Asset Management

Arabian Opportunities Fund

 

Objective

  • An Open-Ended investment fund, with an opportunistic approach towards MENA investment market as a whole, without any predefined allocation constraints to a given sector or country.
  • To achieve capital appreciation primarily through investments in equities listed on the MENA region stock  exchanges.
 

Investment Process

  • Bottom-up, long-term, value oriented investment strategy, seeking companies with strong balance sheets and well-positioned within respective industry groups.
  • Absence of constrains by market capitalization or GDP weighted indices. We believe constraints are inherently inefficient in a developing region like MENA.
  • Seeking returns on a total return dollar basis.
  • Between 20 and thirty 30 individual company investments at any one time, (although there are no obligations that the fund remains within this range).

Fund Board members:

  • Mr. Daniel R. Asmar- Chairman
  • Mr. Saad A. Al Qahtani - Independent Member
  • Mr. Saud M. Al Sabhan – Independent Member
 

Terms of the Fund

 
Base Currency USD
Fund Manager Audi Capital
Category Stock ARAB
Classification Income
Minimum Subscription 10,000
Subscription Currency US Dollars
Objective The objective of the Fund is to achieve capital appreciation primarily through investments in equities listed on the regulated Stock Markets of the members of the Arab League and in tradable debt instruments of corporate and sovereign issuers from Arab League countries. As of the date of this Information Memorandum, it is envisaged that the Fund’s investments will be restricted to Morocco, Tunisia, Egypt, Jordan, Lebanon, the Palestinian Authority, Kuwait, Oman, Bahrain, Qatar, Saudi Arabia and the United Arab Emirates (Dubai, Abu Dhabi, and DIFX.)
There can be no assurance that the Fund will achieve its objective and investment results may vary substantially over time.
Policy The Fund will adhere to a bottom-up, long-term, value oriented investment strategy, seeking to invest in companies with strong balance sheets that are well-positioned within their industry groups. The Fund will pursue a long-term investment strategy research.
The Fund will be driven by stock selection with the intention of maximizing returns on an absolute return basis.
The Fund Manager will not be constrained by market capitalization or GDP weighted indices, as it believes these constraints will be inherently inefficient in a developing region. The Fund Manager seeks returns on a total return dollar basis and will therefore regularly make an assessment of country and currency risks. It is envisaged that the Fund will comprise between twenty (20) and thirty (30) individual company investments at any one time, although there is no requirement that the Fund to remain within this range. For the purpose of performance measurement the fund will use S&P Pan Arab Composite Index as a benchmark.
Benchmark S&P Pan Arab Composite Index
Management Fee 2% p.a.
Management Fee Type Monthly
Management Fee Description The Fund will pay the Fund Manager a management fee (“Management Fee”) calculated daily at an annual rate of two percent (2%) of the Net Asset Value of the Fund and paid at the end of each month.
Additional Subscription Minimum Additional Subscription USD 5,000
Valuation Basis Bi-Weekly
Valuation Day Each Sunday and Tuesday that is a Business Day.
Valuation On Twice per week
Inception Price USD 10
Inception Date September, 2007
Business Day Definition Any day, excluding Fridays and Saturdays, on which banks are generally open for business in Saudi Arabia.
Valuation Type The Net Asset Value at the time of calculation divided by the actual number of Units outstanding at that same time.
 
 

Fund Performance

 
Year YTD
 2018 7.20%
2017 2.59%
2016 -3.78%
2015 -10.14%
2014 14.81%
2013 37.94%
2012 9.93%
2011 -6.47%
2010 12.82%
2009 18.24%
2008 -45.33%
2007 24.20%
 
 

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Monthly Fact Sheet
Memorandum: Arabic
Voting Policy: Arabic - English
Annual Report 2018
Semi Annual Report 2017 | 2018 | 2019
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