

23.8.1. The custodian shall cease practicing custodial activities without disgrace to the Authority, in accordance with the Financial Market

Institutions Regulations.

23.8.2. Canceling, withdrawing or suspending the custodian’s license to practice custodial activity by the Authority.

23.8.3. Submit a request to the Authority from the custodian to cancel his license to practice conservation activity.

23.8.4. If the Authority deems that the custodians are in breach - in any significant way - in complying with the law or its executive

regulations.

23.8.5. Any other case that the Authority considers - based on reasonable grounds - to be of fundamental importance.

23.8.6. The Fund Manager may sign and remove the appointed Custodians of a contract they have accepted on the basis of a written notice if he reasonably

considers that the Custodians have been dismissed in the interests of the unitholders, and the Fund Manager must notify the Authority and the Unit

Owners thereof immediately and in writing.

24. Fund Board of Directors

24.1. The management of the Fund shall be appointed by a Board of Directors appointed by the Fund Director and approved by the Authority. The Fund's Board of Directors

consists of four members, including two independent members appointed by the Fund Manager.

24.2. The Council consists of the following members:

- a. Saad Abdulaziz Al-Ghurairi - Chairman of the Board of Directors (non-independent)

He currently works as a Head of Business and Strategy Development Department at the Al Jazeera Financial Markets Company. He has

extensive experience in the following sectors, where he has returned to a leadership position from the end of the year. The general

presentation of the deposit tools is at the Financial Market Authority, the executive director of the treasury is at the Real Estate

Development Fund, and the director of the management of licenses and endowment products is at the General Authority of Endowments. .

He holds a Bachelor’s degree in Business Administration from Kings University in Saudi Arabia, and a Master’s degree in Business

Administration from Barry University in the United States of America.

- a. Marco Mauri – Member of the Board of Directors (non-independent)

He currently holds the position of Chief Executive Officer of Investments at the Capital Island. He has 20 years of work

experience in asset management and financial markets across multiple asset classes in a European institutional setting.

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 And Gulf. He previously worked as a portfolio manager for financial markets and fixed income General Investment

investments. See your views on Asian and emerging markets, Generali

SGR Chairman of international and multi-asset investments, Al-Ahly Foundation, (Arca

Capitowal. He holds a Master's degree in Business Administration from the INSEAD University and a

Master's degree in Finance from the University of Cattolica Sacro Cuore in Italy, and he is a graduate

of Certified Financial Advisor (CFA) and Chartered Financial Market and Investment Analyst (CAIA)

with a finance qualification Islamic Qur’an (IFQ) from CISI.

- M. Fahd Mohammed Al-Jarallah - Member of the Board of Directors (Independent)

Obtained a Bachelor’s degree in Civil Engineering from King Saud University in Riyadh. You have extensive experience in project

management and construction, and have previously worked as a project manager in the Saudi real estate and telecommunications

companies. Saudi Arabia and the National Company for Advanced Systems, Nasoco/Motorola. He took over the management of various

projects, the most notable of which are the construction of political units in the Diplomatic Quarter in Rio de Janeiro and the Real Estate

Group 3. He also took over the management of developments in the Al-Muaiqli Center in Rio de Janeiro. Since 2012, he has been

working as Vice President of Operations and Projects at Tatweer Building Company.

- a. Abdulaziz Al-Tuwaijri - Member of the Board of Directors (Independent)

Obtained a high school diploma equivalent to a master's degree in advanced banking studies, the Institute of Public Administration,

Riyadh. He has extensive experience to provide twenty-one general positions in the banking, financial and investment sector, including

those working in Saudi central banks as the head of the Banking Inspection Department, and the Financial Market Authority as a

consultant in the Investment Awareness Department. He has extensive knowledge and practical experience in areas of management,

investment and real estate development. We are currently making a return to family life and developing residential projects in the city of

Riyadh.

24.3. The duties and responsibilities of the Board of Directors include:

24.3.1. Approval of all contracts, decisions, and essential reports to which the Fund is a party. This includes - but is not limited to -

approval of contracts for providing management services to the Fund, and contracts for providing custody services. This

does not include contracts concluded in accordance with investment decisions regarding any investments made by it.

The Fund has it or will do it in the future.

24.3.2. Adopting a written policy regarding voting rights related to the fund’s assets.

24.3.3. Supervision, and where appropriate, approval or ratification of any conflict of interest disclosed by the Fund

Manager.

24.3.4. Meeting at least twice a year with the Compliance and Compliance Officer and/or the Fund Manager’s Compliance and

Compliance Committee, to review the Fund’s compliance with all relevant laws, rules and regulations.

