Mawarid

Funds

Performance Summary

Return Since Inception

(19.40%)

Net Asset Value

0.5274

Year to Date Return	14.33%
Month to Date Return	3.14%
As at	30 Jun 2019

Net Asset Value

0.5274

Return Since Inception

(19.40%)

Year to Date Return

14.33%

Overview

Fund Objective

To provide capital appreciation and income to its investor by investing in Kuwaiti, Arab and GCC Sharia compliant listed and unlisted equities in the industrial and petroleum service sectors.

Performance

To maximize the Fund’s expected total return on a risk-adjusted basis by investing in industrial and petroleum services companies in Kuwait & the GCC.

Diversification

To provide diversification among the industrial and petroleum services sector based on liquidity, capital appreciation and dividend yield.

Liquidity

To create a liquid vehicle for investors wishing to benefit from the potential return from an investment fund dedicated to the industrial and petroleum services sector in Kuwait and the GCC region.

Benefits of the Fund

Provides exposure to equities in the industrial and petroleum services sectors in Kuwait and the GCC region through one single liquid investment vehicle.
Provides investors exposure to the lucrative GCC Industrial and Petroleum services market which for the most part, is closed to individuals and foreign investors.
Provides a single investment tool with the objective of achieving returns higher than traditional Islamic deposits.
Takes advantage of above average returns for investors who do not have the time or lack the means to enter these markets and manage the risk.
Actively managed by a team of professionals who enjoy extensive experience in the GCC and Arab equity markets.
Semi-annual dividend distribution.
Monthly subscription and redemption.

Terms & Conditions

Fund Name Mawarid Industrial and Petroleum Services Fund	Subscription and Redemption Monthly Subscription / Redemption Fee = 0.5%
Fund Manager National Investments Company	Management Fee 1% per annum
Term of the Fund 10 years, renewable	Performance Fee Only 20% of the amount by which the annualized rate of return exceeds 10%
Fund Capital KWD 5 to 100 million	Net Asset Value Calculated on the last trading day of every month
Paid Up Capital KWD 9,195,057	Dividends Quarterly or Annually
Asset Value KWD 4,880,574	Registrar Gulf Custodian Company
Base Currency Kuwaiti Dinar	Custodian & Investment Controller Gulf Custodian Company
Nominal Value KWD 1.000	Minimum Investment 10,000 Units with increments of 1000 units
Auditors Kuwaiti Accountant Auditing	External Shari'a Auditor Mr. Mohammad Al-Shurafa Dr. Abdul Bari Mashal Raqaba Global for Shari'a Consultations Ltd.

Top 5 Holdings

SAUDI BASIC INDUSTRIES CORP.
YANBU NATIONAL PETROCHEMICAL COMPANY
SAUDI ARABIA FERTILIZERS COMPANY
ADVANCED PETROCHEMICAL COMPANY
SAUDI INTERNATIONAL PETROCHEMICAL COMPANY

Index	Since Previous Month	Year to Date	Since Inception
Net Asset Value (Mawarid Industrial and Petroleum Services Fund)	3.14%	14.33%	(19.40%)
Benchmark*	2.68%	6.95%	(16.38%)
*Benchmark Changes S&P GCC - Energy & Materials - 10% TR GCC Sharia Industrial & Petroleum Weighted (Investable) 10% - Since Inception to Dec 2018

Historical NAVs

Year

Reports

Subscription

How To Subscribe

To apply: kindly print 3 copies of the subscription form and submit the originals to our office at the below address, or contact our funds client services department at +965 22266666 / 6680 / 6739, email: cs@nic.com.kw for further assistance.

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

Subscription form

Please download and print the subscription form and kindly fill out all required information including signature. Download

Required identification

Individuals

Kuwait Residents:
- Civil ID copy
- Passport copy
- Account No. and IBAN No.
Non-Kuwait Residents:
- Civil ID copy
- Passport copy
- Account No. and IBAN No.

Companies

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

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

For Foreign Companies outside Kuwait:

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

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

Government entities:

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

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

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

The deadline for subscription is the 28th of every month. Where the 28th falls on a weekend NIC will only consider those subscriptions received on the working day immediately prior to the 28th.

Mawarid Industrial & Petroleum Services Fund Redemption Form Click here to Download

Payment Instructions For Wire Transfer

Beneficiary: Mawarid Industrial & Petroleum Services Fund

Bank Name: Kuwait Finance House - Head Office

Account Number: 011010577522

IBAN No.: KW28KFHO0000000000011010577522

For Check Payment

In the name of: Mawarid Industrial & Petroleum Services Fund