Important Announcements for Investors

Important Announcement – Value Added Tax (VAT)

Dear Valued Clients, Please be informed that, pursuant to the taxation regulations of the Kingdom of Saudi Arabia, starting from 01 January 2018 VAT amounts to 5% will be applied to all fees and commissions mentioned in the Terms and Conditions of all Investment Funds Managed by Alawwal Invest. Moreover, the client will be charged any value added tax applicable to commissions and fees mentioned in investment funds’ terms and conditions, as VAT is mandatory charged in addition to commissions and fees mentioned in investment funds’ terms and conditions. Furthermore, the terms and conditions of all funds will be updated with this regards. Furthermore, VAT is an indirect tax imposed on all goods and services, with some exceptions. This tax is a new addition to taxation system of the Kingdom, and will be applied starting from 01 January 2018. For more information about VAT, please visit the website www.vat.gov.sa/en

Terminate Al-Yusr Global Equity fund

Dear Valued Customer, It has been decided to terminate Al-Yusr Global Equity fund due to its size. The decision of termination came from AlAwwal Invest concerns regarding its valued client’s investments and returns (given the size relative fees are rather high); termination date is set to 17 December 2017.

Resignation of Independent Member from Alawwal Mutual Funds Board

We would like to inform you that Mr. Tarek Al-Shwaier, Independent member of Alawwal Invest Mutual Funds Board has resigned from the board effective 23/05/1438 H corresponding to 20/02/2017

Change in Alawwal Invest Mutual Funds Terms and Conditions

Dear Customer, We would like to inform you that, we have recently changed Alawwal Invest Mutual Funds’ Terms and Conditions as follows:

Changes and amendments in the Alawwal Invest Mutual Funds Board

Dear Client, We would like to inform you that, we have made some changes and amendments in the Alawwal Invest Mutual Funds Board (after obtaining CMA approval) as follows:

Implementation of the new trading commission for listed share

Greetings, With reference to CMA board decision dated on 30/6/2016, which consist of : 1- Amend the level of commission on any buy or sell of equity on Saudi Stock Exchange, starting from 12/10/1437H corresponding to 17/7/2016 to be (0.00155) one hundred and fifty-five in one hundred thousand.

Terms and Conditions Modification

We would like to inform you that, we have made some changes and amendments in AlYusr Alawwal Invest IPO Fund’s terms and conditions (after obtaining CMA approval) as follows:

Terms and Conditions Modification

We would like to inform you that, we have amended the paragraph "Fund Strategy" in the terms and conditions of the AlYusr Alawwal Invest IPO Fund (after obtaineding CMA approval)as follows: