Mawarid

Funds

Performance Summary

Return Since Inception

6.16%

Net Asset Value

0.7641

Year to Date Return	18.95%
Month to Date Return	7.48%
As at	31 Mar 2022

Net Asset Value

0.7641

Return Since Inception

6.16%

Year to Date Return

18.95%

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 8,257,747	Dividends Quarterly or Annually
Asset Value KWD 3,644,158	Registrar Gulf Custodian Company
Base Currency Kuwaiti Dinar	Custodian & Investment Controller Kuwait Clearing Company K.S.C
Nominal Value KWD 1.000	Minimum Investment 10,000 Units with increments of 1000 units
Auditors Kuwaiti Accountant Auditing	External Shari'a Auditor Raqaba Global For Sharia Consultation Ltd.

Top 5 Holdings

SAUDI BASIC INDUSTRIES CORPORATION
INDUSTRIES QATAR
YANBU NATIONAL PETROCHEMICAL COMPANY
SAUDI ARABIAN MINING COMPANY
Advanced Petrochemical Co.

Index	Since Previous Month	Year to Date	Since Inception
Net Asset Value (Mawarid Industrial and Petroleum Services Fund)	7.48%	18.95%	6.16%
NIC GCC Large & Mid Cap Industrial and Petroleum Services Shariah Index 10% Capped (TR)	10.47%	23.03%	48.26%
NIC GCC Large & Mid Cap Industrial and Petroleum Services Shariah Index 10% Capped (PR)	9.44%	21.70%	57.57%

Historical NAVs

Year

Reports

Subscription

How To Subscribe And Redeem

You are able to print the applications of subscription and redemption from the website and submit them along with a copy of the required documents via email CRM@nic.com.kw

Or you can visit the company with the required documents at the following address.

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

For further assistance, please call the Client Relations Department on the operator number

1821112 Ext: 6681 / 6739.

Application Forms

In case of ﬁrst time subscription (a new client) please download and print the KYC/CRS/FATCA forms and kindly ﬁll out all required information including signature. Download (Individuals - Entities)

Subscription Form: please download, print and kindly fill out all required information including signature. Download

Redemption Form: please download, print 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.
- Copy of Authorized Signature from Bank (in case of submitting the application via email)
- Copy of the deposit receipt or transfer slip of subscription amount to the below mentioned bank account (in case of subscription)

Non-Kuwait Residents:
- Civil ID copy
- Passport copy
- Account No. and IBAN No.
- Copy of Authorized Signature from Bank (in case of submitting the application via email)
- Copy of the deposit receipt or transfer slip of subscription amount to the below mentioned bank account (in case of subscription)

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
Copy of the deposit receipt or transfer slip of subscription amount to the below mentioned bank account in case of subscription

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 subscription and redemption process is concluded and executed on the Iast day of the
month, on a monthly basis, and in the event of the last day of the month on an official
holiday, the previous working day is considered the day of the subscription and redemption.

Receiving orders of subscription and redemption close at 1:00 p.m. (Kuwait time) during the
official business days in the State of Kuwait and to Fund Manager, a day before the date of
valuation the fund's assets, otherwise the application fell for that period and he must renew
his request for the next period.

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