Alahli Sedco Residential Development Fund(Closed) (Saudi Arabia)

The Fund is a closed ended real estate investment fund. The funds investment objective is to provide Unitholders with capital gains on their investment through the Funds investment into the Projects.
The Fund was founded in 2007 as the investment banking and asset management arm of the Saudi National Bank (over 90 ownership), providing clients with premier solutions of integrated investment services. Today, SNB Capital is the largest Asset Manager in the Kingdom of Saudi Arabia and the largest Sharia compliant Asset Manager globally with over SAR140 billion of assets under management.
The Fund s products and services include: A full range of asset management offerings, Fiduciary investment advisory services, Wealth, fund and portfolio management, A full range of Investment Banking services, Brokerage and market leading research.
The Fund is a Saudi Joint Stock Company with a paid up capital of SAR 1,500,000,000 . It is authorized by the Capital Market Authority of the Kingdom of Saudi Arabia under license number (37-06046) to carry out dealing, as principal and agent, and underwriting, managing, arranging, advising and custody, with respect to securities and the commencement date to proceed with the stated activities is 10 61428H corresponding to 25 62007G.
The Fund Company Commercial Registration No. (1010231474) dated 1428-29-03H.
The Fund is a Sharia compliant fund that invest in Saudi Real Estate sector. The Fund is under the management of NCB Capital Company.
In addition to the above, the Fund will from time to time place un-invested amounts in cash or re-invest such amounts in short term investments including without limitation, Shari'ah compliant direct Murabaha transactions or Murabaha funds taking into consideration the risk and return profile that serves the Unitholders' interests.
The investment strategy of the Fund is to acquire the Fund Land, through the Fund Manager, for the development, construction and sale of residential real estate in Jeddah, Kingdom of Saudi Arabia.
The Fund was established on 7 January 2014.
The Fund commnenced its operations on 28 April 2014.
Pursuant to merger agreement executed between The Saudi National Bank (formerly National Commercial Bank)
(the Parent Company) and Samba Financial Group.
The name of company is changed to SNB Capital.