24.3.5. Ensure the completeness and accuracy of the terms and conditions of the fund and any other document (whether contract or otherwise) that includes

disclosures related to the fund, the fund manager, and his management of the fund, in addition to ensuring that the above is consistent.

With a list of investment funds.

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 24.3.6. Ensure that the fund manager carries out his responsibilities in the interest of unit owners in accordance with the provisions of the investment funds

regulations and the terms and conditions of the fund.

24.3.7. Review the report that includes an evaluation of the performance and quality of services provided by the parties concerned with providing

essential services to the Fund, in order to ensure that the Fund Manager is carrying out his responsibilities.

In order to achieve the interest of unit holders in accordance with the terms and conditions of the fund and what is stated in the investment

funds regulations.

24.3.8. Evaluating the mechanism for how the Fund Manager deals with the risks related to the Fund’s assets in accordance with the Fund

Manager’s policies and procedures regarding monitoring the risks related to the Fund and how to deal with them.

24.3.9. The employees are safe, feel good, care, care, care, and are entitled to the rights of the unit
owners.

24.3.10. You will record the minutes of meetings, which include all the minutes of the meetings and decisions.

Which was taken by the Fund’s Board of Directors.

24.4. The independent member receives an annual reward of eight thousand Saudi riyals.

24.5. Content of the terms and conditions of these Terms and Conditions, there is no actual or potential conflict of interest between the interests of the Fund

and the interests of the members of the Fund’s Board of Directors.

24.6. Members of the Fund’s Board of Directors occupy the Board of Directors of the following funds:

M. Fahd Al-Jarallah a. Abdulaziz

a. Saad Al-Ghariri a. Marco Mauri
(independent) Al-Tuwaijri (independent)

Al Jazeera Fund for... s They are global president - member member

Al Jazeera Fund for... s They are European president - member member

Al Jazeera Fund for... s They are Japanese president - member member

Al Jazeera Fund for... s They are Saudi Arabia president member member member

Al Jazeera Fund for Money RSearch in Saudi riyals president member member member

Al Jazeera Fund Las They are global markets

president - member member
Emerging

Al Jazeera Fund just now Dispose of assets -

president - member member
Growth strategy

Al Jazeera Fund just now Dispose of assets -

-
Nah
president member member
Parallel strategy
Al Jazeera Fund just now Dispose of assets -
-
ZH
president member member
Museum strategy

island box etc To come to income president member member member

Al Jazeera Re Fund T - - member member

Al Jazeera Fund for Money RSearch in US dollars president member member member

Al Jazeera Fund for s Cook president member member member

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25. Sharia Supervisory Board

25.1. The Fund Manager appointed the Sharia Committee of Al Jazira Financial Markets Company to monitor the business,

operations, investments and financing related to the Fund to ensure compliance and adherence to Sharia standards and

controls. The Sharia Committee consists of the following members:

- His Eminence Sheikh Dr. Abdullah bin Muhammad Al-Mutlaq (President)

He carries the testimony of his doctorate on Islamic jurisprudence and is an example of jurisprudence comparable to the custom of the ancient judiciary

at the University of Islam, based on the promises of Islam, and he has written a lot on the subject of twins and issues, including research papers and

articles. He is a member of the Supreme Council of Science in the Kingdom and the Permanent Committee for Fatwa in the Kingdom and an advisor to

the Royal Court. He also serves as a member of several Sharia committees in a number of banks.

- His Eminence Sheikh Dr. Muhammad Ali Al-Qari

Professor of Islamic Economics and former director of the Center for Islamic Economics Research at the Aziz

University of Malawi, and a member of the Shari’a Council of the Standards and Shari’a Supervision Board of the

Islamic Banks. Author of many publications and research in economics and Islamic banking.

- His Eminence Sheikh Professor Lahem bin Hamad Al Nasser

What a shame, this is the most wonderful thing in the world, the whole world is completely free from the promises of

Islamism. He currently holds the positions of the Vice Presidents of the Sharia Group of the island banks, the Vice

Presidents of the Sharia Group, the CEO of the Goodway Company, and the Executive Management Advisor of the

Financial Institutions Corporation. You are a specialist, and you are also a member of many companies and

associations.

25.2. The Fund’s Shari’a Authority determines the Shari’a standards that must be met by the Fund’s operations, and reviews and amends these

standards and ensures the Fund Manager’s compliance with them.

25.3. These include the immediate fees paid by the Fund for the services received, as stated in Clause 9 of these

Terms and Conditions.

25.4. The fund manager adheres to the standards issued by the fund’s Sharia Board, which are as follows:

25.4.1. That the basic principles of the partnership activity are permissible. Thus, investing and trading are not permissible in the case of the worst of them are joint-

stock partnerships whose main purpose is forbidden.

