ADIB Bank

Sanabel

Closing price of Sanabel Equity fund as of date: 20-9-2023 234.49641 EGP

Sanabel Shari’a Compliant Equity fund for ADIB Egypt in collaboration with the Societe Arab International Bank

Open ended Islamic equity fund approved by CBE in 8/11/2006 and FRA approval number 377 in 21/12/2006.
Invests in Shari’a compliant securities.
Issuer: ADIB Egypt / SAIB.
Fund Manager: CI Assets management.

Investment guidelines aims to preserving the fund’s assets and maximizing the return on investment with the consideration of minimizing investment risk through diversification in different sectors.
Investment diversification in different sectors through rational investment strategy.
Managed by one of the leading asset management firms in Egypt.
Cash dividends possibility.
Investor can monitor their investment performance through ads on the weekly business page of the newspaper.
The fund has Shari’a Supervisory committee consists of three members registered at FRA to assure Shari’a Compliance in fund investment.

Asset Allocation	% of Net Asset Value (NAV)
Securities	Min. of 40% - Max. of 95%
Bank deposits and Sukuk	Max. of 50%
Short Term financial instrument	Min. of 5% - Max. of 50%
Securities in one company	Max. 15%
Investment Certificate in similar Funds	Max. of 20%

Subscription requests are received in all ADIB branches during working days through working hours until 12 pm, with the necessity to deposit the amount in the client’s account in the same day and client should come in person or his delegated person.
In case of receiving the subscription requests after 12 pm, the request will be postponed till next working day.

Redemption requests are received in all ADIB branches during working days through working hours until 12 pm of the last working day on every week (actual redemption day), client should come in person or his delegated person.
The value of the investment certificates that is required to be redeemed is deducted from the fund’s assets in the first working day of the next week for submitting the request.
Redemption requests are executed in the first working day of the next week of submitting the requests, based on the IC’s price at the end of last working day of the week that the redemption request was submitted.

Fund’s returns are accumulated with the possibility of semiannually cash dividends distribution between 3% to 95% from the capital gain of last six months according to fund evaluation from Admin company after approval of the fund supervisory committee.
If profit distribution has not been approved, the fund shall invest the surplus of realized profits in its portfolio which shall be reflected in the weekly declared value of the certificate. Hence, certificate holder shall have the nominal value of the certificate along with profits at the end of period or at redemption according to redemption value