| Announcement Detail |
On March 7, 2024, the company obtained the approval of the Capital Market Authority to publicly offer units of the Mulkia Murabaha and Savings Fund, which is a public open-ended fund managed by the company, that aims to save the capital, provide liquidity, and achieve short-term capital growth as a means of saving for multiple categories of investors. Those who wish to save short-term in exchange for obtaining returns by investing in money market deals, debt instruments, derivatives contracts, bank deposits, money market fund units, and fixed-income debt instrument fund units that are compatible with the fund’s Sharia standards. The company will receive returns represented by a management fee estimated at 0.5%. % annually of the net asset value of the fund starting from the date of the fund’s launch. |
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