25.4.2. The total amount estimated at the interest rate (whether it is a long-term loan or a short-term loan) does not

exceed 33% of the total assets of the company or its average market value for the last two-month period,

whichever Bigger.

25.4.3. The investment value should not exceed 33% of the total assets of the company or its average market value for the last

twelve years, whichever is greater.

25.4.4. The total prohibited revenue - whatever its source - must not exceed 5% of the company’s total revenue.

30
 25.4.5. If the company is a twin partnership, it is required - in addition to previous controls - to issue a periodic report on all its

activities from an independent, legal authority.

25.4.6. In all cases, all prohibited income must be disposed of.

25.5. The Fund's assets are reviewed to a significant extent on a recent and immediate basis, and if any of the companies are no longer compliant with Sharia standards as a

result of changes in their financial statements, they are eliminated.

26. Auditor

The Fund's auditor is Becky F. Al-Bassam & Partners, License No.: 190100

26.1. Address of the auditor's main office: Prince Muhammad bin Abdulaziz Street (Tahlia), Al-Sulaymaniyah
District, Riyadh, Kingdom of Saudi Arabia. Phone +96612065333 Fax +96612065444 Website
www.pkf.com.

26.2. The auditor reviews the fund's financial statements and audits the fund's initial and annual financial statements. The auditor

must be licensed and independent from the fund manager in accordance with the independence standard specified in the

system of chartered accountants.

26.3. The approval of the Fund's Board of Directors must be obtained to appoint or change any alternative chartered accountant.

26.4. The Fund’s Board of Directors must approve the appointment of the auditor or direct the Fund Manager to change the

appointed auditor, in any of the following cases:

26.4.1. There are existing and substantive allegations about the auditor’s professional misconduct related to the performance of his duties.

26.4.2. If the Fund's auditor is no longer independent.

26.4.3. If the fund’s auditor is no longer registered with the Authority.

26.4.4. If the Fund’s Board of Directors decides that the auditor does not have sufficient qualifications and experience to perform the

audit tasks satisfactorily.

26.4.5. If the Authority, at its sole discretion, requests a change in the appointed auditor.

27. Fund assets

27.1. The assets of the investment fund are held by the custodian for the benefit of the fund.

27.2. The custodian must separate the fund’s assets from its own assets and from the assets of its other clients.

27.3. The Fund's assets are collectively owned by the owners of the assets, and the Fund's founder or Fund Manager may

not be a citizen of the Fund, the Fund's operator, the Fund's trustees, or the Fund's trustees. The employee,

adviser or distributor has any interest in, or claim in, the assets of the Fund, Unless the fund manager, the fund

manager is a citizen, the fund operator, the custodians, the custodians of the country, the advice provider or the

distributor are owners of properties inside the fund, and that is the case.

31
 It is not your property, or these claims are permitted under the provisions of the Stock Exchange and Investment Funds Regulations. M and wow

expressed in these terms and conditions.

28. Handling complaints

They can obtain a copy of the Fund's policy and approved procedures for handling complaints at the request of the person without compensation, and

this is also possible at any time of the year. In the event of inability to reach the complaint or receive a settlement within (30) business days, the

participant has the right to file the complaint with the Financial Market Authority - Department of Investors’ Complaints, and the participant also has the

right to file the complaint with Woody. The beginning of the chapters on securities disputes with a bright oath (90) on my calendar The date on which

the complaint will be submitted to the authority, unless the authority informs the person filing the complaint that it may be submitted to the committee

before the expiration of the period..

29. Other information

29.1. Unit owners have the right to review the policies and procedures adopted to address conflicts of interest and any potential and/

or actual conflicts of interest upon request and without charge.

29.2. Any person arising from the Fund's securities or investment property shall be referred to the Fund for disputes in securities disputes. The Arabic

language is the approved language as the basis for interpreting the terms and conditions.

29.3. The list of documents available to fund owners includes the terms and conditions of the fund, the fund reports and financial statements,

the contracts mentioned in the terms and conditions, and the financial statements of the fund manager.

29.4. Except for the above mentioned terms and conditions, the Fund Manager does not believe that there is any other information that should

be included in the terms and conditions of the Fund at this time.

29.5. There are no exemptions from the restrictions of the investment funds regulations.

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30. Acknowledgment from the unit owner

They have issued a copy of the terms and conditions of the partial fund for the Saudi shares, updated on the dates of 03/06/1445 AH,

corresponding to 09/21/2023. M and approval of the characteristics of the units that have been subscribed to.

the name: ................................................ ................................................

Identity number (national, residence, passport): ....................................... ...............

Investor signature

the date : ................................................ .........

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