A minimum of 95% of the Fund's assets will be invested in physical gold; purchased only from Gold bars providers accredited by the Dubai Gold and commodities exchange (DGCX). Gold bars are held in a segregated and allocated manner, safe-kept in a secured vault in Dubai.
The Benchmark is the DGCX spot gold price (DGSG) and the provider of the index is the Dubai Gold and Commodities Exchange.
Individuals, corporations, companies, government agencies and other sectors may invest in the Fund if it is consistent with their investment objectives and their tolerance of the risks associated with the investment.
How to Trade Fund's Units?
Buying and selling the Fund's units can be performed directly via the Saudi Stock Exchange (Tadawul) through Albilad Capital or any other licensed broker in the market.
|Backed by physical gold||A minimum 95% of the Fund's assets are held in physical gold; purchased only from DGCX. These bars are held in a segregated and allocated manner, safe-kept in a secured vault in Dubai.|
|Shariah-compliant||The Fund ensures that its operation fully abides the principles of the Shariah Law, and is guided by our Shariah Advisors.|
|Hassle-free||The Fund will be listed on Tadawul which is accessible by all AP's via their online trading platforms. More importantly, there is no need to worry over logistics, insurance, or the safety of gold!|
|Redeemable||The option to redeem physical gold upon meeting the minimum redemption unit block.|
Trading Through Market Maker
Trading on Tadawul
Minimum Creation or Redemption: 100,000 units
Base Currency: SAR
Name: Albilad Gold
Short Name: ALBILAD GOLD
|Fund Currency||Saudi Riyal|
|Fund Type||Public, Open-Ended|
|Fund Category||Exchange Traded Fund|
|Fund Target||The Fund aims to mimic the performance of (DGSG) Spot Gold Contracts in DGCX (Dubai Gold and Commodities Exchange)|
|Risk Level||Medium to High|
|Benchmark||The benchmark is the DGCX spot gold price (DGSG)|
|Subscription & Redemption||During market hours|
iNAV: Every 15 seconds during market hours
NAV: End of every trading day.
|In-Kind Subscription & Redemption||Exchange of traded units against Physical Gold & cash component when issuing or redeeming units|
|Market Maker||An Authorized Person that provide liquidity to the market by placing buy and sell orders during market hours|
|Dividend Policy||There will be no distribution of income|
|Unit Price||10.00 SAR|
|Unit Trading||The ETF units will be traded only during market hours like any other listed security|
|Fund Manager & Market Maker||Albilad Capital|
|Sub-Custodian||Brink's Global Services|
|Benchmark Provider||Dubai Gold & Commodities Exchange|
|Exchange||Saudi Stock Exchange (Tadawul)|
|Regulators||Capital market Authority|
|||Dubai Multi Commodities Centre|
|||Emirates Securities & Commodities Authority|
| Year||Half yerly Report||Yearly Report|
| 2020|| || |
Investing in securities involves many risks, such as: that the previous performance of the security or the previous performance of the index is not an indication of future performance, and there is no guarantee for investors that the performance of the security will be repeated or similar to the previous performance, and investment in securities is not considered as a deposit with any bank, And investors should always pay attention that investing in securities or the investment instruments associated with them may involve fluctuations in value that reflect a high degree of risk. The investment may experience a sudden decrease and a loss equal to the amount invested in it. As the value of the investment in the security is variable and may be subject to increase or decrease, Therefore, this type of securities may not be suitable for every investor to invest in. Hence, we advise investors to seek advice from a qualified investment advisor before investing in such instruments. Fees imposed on securities, such as fees for buying and selling and other fees imposed on the investment account, may apply to them. There are securities that may be difficult for the investor to sell or convert into cash and obtain reliable information about the value of the security, or the extent of the risks to which it is exposed. Also, some securities may be dealt with in foreign currencies, Changes in the prices of these currencies may have positive or negative effects on the value of the security. In addition, taxes may apply to some of the products and securities invested in them, as stipulated in the executive regulations of the value-added tax system issued by the Kingdom, which may change from time to time, Albilad Capital does not guarantee the possibility of changing tax rates or exemptions, and Albilad Capital can invest in related securities. And we note that the Albilad Capital may have provided important advice or services in the business of securities during the previous twelve months to the issuer of the relevant securities or related securities or will be provided in the future or any of its dependents, and Albilad Capital may have an investment center or a share in the fund or related securities. For more information and to review all the details related to Albilad Capital products kindly visit our website: www.albilad-capital.com. Capital Market Authority License No. 37-08100, Commercial Register No. 1010240489, Head Office: 8162 King Fahad road –Olaya Unit no 22 Riyadh 12313-3701 Kingdom of Saudi Arabia.